Topic: H: GAYmoney W: BTC (Read 310 times)
updated OP, lowering price. my hope is to raise at least 2.5BTC in order to cover the basic downpayment necessary on the house, which will et me to the 75% Loan-to-value threshold. selling for 7500 satoshi per GAYcoin. thats a steal compared to where the price will be heading beyond september!
I am selling UP TO 500,000 GAYcoins for 0.00007500 BTC per unit. I will negotiate the sale price if someone is interested in buying a large block of currency. I havent done a great deal of peer to peer trading and would request escrow services, which i would cover the cost on.
I am using my equity in this project to purchase a home for my family. The purchase price of this home is less than 80% of its value while its insurable value is 5x the asking price. (its a grand victorian in very decent shape but one that witnessed a tragedy). I have already put $2000 CAD as a deposit on the home, with a balance owing of $110,000.
I initially set out to place this sort of balance in escrow and pay a lender from the generated interest over a five year period to cover both the purchase price and 25% interest to the lender. I believe the real estate market is set for massive disruption through cryptocurrency and blockchain technology, and eventually that sort of deal will be much easier to set up. With time an issue now, I would like to simply sell a larger block of GAYmoney at a reasonable price and cover the house costs.
I am a member of the core development team for this project, which is a pure Proof of Stake currency which provides a reliable 20% APR. Although the current [ANN] for the project is an older one, we have been working on rebuilding the project and have been buiding a number of services for a corporate launch on September 1. You can still download the GAYmoney wallets at gaycoin.online, but we will be migrating this site to our new ones at gay.foundation and gay.money by the end of july. Presently we are traded at cryptopia, and are looking at adding representation on another established and trustworthy exchange in the next month.
The fund I am hoping to sell produces, with regularity, 250 GAY/day (7500 a month or over 90,000 a year) and with the developments we are working on and detailed below, our average valuation and market volume will be increasing substantially over the summer.
Current developments on the project include presently licensing an exchange to provide convenient fiat gateways to purchase or sell GAYmoney directly, as well providing an altcoin exchange against GAYcoin and few other popular base markets called better.exchange which will be live for the corporate launch. our integration into a multi-currency android wallets is currently underway as is a standalone GAYmoney wallet for Android and iOS smart phones. we have several businesses, both online and bricks-and-mortar that are ready to begin accepting GAYmoney when we have these parts in place, although some are already accepting paper wallets.
We are also incorporating as a Financial Services Business in Canada as the GAY Foundation, Inc. This is so that we can adhere to current Canadian laws regarding digital assets, as well as proactively seeking regulatory compliance against the future legal position of cryptocurrency projects. This Foundation will be responsible for administering the slow release of funds from the charitable wallet set up and untouched since the projects genesis several years ago, and will set Share Classes to coincide with the underlying cryptocurrency as simple ClassC non-voting shares. We will incorporate a threshold system of share balances that will adhere to KYC/AML practices and signed wallet verification towards a ClassB voting share and dividends from profit secured by exchange fees. A larger threshold will be set out as a ClassA Board of Directors level of shareholding, which will permit voting on higher level corporate decisions and a place on the board to help set out future company direction. This corporation will also be investing in LGBT business and services to help promote market integration.
We have held off on our new [ANN] until we have concretized much of these developments and expect it to be published within a few weeks. But presently, I have need of fiat to purchase a home for my family. There will be more volume on the exchanges, although we have been pushing closer to 1BTC daily volume recently.
If you have any questions, please do not hesitate to write me here or thru PM.
I am using my equity in this project to purchase a home for my family. The purchase price of this home is less than 80% of its value while its insurable value is 5x the asking price. (its a grand victorian in very decent shape but one that witnessed a tragedy). I have already put $2000 CAD as a deposit on the home, with a balance owing of $110,000.
I initially set out to place this sort of balance in escrow and pay a lender from the generated interest over a five year period to cover both the purchase price and 25% interest to the lender. I believe the real estate market is set for massive disruption through cryptocurrency and blockchain technology, and eventually that sort of deal will be much easier to set up. With time an issue now, I would like to simply sell a larger block of GAYmoney at a reasonable price and cover the house costs.
I am a member of the core development team for this project, which is a pure Proof of Stake currency which provides a reliable 20% APR. Although the current [ANN] for the project is an older one, we have been working on rebuilding the project and have been buiding a number of services for a corporate launch on September 1. You can still download the GAYmoney wallets at gaycoin.online, but we will be migrating this site to our new ones at gay.foundation and gay.money by the end of july. Presently we are traded at cryptopia, and are looking at adding representation on another established and trustworthy exchange in the next month.
The fund I am hoping to sell produces, with regularity, 250 GAY/day (7500 a month or over 90,000 a year) and with the developments we are working on and detailed below, our average valuation and market volume will be increasing substantially over the summer.
Current developments on the project include presently licensing an exchange to provide convenient fiat gateways to purchase or sell GAYmoney directly, as well providing an altcoin exchange against GAYcoin and few other popular base markets called better.exchange which will be live for the corporate launch. our integration into a multi-currency android wallets is currently underway as is a standalone GAYmoney wallet for Android and iOS smart phones. we have several businesses, both online and bricks-and-mortar that are ready to begin accepting GAYmoney when we have these parts in place, although some are already accepting paper wallets.
We are also incorporating as a Financial Services Business in Canada as the GAY Foundation, Inc. This is so that we can adhere to current Canadian laws regarding digital assets, as well as proactively seeking regulatory compliance against the future legal position of cryptocurrency projects. This Foundation will be responsible for administering the slow release of funds from the charitable wallet set up and untouched since the projects genesis several years ago, and will set Share Classes to coincide with the underlying cryptocurrency as simple ClassC non-voting shares. We will incorporate a threshold system of share balances that will adhere to KYC/AML practices and signed wallet verification towards a ClassB voting share and dividends from profit secured by exchange fees. A larger threshold will be set out as a ClassA Board of Directors level of shareholding, which will permit voting on higher level corporate decisions and a place on the board to help set out future company direction. This corporation will also be investing in LGBT business and services to help promote market integration.
We have held off on our new [ANN] until we have concretized much of these developments and expect it to be published within a few weeks. But presently, I have need of fiat to purchase a home for my family. There will be more volume on the exchanges, although we have been pushing closer to 1BTC daily volume recently.
If you have any questions, please do not hesitate to write me here or thru PM.
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