Your tokenized currency basketEasy, fast, secure: the gateway to a global currency for a global village.
What is Currency Basket ?Currency Baskets encompass broad investment themes and can be used to express multi-currency views on a tactical, thematic or strategic basis. The Platform intends to provide flexibility to investors and allows them to express a view on a country or a group of currencies, or to hedge against the weakening of others. For example, if an investor thinks that the dollar is going to generally strengthen against a selection of the major world currencies, he will, in the future, be able to buy a token which tracks the performance of the US dollar against a basket of currencies. The first basket to be launched, corresponding to the World Reserve Currency, and known here as GLX, will enable its holders to tactically switch to the most stable instrument, proven historically to be even more stable than the Swiss Franc.
Problems to Address :Even if the benefits of currency baskets seem quite obvious, their use is restricted by several barriers.
⛒ The barrier of size: foreign exchange market is by structure reserved to large amounts
💲 The barrier of price: only experienced currency manager will get liquidity and good pricing for buying and selling the currency pairs constituent of the basket.
🏠The barrier of infrastructure: Buying and selling individual currency pairs (some of them being quoted by a very limited number of counterparts – for example certain fiat currencies) requires a dedicated infrastructure and a professional team.
Solution to Problems:GlobCoin a currency basket platform using blockchain technology
Tokenisation is the process of converting rights to an asset into a digital token on a blockchain. The GLOBCOIN Crypto Platform will launch a series of rules-based baskets tokenised on the Ethereum blockchain. Each basket will have initial weights corresponding to a specific need of a community. It will track the performance of the underlying basket of currencies. Users of the basket can purchase them from the platform, our digital wallet, or from exchanges.
What is GLOBCOIN ?
The GLOBCOIN(GLX) is a currency basket unit that tracks the 15 largest global currencies and gold. It follows an intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy evolves. These characteristics allow the GLOBCOIN to act as a global store of value, effectively creating the world’s first “reserve currency”. The portfolio of the basket aims to capitalize on the market trend towards a globalized and multipolar world by leveraging smart algorithms using the GDP of each country adjusted by the Purchasing Power Parity.
GLOBCOIN CARDMulticurrency Payment Card
GLOBCOIN Ltd is a sister company registered in the UK. GLOBCOIN had its genesis in the desire to bring the sophisticated techniques only available so far to large institutions to the man of the street level. Since June 2016 the GLOBCOIN® Multi-currency Saving Account and the GLOBCOIN Multi-currency Prepaid MasterCard are offered to clients in the SEPA region (Western Europe). The platform is accessible online or via an app, offering the combination of multi-currency payments and savings. GLOBCOIN® makes the life easier, cheaper and gives you full control when it comes to managing the foreign currency exposure.
How can you be part of GLOBCOIN
Participants willing to support the development of the Globcoin project can do so by
registering here .
Token sale details Token name : GCP
GCP created per 1 ether : 100
Minimum contribution level in ether for each investor : 0.1
Minimum ether to be collected (soft cap) : 5,000
Maximum ether (hard cap) : 150,000
Maximum number of tokens generated to crowdsale participants : 5,850,000 (37.8%)
Maximum number of tokens generated to pre-sale participants : 5,100,000 (12.2%)
Maximum number of tokens generated for future business development : 12,570,000 (30%)
Maximum number of tokens generated to team, adviser and early backers : 8,380,000 (20%)
Maximum number of GCP generated : 41,900,000 (100%)
WhitepaperYou will find all the relevant information about the Globcoin ICO in the
Whitepaper.
