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GXC FAQ

What is GxCoin?

GxCoin is a cryptocurrency being launched by Genevieve Co. It is based on the Ethereum platform (an ERC-20 token). You can learn more about GxCoin by reading ICO Alert’s overview of GxCoin, or see a more detailed outline of the GxCoin Project through our Whitepaper.

When is the Initial Coin Offering (ICO) and ending time?

Starts: August 25, 2017 - 10:00PM PST

Ends: August 31, 2017 - 11:59 PM PST (or when max cap is reached, 10mm)

Are US investors eligible to participate in GxCoin’s ICO?

Yes. We can allow a maximum of $1,070,000 from U.S. investors. When we reach that maximum, U.S. citizen crowdsale will end. Token sales for U.S. Citizens under the Job Acts:

https://www.sec.gov/info/smallbus/secg/rccomplianceguide-051316.htm

Is there a minimum purchase to invest during the ICO?

Minimum purchase is 0.1ETH, 0.8LTC, or 0.085BTC (approx $32 as of 8/24/17).

What is the minimum and maximum cap for the ICO?

Minimum is 500,000GXC, maximum cap is 10,000,000GXC.

How do I know the funds are secure?

We use a third party escrow service provider called CoinPayments that cold stores the funding and will only release the funds with expressed agreements being met.

How do I acquire GxCoins during the Initial Coin Offering (ICO)?

Go to our website at www.genevieveco.com and click “Invest”. You will be asked to enter your name and email. Follow the steps provided afterward to get GXCoin.

What happens if the ICO is not successful?

We are on track to be successful, but if we do not hit our minimum requirement then investors will be refunded. This process is automatic and the service is provided by a third party provider called Coinpayment.

How do I receive my GXC after the ICO?

Each investor will receive a unique wallet address storing the GXC. The balance will be provided within 12 hours post-ICO. Your GXC address is compatible with any Ethereum or ERC-20 wallet.

Can I mine GxCoin?

Unlike proof-of-work blockchains such as Bitcoin, there is no mining in GxCoin.

Is GxCoin related to Bitcoin or Ethereum?

Bitcoin, Ethereum and GxCoin are all decentralized ledgers powered by a blockchain. Bitcoin was the first public blockchain and introduced the first decentralized form of electronic currency. Ethereum came after Bitcoin, but included smart-contracts in its platform, which allows a greater range for development in financial technology. GxCoin puts a new twist on cryptocurrency investing by allowing investors to actively participate in Venture Capital funding for local and small businesses, in addition to owning a new medium of exchange. Welcome to the world of “smart money.”