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FAQ (Frequently Asked Questions)
Who owns Guapcoin?
Guapcoin is owned by each and everyone of its holders and adopters - essentially its COMMUNITY. Guapcoin is a cryptocurrency, a decentralized form of digital money.
If something happens to my wallet who do I go to?
That depends on what wallet you use. Anyone can create a Guapcoin wallet or add Guapcoin to its existing wallet software. If you are referring to one of the wallets listed under our official wallet page there are a few places you can go.
Masternode is defined as a governing hub in some cryptocurrency networks. It requires an initial collateral of tokens (or a “stake”) to operate. You can acquire the necessary collateral for a Masternode by accumulating 10,000 $GUAP or by purchasing a fully hosted and managed Masternode from www.guapnodes.com .
If I lose my private key can I recover access to my $GUAP?
Only with our official mobile wallets. If you have a paper wallet or a desktop wallet and lose access we cannot recover your funds.
How can I make money with $GUAP
$GUAP is a form of money. You can trade $GUAP on various markets and possibly gain or lose whatever currency is traded against it ( ie. USD ). You can earn MORE $GUAP by staking (saving) and earning interest or earning more coins with a Masternode.
Is my $GUAP secure?
As long as you do not share your PRIVATE key with others it is very secure. The only thing you can share publicly or with others is your PUBLIC key ( essentially your Wallet Address ).
What is $GUAP backed by?
The same thing many currencies ( especially cryptocurrencies ) are back by - the community that believes in its value.
What is the benefit of Guapcoin?
Guapcoin has many benefits, especially for economically disadvantaged communities. Here are a few:
It's decentralized, so no matter what happens to a country, nation, state, or locale - commerce between the people can still continue without disruption.
It gives us a viable OPTION in dire economic times.
It allows us to track and view our collective spending power
Its building an affinity network for black-owned businesses.
How to convert USD (Dollars) to Guapcoin ($GUAP)
How to create extra and offline wallet addresses
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