To accomplish its objectives, the Foundation provides grants to appropriate organisations that support the objectives of the Foundation.
The Foundation has created a fixed number of 1,000,000,000 (one billion) HGT. These are planned for release in 3 Rounds. Each Round is anticipated to be run at 12 month intervals.
All HGT was minted at the time of Round 1 with no further HGT to be minted. The Token Sale has been broken up into Rounds to provide assurance to supporters that the funds are both required to meet the Foundations' objectives and being used for the intended purposes on a timely basis.
Round 1 of the Token Sale was completed on 5 October 2017 and raised a total of 17,149 ETH.
Rounds 2 and 3 timing and process will be confirmed prior to those rounds. They are currently scheduled for 2018 and 2019 respectively, but subject to meeting the objectives attached to Round 1 and the need for future funds.
- The HelloGold Foundation provides grants to HelloGold which are used to further the Foundation’s objectives.
- In return, HelloGold endows 10% of its annual management fees generated from gold AUM to the Foundation.
- The Foundation converts this endowment into GOLDX, a cryptocurrency fully backed by 99.99% investment grade gold, securely vaulted with HelloGold's nominated vaulting provider.
- GOLDX is distributed at the Foundation’s discretion to HGT holders.
HGT and GOLDX are separate tokens that are independently tradeable.
You may trade HelloGold Token (HGT) on these exchanges:
If you have any suggestions or would like to help us get HGT listed, please get in touch with us at [email protected].