Invest - Terms of Offer
The Company: Phinance.Gold LLC, a Nevada Limited Liability Company.
Nature of offering: Private ownership interests in the Company
Type of Shares: General shares with full voting rights, all shares are equal, and there are no separate classes.
Offering size: 10% of the company as represented by 100k out of one million maximum shares.
Issue Price: $10 Per share, minimum of 1000 shares per investor.
Capital basis: Speculative. This is our initial offering. However, the application (PhiPay) and collection of smart contracts deployed to the blockchain are already in the beta phase and are poised to enable the sale of real vaulted gold within the next quarter. Contracts with authorized dealers, and vaulters are already secured.
Investment Purpose: To raise capital for the development of the PhiPay application and the acquisition of reserve assets to mint the supply of the PhiGold token.
Anti-Dilution: The operating agreement defines a total of one million shares maximum. LLCs can only have 100 total investors; any corporate reorganization would be subject to investor vote and input.
Why "Phinance"?
The Greek Letter Phi Φ represents the “Golden Proportion” associated with the Fibonacci sequence. It is the most abundant proportion found in nature, and is considered a divine ratio by which we subconsciously judge and perceive beauty in the world around us. By combining Finance with Gold, we believe that we unlock the beautiful proportions of a monetary system with all the flexibility of modern finance and the stability and reliability of Gold. It is the perfect balance of form and function.
Why use the Gold Dollar?
Gold is the most stable monetary unit in the world. It is the only money that has been used for over 5,000 years. It is the only money that has never been debased. It is the only money that has never been devalued.
The Gold Dollar is created by the U.S. mint, and as such enjoys the full protection and backing of the U.S. Government. More stable and inflation resistant than the Federal Reserve system, Gold Dollars are real gold coins. The Gold Dollar is legal tender. This makes it possible to transact on the Gold standard today! By using the Gold Dollar, Phinance.Gold is set to become the recognized international standard among all currencies worldwide. More secure and with more real intrinsic value than a U.S. Treasury Bond, it is now available through Phinance.gold to everyone from the smallest gold stacker to the largest financial institutions in the world. It can be used for any purpose from reserve holdings to transactions between individuals and businesses.
Why use a Crypto/Blockchain?
The PhiPay app leverages the Blockchain to store ownership information in a way that makes it essentially impossible to hack or defraud the system. By putting gold on the blockchain Phinance.Gold can guarantee secure transactions and serve as an insured financial instrument. Our first-of-its-kind system allows your Gold to be vaulted, insured, and audited, with the immutable backing of smart contracts to guarantee that your ownership cannot be faked or altered. The peace of mind that this level of security and ownership brings is something no bank can offer you. PhiPay enables the secure transfer of digital or physical assets quickly and easily.
What does it mean that it is Peer to Peer?
What we mean by "Peer-to-Peer" transactions on our network is that all your gold assets are retained in self-custody through public/private key cryptography. You hold your own tokens in a self-custody wallet, and only you have the ability to transfer ownership of those tokens to another wallet. All transactions take place between you and the individual using our smart contracts hosted on the Polygon blockchain. Our app adds value through abstracting away some of the complexity involved in self-custody Web3 wallet management/usage, and enables you to interface with the empowering features that the blockchains offer in a way that feels familiar to the average internet user. In using this system, users can avoid many of the censorship risks associated with traditional banking and most payment processing services. Using this system, no institution can take your gold-- it belongs to you!
What are the risks?
We offer a sliding scale of options to meet any appetite for risk or growth. On the most speculative side we are offering equity in the company by selling stock for the startup phase. At the most conservative and risk averse we can sell you gold which we will insure and vault, or we can even simply send to you by insured courier. If you would like a middle approach we are asking for investors in Gold Dollars to lease us a portion of their holdings by depositing their funds with us to grow the market share, and then sharing the profits of our transactions with them. We can diversify your risk at any amount, in any proportion, from a few dollars to a million dollars or more.
Reach out!
For more information, feel free to reach out to our legal counsel, Benjamin Shaffer, at benjamin@phinance.gold