Access to funding for small enterprises in less economically developed and newly industrialized countries is extremely limited. Banks often charge large interest premiums and use inappropriate loan assessment criteria for businesses in such localities. Traditional venture capital organizations often employ stringent criteria, which are rarely met by small organizations. After recognizing the opportunity for such entities to connect with a growing currency system, Geneviève has brought cryptocurrency to small businesses and their communities in the form of Geneviève Geneviève VC (GXVC).
GXVC is a venture capital cryptocurrency that offers exposure of the underlying venture equity to its token holders. Token sale proceeds are injected as seed capital into small businesses. Financial analysis assesses investment feasibility. Investment ventures are selected democratically from a shortlist by token holders through Geneviève’s DAO. Investment returns are proportionally distributed quarterly to all token holders as dividends.
Geneviève’s goal is to ethically invest in up to 150 small businesses by the end of Q2, 2018 in the Ivory Coast; Geneviève has formed a partnership with the state government of Africa's fastest growing economy to facilitate such objectives and has found support from West Africa's stock exchange, BRVM.
By adopting smart money principles, Geneviève will fund business ventures globally to catalyze growth, offering GXVC as a medium of value exchange and as a storage of economic value. Such adoption, coupled with a limited token supply, will result in valuation premiums, furthering Geneviève’s investment capacity. Dividend returns from ventures will facilitate token buybacks, reducing the supply, further inflating the price. As Geneviève’s investment capacity increases, distributed dividends to GXVC holders will proportionally increase. This will further increase demand for GXVC. We strongly believe that such economics will offer lucrative investment returns to all GXVC token holders. Geneviève is confident that the upcoming token sale campaign will facilitate realization of our ambitions to build such an ecosystem.