HelloGold Foundation (HGF) is an organisation that has been set up by HelloGold with two primary objectives:
Our registered office is located at:
#13-00 ASO Building
8 Robinson Road
HelloGold believes that Gold protects your savings and that everyone should have access to gold in an affordable and secure way. HelloGold is a start-up that creates simple and accessible Gold products for everyone. Founded in 2015 and headquartered in Kuala Lumpur, Malaysia, HelloGold built the world’s first Shariah compliant gold digital application that changes the way users buy and sell gold.
Hellogold is committed to good corporate governance. It’s platform features state-of-the art online security and is supported by fully audited processes to guarantee proper ownership of the physical gold. Its dedicated team of experienced professionals have come together from the gold industry, financial services, technology and the digital user experience (UX) fields, all with the aim of making gold available to everyone in Asia.
HGT is a token for supporting the objectives of the HelloGold Foundation. Supporters may be rewarded with any GOLDX distributed to HGT holders. It has no intrinsic value and is not backed by any real-world asset. A total of 1,000,000,000 (one billion) HGT has been minted.
GOLDX is a token that is fully backed by 99.99% investment grade gold. 1 GOLDX is always tied to 1g of gold, which is allocated and securely vaulted in Singapore. There will be 3 ways of receiving GOLDX in future:
The HelloGold token address is 0xba2184520A1cC49a6159c57e61E1844E085615B6
Note: This is not the Token Sale address. Please do not send any ETH to this address. Any ETH sent to this address will be lost permanently.
The Token Sale is a sale of HelloGold Tokens (HGT) by the HelloGold Foundation that provides its holder with a potential stream of gold backed tokens (GOLDX). The amount of GOLDX issued will be based on an endowment from HelloGold. The endowment is 10% of HelloGold's management fee revenue. GOLDX issued to HGT are capped at a maximum total issuance of 3.8 tonnes of gold (3,800,000 grams).
Each GOLDX is backed by 99.99% investment-grade gold and may be redeemed as physical gold in 1g increments.
There is no guaranteed return on HGT. The disbursement of reward GOLDX to HGT holders is discretionary by HGF. However, as the lifetime total allocation of GOLDX is capped at 3,800,000 GOLDX (i.e. 3.8 metric tonnes of gold) to the 1,000,000,000 HGT created, each HGT will receive a maximum of 0.0038 GOLDX (i.e. 0.0038 g of gold).
The return on HGT thus depends on:
Following the announcement by People’s Bank of China on 4 September 2017, HGF decided to support ICOage’s efforts to refund all their customers who participated in ICOage’s token pre-sale. The ICOage Token Resale involves reselling 170 million HGT of the amount originally pre-sold via ICOage.
More detail on the ICOage Token Resale can be found here.