PHI Group Inc (PHIL)

[MasterFeldan]

GILDEX


Here's the original token tracker.

https://etherscan.io/token/0x25098b72c4f6f98e503a46380753237e242a2564

Here's the webpages. Don't expect anything.

https://gildex.io/
https://gildex.net/

Here's the white paper. It is a PDF download. It's safe.

https://gildex.net/?smd_process_download=1&download_id=206208

All credit to CAHalamoutis





Short answer: You can't buy it. Yet.


Long answer: Bear in mind this was years ago and my memory isn't THAT great.

Gildex was something that was a whirlwind of excitement when it was being created and a lot of it was being developed while Henry was still trying to put it in motion. We were trying to run before we learned to walk.

Initially, when we were going to get the APR dividend, it was going to be in shares. Then we were supposed to be getting the dividend in Gildex coins instead. But the coins and the shares were supposed to be different aspects of the same company. Meaning... APR was going to be a publicly listed company that traded in shares on the market. But it was also going to sell tokens that would represent something like one ounce of gold for every token.

This was BIG at time and still is... but I think a majority overlook how big this really is. What you have to understand is that MOST cryptos... are just scams or trendy or whatever. Gildex is one of very few that will actually be backed by something of real value. It will never go below a certain price because it will always be backed by gold and gold will never be without worth. The bare minimum value of Gildex would always be intrinsically linked with the current rate of gold per ounce. As of right this second, the rate is $1,770.75. On top of which, supply and demand kicks in. There will be a finite amount of coins - specifically 600,000,000. Just like a stock... when the float is gone, and people are itching to buy that token, the token is going to rise in price beyond just the current rate of gold per ounce.

That's all well and good. But here's where a majority of us misunderstood the gravity of what's going on here. If Henry gets done what he wants to get done...

then it's BIGGER than just the coin.

Gildex.

Gild = to cover thinly with gold
Ex = short for exchange

In other words, and the white papers confirm this, Henry's intention was to create an exchange for trading gold. His diamond in the rough, if you will. The token was supposed to be a marker. Like how a dollar used to be a marker for it's value in gold.

On top of which... We know Henry acquired a fintech company. We know he was working on blockchain. That takes time. Resources. Manpower. Lots and lots of work. Lots and lots of cross checking. It's not an overnight thing. You mentioned Safemoon. They've been working on theirs for months and they still have months to go. I think right now they have 50+ programmers working on it. My point with this is that you don't just develop a blockchain and not use it. Or limit yourself to ONE token. If you have a blockchain... and you have an exchange... you tend to list multiple tokens.

So my theory is that the Gildex exchange would extend beyond just Gildex tokens. That may seem obvious to some. Obviously you weren't in the majority like me that overlooked that.

I'm copying and pasting this part from my post on another board and swapping out the name because the theory applies here too.

"Gildex Exchange. Gildex being able to sell crypto... not just Gildex... but OTHER crypto on their exchange... That will generate a continuous profit. Binance has an average daily income of $3.48 million. That's roughly $1.27 billion a year just for Binance. A study in 2018 showed that the top ten crypto exchanges had a similar haul. Imagine how much we could pull in when Gildex is able to be accessed by the population of 180+ countries directly? And how much our token holder base is going to grow once it gets up and running? And how those same users don't even have to buy just Gildex? We would also be appealing to users of other crypto as well!"

In other words... APR with its shares... Gildex tokens... a blockchain exchange selling not just Gildex but potentially other tokens?

$ BILLIONS

PROVIDED that is actually what Henry had in mind and that he still intends to follow through with it.

It's a lot of work and a lot to do especially with all of these great catalysts that we have going on. All I'm saying is that this is what was about to happen three years ago. And the playing field has changed a lot since then.

Part of the problem was funding. We didn't have the income to do what we needed to with APR. We need to survey, do some core samples, ship in equipment, hire personnel, etc. It must be frustrating to literally sit on a gold mine worth hundreds of millions of dollars and not be able to afford to dig it out.

The other part of the problem was that tokens at the time were not really regulated by the SEC. They still actually aren't. They aren't traded on the market and you don't have to report back to the SEC. But with SECURITIES you do. And that's what the token was regarded as by the SEC. Which means it would fall under heavy regulation. I vaguely remember that Henry had to delay the project because he had to try to convince the SEC that it wasn't a security. At that point, he froze the purchase of all tokens. And he never convinced them.

The OTHER part of the problem was that you need to have an exchange willing to sell your token. Otherwise it's like trying to sell a stock without being listed on the stock market. Henry was basically selling vouchers for a voucher. They're not listed on an exchange right now,

The OTHER OTHER part of the problem was that Gildex was never sold in the US. It was only sold overseas. It angered a lot of us. I vaguely recall it being sold initially in phases. There was some kind of a countdown clock. Phase one was if you bought coins in pre-order, you would get bonus coins that were worth more. Phase two was you'd get half the amount of bonus coins. Phase three was you don't get any bonus coins and it was open to all that could buy it. I don't think I mentioned this before but Gildex wasn't just one coin. There were different levels of coin. I'm not sure what the levels did to be honest. All of that was on the website that is "under construction" now.


As it stands now, when the APR divvy comes out... we really don't know how it's going to happen anymore. We know the ratio (20 shares of PHIL will get you 1 share of APR) but are we just getting shares? Or are we going to be getting tokens? Both?


But regardless, this could be much bigger than anyone is aware. We just have to wait and see what Henry does with it. Don't expect it anytime soon. Henry has a lot on his plate right now with ADE, the Lux Fund, the VN PPPs, etc. This is just another potential avenue.