Pursuit 180 | FAQ

Frequently Asked Questions

1.  What does it cost to join Gold CrowdFunding?

●  You can enter your project with Gold CrowdFunding for free and refer as many people as possible to your website in order to hopefully donate at least $10.00 to your project.

●  While you can participate in Gold CrowdFunding for free, it is highly recommended that if you do not recognize value in our platform to feel good enough about donating at least $10.00 to your referrer’s project, this might not be the right platform for you.

2.  Are you required to have a Project to participate in GCF?

●  Yes, that is the entire purpose of every crowdfunding platform.  Also, without an appealing and compelling project, you greatly lessen the likelihood of people donating.

3.  What kind of fees does Gold CrowdFunding charge?

●  None.  100% of all donations are distributed to qualified projects participating according to the Donation Distribution Formula in the Stairway To Freedom platform.  Learn how the Stairway To Freedom platform systematically distributes funds to the participants. (click ➤ ENGINE).

4.  How can Gold CrowdFunding operate if 100% of the donations are distributed and there are no fees?

●  Gold CrowdFunding participates in the Stairway To Freedom platform the same way all the participants do.

5.  Does a project have to reach a stated goal to actually receive donations?

●  Absolutely not.  While some crowdfunding  platforms do only actually distribute donations if a specific goal is reached within a specific number of days, Gold CrowdFunding distributes the donations as they are received.

6.  How often and when are the donations distributed to the various projects?

●  The funds are distributed to the various projects immediately upon receipt.

●  Funds are available for withdrawal upon request, allowing only for processing time, typically a few days, as is the case with all crowdfunding platforms.

7.  How do I know my project will receive donations?

●  You don’t.

●  If you study the Donation-Sharing Process, you will see that the only way you will receive donations is to solicit donations for your project just as is the case with every other crowdfunding program.

●  What makes Gold CrowdFunding truly unique is that, by encouraging others to bring their own projects to Gold CrowdFunding, you enhance your opportunity to grow donations to your project.

●  Like most things in life, if you do nothing you will get nothing!

8.  Is this a “gifting program”?

●  All crowdfunding programs are gifting programs in the sense that the very purpose of the platform or program is to receive financial gifts or donations from “the crowd,” a large group of people.

9.  Gold CrowdFunding makes no representation that your project will receive a single donation.

●  Nevertheless, Gold CrowdFunding is structured to offer you as much support in your project as possible. However, when humans are involved, results will vary markedly.

10.  May I refer friends and acquaintances anywhere in the world?

●  Yes, provided the laws of the Nation where they live permit them to make donations.  Gold CrowdFunding is committed to complying with all state and federal laws and regulations of every other Nation where Gold CrowdFunding members live.

11.  How does the company make money?

●  In the same way you do; it participates in the Donation Distribution Formula and receives donations.

●  It also benefits from orphan donations.  Whenever a member is not qualified to receive a Bronze through Elite donation, such donate bypasses that member and it flows up to the company (a process known as “Breakage”).

12.  How do I know the gold is in the vault?

●  At least once every three months, an independent auditing firm will audit the physical gold and report on its presence to the members.

13.  Do merchants accept NoFiatCoins for goods and services?

●  NoFiatCoins are primarily traded and exchanged on in the international digital networks such as www.ripple.com the same as BitCoin and the approximately 300 other international digital currencies.  LINK

●  BitCoin is being accepted by more and more merchants, as it has become more widely recognized.

●  We hope, but cannot predict, that when merchants become more familiar with NoFiatCoins, they will accept them as payment, especially when they learn that it is redeemable in gold and silver.

14.  Is there a danger that Gold CrowdFunding could be used for illegal purposes?

●  Gold CrowdFunding reserves the right to ban any participant who uses its platform for illegal or inhumane purposes.

15.  What about taxes?

●  Gold CrowdFunding does not give either legal or financial advice.  Unfortunately, we’re unable to provide specific tax advice since everyone’s situation is different.  While this is by no means a guarantee, most donations are simply considered to be ‘personal gifts’ which are not taxed as income by most nations.  Additionally, only donations made to a legally registered non-profit or charity may be considered eligible for donors to claim as a tax deduction.  Again, every situation is different so please consult with a tax professional in your area.

16.  Does Gold CrowdFunding issue Form 1099 to the IRS to report my receipt of donations?

●  No.

●  Gold CrowdFunding does not actually pay anybody anything and, therefore, has nothing to report to IRS.

●  Gold CrowdFunding does not have access to the Social Security numbers of Americans and does not, therefore, have possession of the information required to submit 1099s to the IRS.

●  However, it is important that all members abide by the tax laws of their country.

●  Gold CrowdFunding does not intend to be a tax shelter or illegal tax dodge.

17.  Will Gold CrowdFunding permit minors to use its platform for their projects?

●  Yes, but only with the approval of their legal guardian(s).  Gold CrowdFunding feels that this is best for the security of the minor and the integrity of its platform.

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