IMPORTANT INFORMATION
The positions and plans outlined in our Telegram Groups and Channels may be altered without further notice as the project matures and progresses. We do our best to reflect the current state of development as far as currently practical.
Please make sure to visit the official CoinXion updates page at https://t.me/COINXION_UPDATES for any official news.
Additionally, follow our social media:
Twitter: https://twitter.com/coinxion
YouTube: https://www.youtube.com/coinxion
Facebook: https://www.facebook.com/coinxion

1. What is CoinXion? (The phonetic pronunciation is coyn-ex-shun)
The CoinXion Platform is a multi-function e-commerce platform, similar to Ebay or Amazon, however it does not accept credit cards or fiat currency. It is 100% cryptocurrency-based. CoinXion will accept 30+ cryptocurrencies and have its own fuel token that is pegged to the value of 1 gram of gold.
Incentives have been built into the platform for sellers, consumers and marketers, and they will encourage the use of the CoinXion platform while helping to boost blockchain technology and support the industry. There are many aspects of the CoinXion platform that make it unique. Full details will be available in the White Paper when released.

You can watch our CoinXion teaser video at: https://www.youtube.com/watch?v=zuzwTs6yslM

2. Why and how is the new token pegged to a gram of gold?
By having our fuel token pegged to the price of 1 gram of gold, CoinXion effectively removes volatility from the market. This will have far-reaching consequences for many industry sectors. Although many have pointed out the profit to be made if the developers were to exceed this value, it is societal change, not profit, which they are seeking. One of the inevitable impacts of CoinXion is a resolution of people’s hesitancy to sell stable goods against wildly fluctuating values, which has until now held back the global progression of cryptocurrency and the everyday use of decentralized processes.

The CoinXion fuel token’s value will be established by a consensus of merchants, service providers and users of the platform agreeing to the pegged value. Transactions on the platform will establish precedence enforcing the protocol which is hard coded in to the platform. Please note that ‘pegging’ does not involve the acquisition of the physical commodity. More information on this process will be released when our White Paper is made public.

3. Why is news about CoinXion only beginning to filter out online now?
The CoinXion project was privately funded so no ICO was necessary, eliminating the need for mass promotion and hype that normally goes with many coin offerings.

As a start-up, CoinXion has taken an evolutionary step beyond ICOs. A fully self-funded platform, already built and supported by philanthropists and a passionate community, CoinXion enters Pre-Launch with a different agenda:

–We started out by choosing an abandoned, outdated cryptocurrency - GCR, that dropped the ball and failed to serve the cryptocurrency community that supported it.
–We then encouraged everyday people - via community channels, free of arbitrage or market manipulation - to buy GCR coins at affordable prices in the lead-up to our launch. This commenced in 2016, under the radar, concentrated in developing countries, when GCR prices were as low as 1 cent, right up until their current price.
–We are now in the process of preparing this underground community for a one-to-one coin swap between GCR and 105 million of CoinXion’s CXL tokens, each pegged to the price of 1 gram of gold, to help disperse tokens and prosperity throughout the community fairly, and to encourage worldwide platform use right from Launch Day.
–The following step will involve putting the abandoned cryptocurrency, GCR, into cold storage in publicly-known, transparent addresses with the private keys destroyed, deeming it unusable and unretrievable, effectively removing it from circulation.
–And finally, everyone will buy, sell and wish for almost anything they could want, in a secure, stable ecosystem, built for COMMUNITY.

Until our platform is ready to be revealed to the public, we have no reason to advertise the way many cryptocurrency start-ups do.

4. How does GCR relate to the new project?
There is no official connection.
The team behind CoinXion IS NOT the team originally behind the GCR coin nor are they involved with the lack updates to the utility or communication.
GCR was originally intended to be the fuel token on the CoinXion platform for the sole purpose of creating a demand and value for the GCR coin, but with technological advancements CoinXion will now issue an ERC20 compliant token as the platform fuel. GCR coin holders will be able to exchange their coins at a ratio of 1:1 with the new token. This exchange process will be available for 24 months from the date that CoinXion launches after this period GCR will no longer be supported by CoinXion or accepted on the CoinXion platform.

5. Where can you buy GCR coins?
Exchanges that list the GCR coin can be found at Coin Market Cap > Markets Tab. https://coinmarketcap.com/currencies/global-currency-reserve/

6. What is the current price of GCR?
You can convert BTC or USD to your own currency in Google. (For example, to convert $0.51 USD to South African Rand [ZAR], you would type "0.51 USD = ZAR" into Google for an approximation.)

Or check https://coinmarketcap.com/currencies/global-currency-reserve/

7. What is the long-term aim behind CoinXion?
CoinXion will first enter the market as a basic web-based platform utilizing the Ethereum platform to get merchants and consumers familiar with the concept of purchasing products with cryptocurrency.
Our team is currently expanding with advisors, programmers, security specialists, and industry members to facilitate our move to the next level where we can produce an autonomous, decentralized blockchain version of our platform. Development of our Dapps and own blockchain is scheduled for Q3 2018.
The “Goal” of CoinXion its underlying philosophy is for it to be owned and powered by ‘the people’ like Bitcoin itself, existing in a decentralized state as a market that supports itself and is not owned nor manipulated by any centralized party. The development team view themselves only as custodians until that day arrives, hence are building the CoinXion community around a shared vision focused on transparency, scalability, privacy and trust.

8. Will there be an ICO?
The Phase 1 development did not require an ICO for Phase 1. The project was privately funded, hence the lack of publicity regarding the project. CoinXion remains a private endeavour shared only with our current community members until now.
More information on opportunities that exist to be involved in Phase 2 (Development of our Dapps and own blockchain in Q3 2018) will be made available at launch.

9. Will there be mobile apps available?
Yes, both Android and IOS mobile applications will be available. Complete details will be available at launch.