The GenXYZ Token foundation is focused on impacting business owners by assisting in the creation and development of their businesses. We hope that being an asset for businesses we can create a domino effect of inspiring others to chase entrepreneurial success. As a foundation we are focused on leveling the playing field and bridging the gap between big and small businesses.
What does the GenXYZ Token Foundation Do:
The GenXYZ Token Foundation offers small business loans to new and small businesses in the non-traditional lending way. It offers any entrepreneur the ability to borrow money using their GenXYZ Tokens as collateral. There is no age restrictions in terms of who can obtain the small business loan. The requirements vary if you are younger than 18 years old.
The GenXYZ Token Foundation also does educational teachings on cryptocurrency for those minorities interested in learning more about it. In addition to offering small business courses on how businesses can benefit from not only GenXYZ Token but also other crypto-currencies and implementing as such into their business structures.
GenXYZ Token Foundation Small Business Lending:
GenXYZ Token small business owners and holders now have the ability to use their GenXYZ Tokens as collateral to obtain a small business loan from the GenXYZ Token foundation. The loan is guided by the value of the GenXYZ Token so it is important that you apply early on if needing a large amount for your small business. There will be max caps on the available amount of funding available per quarter to new or current small businesses based upon the liquidity, supply and value of the GenXYZ Token.
The GenXYZ Token foundation does not require a credit check or financial statements to validate or approve a loan. It is solely based on "how many" GenXYZ Tokens you have and the amount of funding available in the market.
Step 1: Apply for GenXYZ Token Foundation Small Business Loan Step 2: Submit Application on Website Step 3: Approval or Denial sent via Email
Example of Funding Request:
Small Business applies for GenXYZ Token Foundation Small Business Loan of: $35,000.00
Small Business owns: 800,000 GenXYZ Tokens
GenXYZ Token Value: $0.08 cents
GenXYZ Cash Holding Value: 800,000 x 0.08 =$64,000.00
GenXYZ Application Approved
GenXYZ Tokens on escrow from applicant or small business is 25%. 25% of 800,000= 200,000 GenXYZ Tokens
200,000 GenXYZ Tokens= $16,000.00 in escrow
Applicant sends the GenXYZ Token Foundation 200,000 GenXYZ Tokens to the dedicated escrow wallet
Applicant Receives: 437,500 GenXYZ Tokens from the GenXYZ Token Foundation= $35,000.00
The loan is interest free for the first 2 months and no payments are required. It is an interest only small business loan until repayment in the form of an installment loan. The interest rate is a stable 1% and is an automatic fixed payment that never fluctuates. Or you can opt in to pay no interest on the loan and stick to a fixed payment amount but your time to repay as such will be a 1 year, 4 year , 7 year and 10 year loan. The amount of money you borrow determines the repayment years for the small business loan that will be included in the offer letter sent by GenXYZ Token Foundation that the applicant will have to approve.
For the above $35,000.00 small business loan with a fixed rate of 1% ,the small business owner after two months will be paying $350.00/ Month until the loan is fully paid off.
If no interest is selected the offer letter will include the 4 yearly options offered for the applicant by GenXYZ Token Foundation. The foundation will tell the applicant which loan approved for.
Small Business Loan Amount: $35,000.00
1 Year: $2,916.00 a month
4 Year: $729.00 a month
7 Year: $416.00 a month
10 Year: $291.00/ month
After full repayment of the loan the applicants or small business escrow is released and returned back to them. We do not keep the Escrow unless it is for repayment of a defaulted loan.
What is it?
PostChex LLC is the parent company to the GenXYZ Token Foundation. It is the distribution and verification company for the GenXYZ Token. It assists businesses in rewarding and supplying its GenXYZ corporate tokens to their consumers for them through PostChex LLC if needed. Until businesses get acclimated to the integration of the GenXYZ Tokens and cryptocurrencies in general Post-Chex LLC offers verification and distribution services for businesses who purchases its services.
How Does It Work?
Step 1: The business purchases Post Chex LLC distribution and verification services for its consumers/clients Step 2: As consumers and clients leave reviews about the business products and services Post Chex LLC verifies the review Step 3: After verifying the review from the consumer PostChex communicates with the small business owner to ensure legitimacy Step 4: PostChex LLC then sends the consumer their allocated amount of GenXYZ Tokens that the business has confirmed to offer consumers who leave reviews Step 5: PostChex LLC then confirms with the business that the GenXYZ Tokens have been sent to the consumers wallet
Important: The consumer must follow the steps given by the business or the GenXYZ Token Foundation in order to receive the tokens. If a wallet is not created there is no way that Post Chex LLC can distribute the consumers its GenXYZ Tokens.