GLX is now the official stablecoin on Daily Fintech The GLX is now the official payment coin for Daily Fintech, a platform committed to fintech news and offering advisory services with more than 25,000 subscribers from 199 countries. We’re seeing the GLX in use: a global payment stablecoin that enables the users to pay for services in a fast, secure and low-cost way. "We are very proud to have been selected as a digital means of payment by Daily Fintech. They have a large community with 25,000 members coming from over 150 countries. We look forward to expanding our partnership with them, and other key players in the industry to leverage the unique GLX stablecoin benefits to global service providers" — Hélie d’Hautefort, Globcoin CEO https://medium.com/globcoin-io/glx-is-now-the-official-stablecoin-on-daily-fintech-2ab19b6454 |
|
|
|
|
No reluctance. It's just that the Globcoin core team members (CEO, CFO, CTO) are on Telegram and not here.
So there is a better chance to get answer from the right people there than here.
There are several topics in which I would not make a official statement / answer because they're not my field.
The Globcoin members usernames are clearly identified on the pin message on Telegram. So you could even tag them directly if you wish, or start a private chat even though I feel you'd rather it'd be public.
|
|
|
|
So let me understand this and let use layman's terms here.
Initial investors buy GCP, that has no value and cannot be bought or sold (please do not refer to Lykke, there is no volume or value with that rag of an exchange). Once you have the investment, you continue to develop GLX and leave the early investors high and dry.
I cannot swap GCP for GLX anywhere, am I right.
So, what exactly can I do with my GCP. Please provide a walkthrough example.
In other words, I am stuck with a worthless token.
EDIT: to add, should I take notice of the big red banner at the top od this thread?
Hi, why don't you post this on the Telegram channel, you will see that Globcoin CEO has already answered very similar questions and if you still want to ask again, most of the team is there. |
|
|
|
NEW LISTING: The GLX stablecoin is now available at BITKER, a trading platform from Singapore officially listed on CoinMarketCap with more than 300k users and a $188million trading volume and ranked #30 of world’s Exchanges on Coingeko. This partnership aims to push Globcoin’s GLX into the Asian markets, as we are inching closer to becoming a global player in the FinTech space with presence and listings across the globe. Full announcement: https://medium.com/globcoin-io/hello-asia-glx-listed-on-bitker-2c976dc12cdf |
|
|
|
Actually the team was always very clear about the GLX being available on EXCHANGES as well as the Globcoin Crypto Platform. The GCP grants a special access to the GLX via the Globcoin Crypto Platform (which hasn't been launched yet). Globcoin CEO has made a few interesting comments about this on Telegram: https://t.me/globcoin |
|
|
|
I think the problem for now is just that Lykke exchange has very low volume (according to coinmarketcap the entire exchange has only 28K of daily volume). I just made an account now to see there is basically no orderbook. I guess thats back to being patient and see if a exchange with more volume will come up in the next weeks or months!
Hi! Strategically it made sense for Globcoin to first start listing GLX on Lykke given their headquarters in Switzerland, but we are also in the process of listing GLX into other exchanges too (and this should take days or weeks, not weeks or months!) Also, technically speaking, trading hasn't started, so orderbook should start building up as of next week if all goes well. Thank you! |
|
|
|
IMPORTANT UPDATE ON THE GLX STABLECOIN
Globcoin customers can now register on Lykke and globcoin.io in order to access the benefits of the GLX payment token. Each 1 GLX Stablecoin is redeemable into all major currencies at any point in time for that stable value, which is denominated in fiat.
GLX is the first stable payment coin based on a basket of the world’s top 15 currencies and gold, acting as the most universal of its kind.
GLX holders also have access to a powerful hedging tool against crypto volatility, protecting purchasing power against global conditions (the basket has outperformed the Swiss Frank as a less volatile option every year since 2010).
The GLX enables high-speed, low-cost, truly global payments.
I am still confused. How this GLX stable coin will help GCP holders who are Non-Europeans like me. Are we going to be able to swap our GCP with GLX at the ratio of 1:1 on Globcoin platform? If not then please don't tell us to trade with Eth or BTC on Lykke because the GCP price on that exchange is no where near the price of ICO. If there's no swap program for GCP then as an ICO investor I find this situation really bad because all I hear from Globcoin team now is about GLX. It's been months GCP on Lykke which has low volume and very less people know about GCP. Why aren't you doing more for GCP? Why not more exchanges for Globcoin? Hi! Thanks for your comment. Helie, Globcoin CEO, says: Remember that the utility of the GCP is a VIP access to the Globcoin Platform in terms of fees and access to liquidity. A certain number of GCP is needed depending on the amount of GLX you want to trade directly on the platform. It is therefore reasonable to say that the more traction GLX gets, the more demand should grow to hold GCPs. This answers your question on what we are doing for GCPs: we're building the main product GLX which benefits the holders of GCP. As is the case for many projects now, I agree with you that the liquidity of GCP on Lykke is currently weak. Apart from the general market conditions which have affected all cryptos, the fact that the underlying platform had not been launched did not help bring interest from new HODLers, so we've had a period of subdued trading only. That should change soon - we only launched GLX publicly on Friday! Did you leave some orders in Lykke’s GCP orderbook?
Believe me - we have been working hard in the best interests of the whole community and we will continue to do so. |
|
|
|
|
IMPORTANT UPDATE ON THE GLX STABLECOIN
Globcoin customers can now register on Lykke and globcoin.io in order to access the benefits of the GLX payment token. Each 1 GLX Stablecoin is redeemable into all major currencies at any point in time for that stable value, which is denominated in fiat.
GLX is the first stable payment coin based on a basket of the world’s top 15 currencies and gold, acting as the most universal of its kind.
GLX holders also have access to a powerful hedging tool against crypto volatility, protecting purchasing power against global conditions (the basket has outperformed the Swiss Frank as a less volatile option every year since 2010).
The GLX enables high-speed, low-cost, truly global payments.
|
|
|
|
|
[Taken from the Globcoin Medium blog]
How can the GLX benefit NGOs and international organizations?
Among the many use cases for the GLX stablecoin, we could say the most globally important one is for Non-Governmental Organizations (NGOs) and other nonprofit organizations.
“Donations in cryptocurrency have been increasing in frequency. Due to their transparency and accountability, non-profit organizations have started to accept contributions in digital currencies, and this is has helped them to raise more funds from a new subset of donors” — Alexander Lielacher
Many causes accept bitcoin and other cryptocurrencies today as a method of donating. However, the blockchain and solutions like the GLX have other important roles to play for NGOs in terms of transparency, speed, convenience and costs. That is why the Blockchain has been adopted by NGOs and will continue to benefit this sector in the future.
✔ Transparency and public trust
The public image of NGOs and charities relies on complete accountability. Working on the Blockchain will ensure that records and remittances cannot be manipulated by third parties, and remain transparent, which can help organizations gain trust from donors and the general public.
✔ Speed and convenience
Blockchain is being used to verify payments and track goods and services to ensure both are reaching their destination, often in more remote parts of the world and usually without a traditional or robust infrastructure.
✔ Low transaction fees
“UK charities, for example, are losing 50 million euros a year in transfer fees and exchange rate” — Ayush Aggarwal
International organizations need to ensure all donations are cost-effectively transmitted to the area of need with minimal transaction or administration costs. This is where the GLX fits in. NGOs and Charities can avoid the high foreign exchange costs in remittances by using the GLX: a stablecoin within the crypto world. Cross-border payments can be done quickly and efficiently at a small cost and without the risk of losing value during the conversion process. So far, the payment service provided by Globcoin and the GLX is the best cost-effective solution for instant and transparent remittances.
✔ Providing global values in a stablecoin format
Even if the advantages of cryptocurrencies are obvious for NGOs and nonprofit organizations, they still have to deal with one last issue: volatility. This is where stablecoins come in as an alternative: sending money across countries with differing levels of inflation can be challenging in terms of ‘holding the value’, and even obtaining stable fiat currencies like USD is not possible in cases like Venezuela, for example. The GLX is the most global stablecoin of all, and represents the perfect solution for the NFP sector.
The GLX is based on the currencies representing the core world economies today, reflecting the diverse components of the global mix with a small overweighting to the key emerging economies across all continents. The GLX provides stability for international organizations dealing with this problem, offering the benefits of fiat and the benefits of crypto all in one.
Moreover, the GLX will provide a transparent, auditable, and secure protocol. The deposits will be held securely at Prime Banks and regularly audited by a reputable auditing firm. All this, backed by the long experience and reputation of an international team.
|
|
|
|
|
A message from the Globcoin Team:
We hope your 2018 was full of great achievements as it was for us. This year we brought the GLX to the world, a unique global payment digital currency with an unparalleled stability; turning our hopes into clear objectives and our ideas into concrete projects.
It's almost 2019 and we feel strong and optimistic to accept the challenges that lie ahead, as long as we count on your trust and enthusiasm. Thank you for staying close by us, and we look forward to see you next year, as we continue our journey of bringing stablecoins to the next level.
Merry Christmas and Happy New Year 2019 to you and your loved ones.
|
|
|
|
|
Taken from Globcoin Medium
<<We are entering Q4–2018 with very exciting news: The GLX is alive and kicking! Globcoin’s first stable payment token has been successfully deployed on the Ethereum Blockchain and after several internal tests, we can say that the infrastructure is finally set.
The GLX value is linked to 85% of the world economy, through a currency basket of the 15 largest national currencies and Gold.
The GLOBCOIN dev team has reported that they’re working on the listing conditions for Exchanges, as well as implementing KYC & whitelisting for the GLX users. Regarding the Globcoin crypto platform, the team is setting up the bank transfers and crypto-to-GLX purchases as well as GLX & ETH contract wallets.
We already have a strong support from many partners in the industry, including Exchanges and protocols. We will soon announce our first partnership with a worldwide organization that will use GLX as their global means of payment. By linking the GLX to our proven basket of currencies, we have created a coin that is not only stable against most currencies, but is a true store of value and a perfect means of payment — Helie d’Hautefort, Globcoin CEO
This news is very significant and exciting for the team, as we will see the GLX fulfilling its intended original purpose: a stable, reliable, payment token.
Globcoin is achieving its stated milestones, while being aware of the current market flux and carefully treading its path, offering the best value to GCP utility token holders and the best breadth needed by the market in GLX. We are serving our community by a thoroughly plotted escalation policy for our Stablecoin suite — Linda Leaney, Globcoin CFO
With a team of industry experts in several fields with strong professional credentials (and many of them having years of experience in the “traditional” currency management space), Globcoin is offering the world a currency that is safe, secure and trustable, taking stablecoins to the next level.
The next weeks will be full with positive announcements for everyone. This has been a great journey so far, but the best is yet to come>>
|
|
|
|
As much I was excited to invest in Globcoin earlier this year knowing that the nature of GCP being a stablecoin could attract a lot of people's attention. But it looks like there are a very few people know about GCP right now. Is it down to poor marketing or having no big partner to support the progression of the project? Being listed on Lykke which is with a very low volume is not helping ICO investors like me. It has been months, hopefully there will be some movement from the team regarding exchange listing when GLX is launched.
Hi! I showed your message to the team and this is an answer from Globcoin CEO Helie d'Hautefort: We understand your impatience and we share it but Globcoin is an ambitious project. The team is working hard for the GLX to be launched soon and we are reaching our milestone as indicated in the Road Map. As you know the interest of GCP will be intrinsically linked to the success of the GLX. In the current context ,we do not want to neglect any aspect of the project . We will announce next week several major achievements that will show the work done by the team. Stay tuned. We value each member of our community.GCP It seems to me a useless and meaningless token that nobody really needs. For a very long time you are trying to convince investors of this, but I look at the price and understand that the team can only promise. The people who can benefit from the GCP are the ones that are going to use the GLX payment token for a reliable, stable and smart means of payment. Holding GCPs will fully open the doors of the GLX once it's launched, and then other stablecoins in the future. Full understanding of the purpose of the GCP can only be achieved by studying the GLX stablecoin first : https://globcoin.io/index.html#glx-stablecoin |
|
|
|
|
Shared by Helie, Globcoin CEO, on Telegram:
Hello everyone,
I recently got back from Tokyo where we met very interesting people and investors who heard everything about GLOBCOIN projects and achievements so far.
Last days have been so busy for everybody, I just want to thank our community for being patient and for bearing with us all this time! Turns out bringing stablecoins to the next - and better - level requieres more time and work than we originally accounted for.
Finally we're entering Q4 with very exciting news: The GLX is alive and kicking! After running internal tests with the GLX we can definetly say that:
- The GLX token deployment has been successful
- The GLX is live on the Blockchain, the infrastructure IS THERE
We expect the GLX to be listed on several exchanges soon, we're just waiting for one more final "go" from authorities, as we want to be fully compliant to prevent inconveniences in the future
The next weeks will be full with positive announcements for everyone.
Did we mention we're in final discussions with a big international company who will use the GLX as their payment token? This is very significant and exciting for all of us as we will see the GLX fulfilling its intended original purpose: a stable, reliable, payment token!
Once again thanks for being here and stay tuned for the next news!
|
|
|
|
As much I was excited to invest in Globcoin earlier this year knowing that the nature of GCP being a stablecoin could attract a lot of people's attention. But it looks like there are a very few people know about GCP right now. Is it down to poor marketing or having no big partner to support the progression of the project? Being listed on Lykke which is with a very low volume is not helping ICO investors like me. It has been months, hopefully there will be some movement from the team regarding exchange listing when GLX is launched.
Hi! I showed your message to the team and this is an answer from Globcoin CEO Helie d'Hautefort: We understand your impatience and we share it but Globcoin is an ambitious project. The team is working hard for the GLX to be launched soon and we are reaching our milestone as indicated in the Road Map. As you know the interest of GCP will be intrinsically linked to the success of the GLX. In the current context ,we do not want to neglect any aspect of the project . We will announce next week several major achievements that will show the work done by the team. Stay tuned. We value each member of our community. |
|
|
|
|
Show Posts
