Quentin Bignon: Removing the Cap on the Foundation’s GOLDX Endowment

token gold finance cryptocurrency

Gold endowment to the Foundation is now uncapped!

The HelloGold Foundation is pleased to announce that HelloGold Sdn Bhd will now endow 10% of the administrative fee income generated from the gold under management to the Foundation! The AUM limit to the endowment is effectively being lifted.

Gold endowed to the Foundation is used at the discretion of the Foundation in the manner it deems best to further its objectives. To date, the Foundation has distributed all of the GOLDX it has received to HGT holders to promote the GOLDX brand and the use of tokenised gold, as it believes this new and convenient form of holding the world’s oldest and most trusted store of value is key to achieve fair and durable financial inclusion.

Removing the Cap on the Foundation’s GOLDX Endowment was originally published in hellogold on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: Quentin Bignon at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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