PHI Group Inc (PHIL)

[Ardbeg]

That is not accurate because crypto exchanges are just that... an exchange - where a group of current cryptocurrencies trade and GILDEX is not going to be a cryptocurrency trading exchange.

GILDEX will exist as a token: (and therefore it has to build on top of the architecture of an existing Altcoin (either Bitcoin derived or Native Blockchain such as Ethereum Ripple etc)

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradable, from commodities (Gold!) to loyalty points to even other cryptocurrencies.

"Besides the imminent circulation of Gildex tokens in connection with the American Pacific Resources, Inc.’s underlying gold assets"

https://globenewswire.com/news-release/2018/03/22/1444643/0/en/PHI-Group-Engages-Renowned-Consulting-Firm-to-Assist-in-Deployment-of-Blockchain-Technology.html

So the Gildex token is representing the gold asset.

$PHIL