GoldFund: An Investment and Trading Platform Connecting Cryptocurrency and Physical Gold

What is GoldFund

Friends, imagine if you want to invest in gold, but buying gold bars or jewelry feels too troublesome, or you don’t have enough funds—what should you do? The GoldFund (GFUN) project is like a platform that helps you “digitize” gold. It makes gold, which traditionally only the wealthy could easily invest in, as simple as trading stocks, with a much lower threshold so even small amounts of capital can participate.

Simply put, GoldFund is a bridge connecting gold producers and ordinary investors. It provides funding to mining companies that are about to produce gold, and in return, these companies give a portion of their gold to GoldFund. GoldFund then divides this gold into smaller units and offers it to the public in the form of GFUN tokens.

For regular users like us, you can indirectly invest in gold by purchasing GFUN tokens. These tokens can be freely traded on cryptocurrency exchanges, just like other digital currencies. What’s special is that if you hold GFUN tokens, you can use them on the ZOMIA Gold Exchange to buy physical gold at discounted prices—up to 30% off.

So, its core scenario is to make gold investment more convenient and flexible, while also providing financial support to gold producers.

Project Vision and Value Proposition

The vision of the GoldFund project is to connect the “stable ship” of gold with the “agile speedboat” of cryptocurrency, allowing more people to enjoy the stable value of gold while experiencing the convenience of digital assets.

The main problem it aims to solve is: traditional gold investment has a high threshold, making it difficult for ordinary people to participate; while cryptocurrencies are flexible but highly volatile. GoldFund hopes to use GFUN tokens to let everyone invest in gold with smaller units of capital, lowering the investment barrier so gold investment is no longer exclusive to the wealthy. At the same time, it provides much-needed funding to promising gold mining companies, helping them extract gold from underground.

Compared to similar projects, GoldFund’s uniqueness lies in not just mapping gold’s value onto digital tokens, but also building an ecosystem that directly collaborates with gold producers and offers channels to buy discounted physical gold with GFUN tokens. It’s like having a membership card that lets you both trade and buy gold at a discount.

Technical Features

GoldFund is a project built on blockchain technology. Its GFUN token is deployed on the Ethereum blockchain, meaning it follows the ERC-20 token standard. Simply put, Ethereum is like a massive public ledger, and the issuance, circulation, and transaction records of GFUN tokens are securely recorded on this ledger, with the security and immutability guaranteed by Ethereum’s consensus mechanism (currently Ethereum’s Proof-of-Stake).

GFUN tokens can be traded on cryptocurrency exchanges, with instant settlement and simplified conversion to local fiat currencies. Additionally, GoldFund has launched its own GoldFund Exchange, supporting ERC20 token listings and enabling direct trading between gold and cryptocurrencies.

Tokenomics

The GFUN token is the core “fuel” of the GoldFund ecosystem.

Token Basic Information

• Token Symbol: GFUN
• Token Name: GoldFund
• Issuing Chain: Ethereum, contract address
  0x919D3a363776B1ceec9352610c82dfaf80Edc32d
• Total Supply: About 1.998 billion GFUN (some sources show 2 billion)
• Maximum Supply: 10 billion GFUN
• Current Circulating Supply: Different sources show discrepancies. CoinMarketCap reports a self-reported circulating supply of 178.93 million GFUN, Crypto.com shows 154.09 million GFUN, while Bitget shows 0 GFUN. Investors may need to verify these differences themselves.

Token Utility

GFUN tokens play multiple roles within the GoldFund ecosystem:

• Gold Investment: It is your digital certificate for investing in gold, allowing you to participate in the gold market with smaller units.
• Trading Medium: You can buy and sell GFUN tokens on major cryptocurrency exchanges for arbitrage or asset allocation.
• Discounted Physical Gold Purchase: This is the most attractive feature of GFUN tokens—you can use them to buy physical gold at up to 30% discount on the ZOMIA Gold Exchange.
• Funding for Mining: Funds from purchasing GFUN tokens are used to support gold mining companies, promoting more physical gold production.
• Staking Rewards: If you hold GoldFund NFTs, you can earn GFUN token rewards through staking.

Token Allocation and Unlock Information

According to historical ICO (Initial Coin Offering) information, GFUN token allocation is roughly as follows:

• Sales Portion: Seed round sale 8%, presale 14%, airdrop 2%, presale 6%, open presale 40%, ICO sale 30%.
• Use of Funds: Of the funds raised, 56% is for mining funding, 30% for project development, and 14% for operations.

Team, Governance, and Funding

Core Members and Team Features

The GoldFund project is backed by a team with extensive experience in capital markets and the mining industry. Core members include:

• Tim McKinnon: CEO, also founder of Revolution Metals Ltd, with rich experience in capital markets and IT solutions.
• Julian Malnic: Geologist and company founder/director, with extensive experience in mining.
• Gerard Farley: Experienced in capital markets.
• Tyson Leyshon: Responsible for business development.
• Yamei Wang: Geologist.

The team combines mining expertise with capital market operations, aiming to integrate traditional precious metal investment with modern digital currency.

Governance Mechanism

Currently, public information does not detail the specific governance mechanism of the GoldFund project, such as whether it adopts a DAO (Decentralized Autonomous Organization) model or how the community participates in decision-making.

Treasury and Funding Runway

GoldFund raised funds through an ICO (Initial Coin Offering), mainly to finance gold producers about to start production. In the 2018 ICO, the project’s soft cap target was $5 million, and the hard cap target was $100 million.

Roadmap

The development history and future plans of the GoldFund project can be traced back several years:

Historical Key Milestones

• February 2018: Cryptocurrency development, GFUN token begins integration into the blockchain.
• August 2018: GFUN enters the presale (PRE-ICO) phase, allowing early investors to participate.
• September 2018: GFUN cryptocurrency wallet and API deployment completed.
• October 2018: GFUN launches airdrop plan to build a user base.
• December 2018 - January 2019: ICO (Initial Coin Offering) conducted.

Future Key Plans

The GoldFund team states it is actively seeking partnerships and integrations to enhance the utility and coverage of GFUN tokens. In addition, the GoldFund Exchange is offering new ERC20 token listing services, aiming to facilitate more direct trading between tokens and gold.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and GoldFund is no exception. When considering GFUN, pay attention to the following:

• Technical and Security Risks: Although the project is based on blockchain technology, risks such as smart contract vulnerabilities and network attacks still exist. Also, the reported circulating supply of GFUN tokens varies across platforms, which may require further verification by investors to avoid risks from information asymmetry.
• Economic Risks: The price of GFUN tokens is affected by overall cryptocurrency market volatility and gold price fluctuations. Market recognition of GFUN’s value is currently low, and its market cap ranking is relatively low, meaning its price may be more volatile.
• Compliance and Operational Risks: Regulatory policies in the cryptocurrency industry are still evolving, which may impact the project’s operations and development. Additionally, during the 2018 ICO, there were reports that the team was unverified and there was no working prototype. Although this is historical information, ongoing transparency and actual progress should be monitored.
• Not Investment Advice: All information is for reference only and does not constitute investment advice. Be sure to conduct thorough personal research and risk assessment before making any investment decisions.

Verification Checklist

When researching the GoldFund project in depth, you can further verify and study through the following methods:

• Block Explorer Contract Address: Visit the Ethereum block explorer (such as Etherscan) to check the GFUN token contract address
  0x919D3a363776B1ceec9352610c82dfaf80Edc32d
  , and view token holder distribution, transaction history, etc.
• Official Website: Visit GoldFund’s official website
  https://www.goldfund.io
  for the latest project information, announcements, and updates.
• Whitepaper: Read the project’s whitepaper carefully, usually available on the official website, such as
  https://www.goldfund.io/docs/goldfund_whitepaper.pdf
  . The whitepaper provides more detailed technical, economic models, and vision.
• GitHub Activity: If the project has an open-source codebase, check its GitHub repository activity to understand the development team’s code update frequency and community contributions.
• Social Media and Community: Follow GoldFund’s official accounts on Twitter and other social media, join its community forums to learn about community discussions and project updates.
• Exchange Information: Check GFUN token trading pairs, volume, and depth on major cryptocurrency exchanges to understand its market liquidity.

Project Summary

The GoldFund (GFUN) project is committed to combining traditional gold investment with the flexibility of cryptocurrency through blockchain technology, aiming to lower the threshold for gold investment and provide financial support to gold producers. It offers a unique value proposition: GFUN token holders can not only trade tokens on exchanges but also buy physical gold at discounted prices.

The project team has relevant experience in mining and capital markets, and has completed milestones such as token issuance and wallet deployment in its early stages. However, investors should note that there are discrepancies in GFUN token circulating supply data, and its market value has not yet gained widespread recognition. In addition, the inherent volatility of the cryptocurrency market, regulatory uncertainty, and some early risk warnings (such as unverified team and lack of prototype) should be fully considered.

In summary, GoldFund offers an interesting attempt to combine precious metals with digital assets, but like all cryptocurrency projects, it comes with both opportunities and risks. Before making any decisions, be sure to conduct comprehensive personal research and risk assessment. The above information is for educational purposes only and does not constitute investment advice.