Guncoin (GUN) is a virtual currency that began out of a love and appreciation of firearms, computing and investing.  That, along with extensive experience buying and selling firearms via online auctions such as Gunbroker.com, prompted us to come up with a better, faster and cheaper payment solution that could easily be adopted for all to use.  Thus, Guncoin was born.

Speaking from experience, when buying and selling firearms related goods, it is extremely hard to find a payment processor.  Unfortunately, the choices are very limited.  PayPal does not accept transactions for firearms in US Dollars.  BitPay does not accept transactions for firearms in Bitcoin (BTC) and most traditional credit card processors will not either.  While some 3rd party processors may, they do so only with an incredibly high fee (usually 25% or more).  Legitimate firearms businesses are being forced to close their doors because nobody will process their payments. Guncoin (GUN) will change all of that because it is decentralized – no single company controls Guncoin.  Additionally, transactions post almost instantly and are fully confirmed in just minutes.  Even more importanly – There are no fees!  So you wonder where Guncoin is going – this is it:

  • More Competition Drives Better Business – Currently there are relatively few successful online firearms auctions and firearms-related retailers.  One major reason for this is that it is incredibly hard to find a payment processor that will serve a firearms-related business. This has kept competition low and left the public with only a few online auctions and retailers and even fewer payment processors. Guncoin is encouraging new retailers to join the market.  With more competition, retailers are driven to keep up with new and better technologies and ways to attract new customers.  That, in turn benefits everybody.
  • A Smoother Experience – No more waiting for cashiers checks in the mail and no more waiting for them to be cashed on the other end.  You can literally have the transaction initiated and confirmed in a matter of minutes.
  • Participate to Help – We want to see “GUNCOIN ACCEPTED HERE” at every firearms-related business and you can help make it happen!  The more people buy, sell, trade, mine and just plain USE Guncoin, the bigger  our market gets.  You can help just by getting in on the fun!

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When Guncoin was created, it was determined that a maximum of 500 million coins can ever be mined. A small portion of that was set aside and given as rewards for crowdfunding and IPCO contributors. The IPCO went well and now enables Guncoin to advertise more and invest in its projects at a faster rate. Some of those projects currently include:

  • More Server Nodes & Server Upgrades
  • Media Advertising
  • Web Development (ongoing)
  • Paper Wallet Creation for Local Gun Shows
  • Guncoin Firearms Auction
  • GUN Drive for Charity

Guncoin aims to provide the firearms industry a fast, stable and secure method of accepting micro transactions, while protecting their customers privacy and advancing the firearms industry into the crypto age. We hope that you will find all the information on the site here to be very useful and strongly consider using Guncoin for your personal and business needs. Please contact us if you have any questions or comments!