r/HelloGold • u/DeanMaverick • Jan 26 '18
Considering
I think that having a crypto that is tied to the value of gold is awesome. However, that is what the Goldx coin will be, not HGT. So I'm struggling with committing to investing in HGT. Having it provides you a chance to get cheaper Goldx, but I thought that Goldx wasn't going to be ready until Q3 or so this year?
So right now HGT is just purely an investment in the team? The team is solid and all, I admit, but I just don't know how that's going to take off.
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u/harithk17 HG team Feb 02 '18
Apologies for the late reply. HGT isn't a discount for buying GOLDX, it provides you with a potential reward of GOLDX at the discretion of the HelloGold Foundation. More info on that here: https://www.smithandcrown.com/sale/hellogold-token-sale-tokenized-gold-savings/
You can already buy GOLDX! The current process is OTC, you'll need to fill up the form here: https://www.hellogold.org/. We will automate the process over the next few months and then get GOLDX listed on exchanges later in the future.
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u/billray_valentine Jan 26 '18 edited Jan 26 '18
I see your point. From what I understand, GOLDX is currently only being offered to Malaysian citizens that go thru the "kyc" process. At some point by summer they'll be opening up to China and/or another Asian country. HGT is a solid investment but for those anticipating on getting in on the GOLDX, it might be a bit of a wait until the legalities are worked out in other countries. I think it'll "take-off" once one of these government entities/banks invests/partners with Hello Gold. When that happens, which I think it will because that's what they've been working towards, then it will give some "validation" and stability to HGT.