What is Golix?
Golix is a cryptocurrency exchange. Unlike other exchanges that are primarily designed for day traders, Golix differentiates itself as an outfit focused on the African market and its challenges. It is designed to facilitate remittances and payments while acting as a reliable access point for cryptocurrencies. The full extent of the challenges that Golix is addressing by doing this is best explained by real-life stories drawn from Africa.
Golix is addressing these challenges through its active Exchange in Zimbabwe. It now intends to apply these solutions to the rest of Africa by setting up exchanges in multiple countries. A new token - the GOLIX token (GLX) - will be issued to provide users on all these exchanges an additional means of val- ue transfer between fiat and cryptocurrencies.
Project Team:
The biggest competitive advantage is our people. We have a dynamic lineup of individuals eager to provide a game-changing solution to some of Africa’s problems which they have experienced personally
Token Details:
GOLIX token (GLX) - will be issued to provide users on all these exchanges an additional means of value transfer between fiat and cryptocurrencies. GOLIX tokens will be sold for bitcoin (BTC), ethereum (ETH) and Stellar (XLM). 1 GOLIX token will be pegged against USD and each token will be priced at $0.05612. All African passport holders will be given a 10% bonus over and above any other discounts given. Unsold tokens will be distributed equally amongst contributors pro-rata. However, these unsold to- kens will be distributed over a 4 year vesting schedule, in 4 equal payments and with the first payment being made exactly one year after the Tokensale.
The Public Token Sale will start on 1 June 2018, 10:00 GMT time and run for 54 days until 25 July 2018, 10:00 GMT or when all tokens are sold out, whichever is sooner.
All GLX trading pairs will be zero-rated for transaction fees for a period of two-years. GLX token holders of 100,000 tokens or more will receive zero-transaction on all trades on the exchange Golix will use 20% of its gross revenue generated to buy back GOLIX tokens every quarter to a maximum of 50% of the tokens minted. These tokens will be used to invest in projects that increase the adoption of cryptocurrency in Africa as well as the usage of the GLX token.
Verdict:
Golix is a centralized exchange and one important role that we have in this ecosystem is providing a wallet service to store the cryptocurrency funds of both the customers that want to trade on our platform as well as those customers who don’t feel they can securely store their funds themselves. We know that this is a huge responsibility and this responsibility makes us a target for thieves and hackers. It’s not enough for us to hire the best people in the space and to hold highest security standards and practices, we also need to make sure that our customers are taking sufficient steps to protect themselves so that no accounts are compromised.
Important links:-
Website: https://golix.com
Whitepaper: https://drive.google.com/file/d/1P1Ut2d24nvi3Fje1tplhcCpjkL950als/view
Telegram Group: https://telegram.me/golixcommunity
Twitter: https://twitter.com/golixdotcom
Facebook: https://www.facebook.com/golixdotcom/
ANN: https://bitcointalk.org/index.php?topic=4447761
Bounty: https://bitcointalk.org/index.php?topic=4455988.0
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
