E-Auctioning the Olive Oil & Fruit and Vegetables Greek market.
TOKEN (GFC) is one development and implementation of Next Generation E-AUCTION infrastructure in Greece for Fruits & Vegetables and Olive Oil, and sync with a Commodity Exchange market for FUTURES contracts based on cryptocurrency as well.
Email: [email protected]
Technical contact: [email protected]
Telegram: GFC E-AUCTIONS
GFC TOKEN SALE
Token release to all users who are confident to handle ERC 20 tokens: 05 March onward. Exchange listing on IDEX, HitBTC and other major exchange markets in a 60 days period.
WHAT ARE THE MAIN ADVANTAGES OF GFC E-AUCTION NETWORK?
GFC National Agri-food e-auction platform (NAP) is a unique initiative established in Greece. It integrates & coordinates the actual Agri-food spot markets with the nationwide network of product supply, cold storage logistics, SPs, CQ agencies and Transport companies to provide rapidly the best quality product at your doorstep.
GFC e-auction platform will be a huge step to empower Greek farmers. Traders will bid online from anywhere in the world and farmers & farmer’s association will have secure product flow and a fair price for their products. This will lead to “scientific” price discovery by the farmers themselves, breaking the hold of middlemen.
The new online National Agricultural Platform (NAP) of GFC will allow the GPs (Group of Producers) to access directly International markets and to create economies of scale, increasing their sales & profit without the risk of capital, and contributing to the quality and packaging process. The new online sales platform will allow growers to focus exclusively on their production and invest in new opportunities in the fields of cultivation, sustainability and quality, having secured the flow of their products. Its members will be able to benefit from economies of scale, and make better use of marketing.
HOW MUCH TOKENS ARE FOR SALE?
We are selling 50 Million GFC Tokens.
No hard cap: 25.000.000€. No soft cap.
WHAT IS THE GFC PRICE?
1 GFC is 0.0005 ETH or equivalent in €
Token price for initial week launch 05.03.18 to 25.03.18 will have a 20% discount.
Price value of first week ITO: 0.0004 ETH / GFC (buy) and 0.00036 ETH / GFC (sell).
After the 25.03.2018, GFC Token price will be 0.0005 ETH.
Price in eur must be calculated based on ETH fluctuation.
WHAT WILL BE THE TOKEN NAME FOR GFC E-AUCTION PLATFORM?
The token name/ticker will be GFC.
I WOULD LIKE TO PARTICIPATE IN THE TOKEN SALE - HOW TO PROCEED?
Investors can purchase GFC by sending ETH to contract address: 0x4c2e198CF5Ee4Ca4d6e9e0C1B2b954f9101c7FC1 in order to buy GFC.
Token Sale is ongoing till 20 March 2018. Do not send ETH to address seen on messages or chats, emails, social network pages etc.
The following wallets are known to be compatible with Ethereum tokens (ERC-20 standard): MyEtherWallet (no download needed), MetaMask (Firefox and Chrome browser addon), Mist (Desktop).
From United States of America, only accredited investors are accepted.
WHAT ARE THE ACCEPTABLE CURRENCIES?
ONLY ETH accepted because it runs on the ETHER blockchain.
I WOULD LIKE TO PARTICIPATE BUT I DON’T HAVE ETH OR BTC??
You can purchase tokens using Bank Transfers GFC will have to simulate the transaction in ETH from the account, and then transfer the tokens to the client
Bank Transfers to Buy GFC Tokens can take up to 7 days to come through.
IS THERE ANY LIMIT TO PARTICIPATE?
There is no minimum limit.
WHICH EXCHANGE RATE DETERMINES HOW MANY TOKENS I GET?
1 GFC is 0.0005 ETH or equivalent in €.
Week 23.02.18 to 03.03.18 Token price is 0.0004 ETH / GFC (buy) and 0.00036 ETH / GFC (sell).
From week 02.03.2018, GFC Token price will be 0.0005 ETH / GFC.
Price in eur must be calculated based on ETH fluctuation.
WHEN AND HOW WILL GFC TOKEN BE DISTRIBUTED?
Tokens are transferred directly into your wallet.
WHERE WILL I RECEIVE MY GFC TOKENS?
You will have to provide your own ETH wallet address in which you receive your GFC tokens. For Payments made through the supported Ether wallet, Tokens will come directly into your Ether wallet.
WHAT HAPPENS TO UNSOLD TOKENS
Unsold tokens remain in the smart-contract in the owner address.
WHICH EXCHANGES ARE GOING TO LIST GFC TOKEN AND WHEN?
IDEX will be the first.
We cannot influence the decision of exchange listing. The usual exchanges where tokens are listed are Bittrex, LiveCoin, Bitlish, Space BTC, ETHDelta, HitBTC ….
IS THERE ANY OTHER TEAM INVOLVED IN CONDUCTING THE TOKEN SALE?
To make sure we have a considerable amount of experience and knowledge of the ICO process for security, token distribution and getting listed on exchanges we have selected Bitcoin Startup Capital SA (Spain) as our ICO partner.
Legal services for the GFC Tokens sale are handled by DRAKOPOULOS LAW FIRM, ATH www.drakopoulos-law.combased in the Athens,Greece.
WHAT WILL THE FUNDS ARE USED FOR?
Token Distribution Revenues generate from the crowd Token ICO will be allocated to the Company for initial CAPEX, installation & financing of the new infrastructure, investments and fixed costs. IT services, Aucxis Software/Hardware, ATH Master auction Dealing room & Offices, logistic center/cross-docking in EU, Marketing promotion, GFC Web portal with Multi Trade features, interlinked with the regional TMCs, application of CMO Operational program, initial OPEX at 1st phase, and future use for further business & platform development, like application of Invoice Finance tools ensuring to the Sellers on the platform seamless and daily clearing of transactions (eg. cashaa & Populous), optional installation of BTC/ETH ATM & information service points/NTW for facilitating transactions between stakeholders across the Nation as well as for supporting FUTURES Crypto Commodities contracts, and the Integration of Smart Tag, Tracers and (bio)Sensor Systems (Aucxis, Ambrosus) for the assurance of food quality and healthiness.
BY WHEN GFC TOKENS WILL BE LISITED ON EXCHANGES?
We have listed GFC tokens on the IDEX Exchange, ongoing from 23th February 2018.