GIIS & Crypto Talkz AMA Answers. Part 3
This is the final part of the answers given during the AMA with Crypto Talkz that took place late September!
Q.How did you come with the GIIS project? Why do you think the crypto field needs you?
Good question! So, like I mentioned, during our own ICO a few years back we calculated that we can roll out insurance in case the price doesn’t appreciate as much as we and the holders want to. And we have seen a major support for this idea.
Eventually, this gave us an idea to extend the model to other projects, not just our own one. In terms of whether the crypto community needs it - we shall see. Since we get quite a lot of attention and incoming enquiries - looks like we certainly are needed by at least some) Moreover, insurance systems exist for decades in the real world...why not have them in crypto then?!
Q. Many people think that your project is fake. What is your opinion about it? And how safe is your project?
Well, funny thing, many people think that crypto currencies are fake altogether. So are the fiat currencies - merely shiny papers with different pictures, not supported or backed up by any assets. But hey, we are all here for a reason, right?)
Also, not quite sure is meant by 'many people’, as you mentioned and 'fake’. If you are referring to us having some other motives - then no. We do not ask for the full transfer of the tokens to us, in fact, in most cases, if one can prove they own it - we do not require a transfer at all. So, I hope it resolves some of the doubts those 'many' people have!
Q.Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? Can you share it with us?
Absolutely! We not only have all sorts of social media for LH-Crypto (the mothering company), but also for GIIS itself. If you go to
https://giis.lh-crypto.com/ you can find all social media links at the bottom - feel free to check!
Q. IS your platform suitable for Crypto beginners? Or does it only appeal to professional users?
It is surely suitable for any crypto user. We do not divide by experience, portfolio volume etc. That’s actually one of the reasons we make various guides, video-explanations, and many FAQs to help the 'newbies' of the crypto world to join us in one way or another. We try not to overcomplicate things with technicalities, since the pros would find them anyway, whilst the less experienced users can get scared. In the end, cryptocurrencies are just an alternative field of finance and investment. So, sure, anyone can join!
Q. GIIS takes existing tokens from less successful projects and makes them work better by creating a complete ecosystem for them. But how does GIIS really manage to promote projects or tokens that allegedly did not reach good figures?
To answer this and some other related questions. It’s a rather lengthy process to describe. But in short, many of the 'less fortunate' tokens are simply lacking the liquidity and the usability. We try to integrate them within our system and amongst our partners. To give you an example, of what it will look like - we are building a personal "Crypto Shop", here:
www.lh-crypto.com/tokens-exchange/ So, imagine having tons of possibilities for various tokens - just like having various fiat currencies in your wallet and seeing how you can exchange them to buy different things - coffee, t-shirts etc. That’s a glimpse of what the plan is and what we are developing. It’s just a draft, at the moment, but hopefully gives the idea!
It's time for Wrapping Up, any last words you would like to say to the community?
I'd like to thank everyone who could join us today and the organizers for letting us share the project and increase the awareness.
Join our social media platforms, check our web-site and let's make the crypto community a better and safer place together!
