Global Future City Holding, Inc., has announced the initial issuance of GX-Coins and wallet funding which is set to begin on April 4th 2016 for Great Coin, Inc. Great Coin is the licensor of blockchain-based creation and trading technology for cryptocurrencies, such as GX Coin, which is wholly-owned by the officers and directors of the Global Future City Holding, Inc.
Beginning April 4th, account holders of Great Coin can request funding for their accounts. Great Coin will credit the wallets for those account holders after their funding requests are processed. Once funded, the account holders will be able to use them to acquire and trade GX-Coins on their own timeline and will begin to see the coins and dollar balances reflected in their accounts.
Members of GX-Life Global, a wholly-owned subsidiary of the Company, have started converting their membership points into GX-Coins from March 31st, and can expect the GX-Coins to be deposited in their wallets by April 12th. The trading of GX-Coins is expected to commence late-April 2016.
Ning Liu, CEO and President of the Global Future City Holding, Inc., stated, “We are all very excited about the imminent launch of the Great Coin trading platform and commencement of GX-Coin trading. With the introduction of GX-Coin as an additional incentive for our marketing program, we believe we are creating a unique compensation structure for our members, focusing upon the convergence of consumer product marketing, crypto-currency and online trading platforms. We believe that this will position our company to grow our sales of products, provide expanding support and exposure to our members and their marketing efforts, and give us a competitive advantage in reaching industry sales leaders.”