The official token for GIS Corp

FAQ – Frequently Asked Questions

General

CAN I BUY TOKENS WITH ETH ONLY?

Yes for this ICO we accept ETH only. DO NOT try to send funds from exchanges like Coinbase, Poloniex. Only from your personal wallets. GISC Loancoin will be sent immediately from smart-contract to the wallet from which the ETH arrived.

CAN I PARTICIPATE IN THE CROWDSALE WITHOUT AN ETHEREUM ADDRESS?

No, because GISC Loancoin are tokens issued on Ethereum blockchain, you need to have an Ethereum address to receive and store your GISC Loancoin. You can use any Ethereum wallet: MyEtherWalletMetamaskParityMist or Ledger.

WHY RAISE USING A ICO OR CROWDFUNDING?

GISC evaluated raising capital between a Blockchain crowdfunding campaign and traditional fund raising and concluded that utilizing an Ethereum ERC20 token would be the optimal fundraising method to achieve our vision. Blockchain crowdfunding gives access to people who would maybe ordinarily not have access to investment funds.

WHAT IS A GISC LOANCOIN?

GISC LoanCoin token are “proof-of-membership” in the fund. Holders ofGISC LoanCoin will receive quarterly dividend distributions proportionate to their stake percentage. This will be accomplish thru various methods.

How to purchase coins

WHERE WILL GISC LOANCOINS BE LISTED??

We are seeking a multi exchange strategy to list GISC Loancoin tokens right after the ICO. We will ensure that GICS Loancoin tokens are tradable on a minimum of 1 major exchange (although our goal is 5 leading cryptocurrency exchanges).

HOW WILL PROFIT SHARING BE PAID?

Quarterly profit sharing will be distributed to the coin holder. They are sent to the Ethereum address that holds the coins. If the coin is held on an exchange, then the exchange will distribute the profit sharing to you.

WHAT HAPPENS TO THE RAISED FUNDS AFTER THE ICO??

Funds will be split into three hardware wallets for operations, reserve fund and Operational Loans;  we have contracted an outside financial firm to perform confirmation of funds storage shortly after the ICO.

Technical

WHAT WALLET SHOULD I USE TO STORE GISC LOANCOIN TOKENS?

GISC Loancoin tokens are a ERC20 tokens issued on Ethereum blockchain. Token holders can easily store and manage their GISC Loancoin tokens using existing Ethereum clients including official Ethereum wallets like MyEtherWallet, Metamask, Parity, Mist or Ledger (hardware wallet).

WHERE CAN I BUY GISC LOAN COINS?

During the ICO, you can participate in buying GISC LOAN coins by sending ETH to the address listed on this website shortly before commencement of the ICO. After the ICO, you will be able to buy GISC LOAN coins on any participating exchange.

ARE THERE LIMITATIONS AS TO WHO CAN INVEST?

You are not allowed to purchase GISC Loan coins if you are either a U.S. citizen or permanent resident of the United States, or have a primary residence or domicile in the United States, including Puerto Rico, the U.S. Virgin Islands, and any other territories of the United States. Please see our complete white paper for more details.

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