🚀 GLOBCOIN - Bringing Stablecoins to the Next Level

[hua_hui]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hi PENSCoin, thanks a lot for expressing your interest to the project. There is a lot of purposes for the globcoins.

One of the most obvious way is that we trying to have a token with fiat backing so that you can use it as a hedge when the crypto space is in the contradicting period.

Another way is that you can leverage on us to do basket in certain currency to exchange to another basket of another currency on our platform so that you can have access to a wider range of services both in crypto space and in real world.

[EvaGC]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hey! don't hesitate to post this kind of questions on Globcoin Telegram Group as well. That way you can help others who might be having the same doubts (:

[hua_hui]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hey! don't hesitate to post this kind of questions on Globcoin Telegram Group as well. That way you can help others who might be having the same doubts (:

I agree. I believe there is sure a lot of questions that the telegram community have as well. And we have dev team there to monitor the chat and give latest information.

[PENSCoin]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hi PENSCoin, thanks a lot for expressing your interest to the project. There is a lot of purposes for the globcoins.

One of the most obvious way is that we trying to have a token with fiat backing so that you can use it as a hedge when the crypto space is in the contradicting period.

Another way is that you can leverage on us to do basket in certain currency to exchange to another basket of another currency on our platform so that you can have access to a wider range of services both in crypto space and in real world.

Great idea, I like it. But in the crypto-currency world people come with a special mentality. Do not you think that for the crypt your basket is very conservative? In even 5% of gold, but projects with real gold have not yet worked in the crypto world.

[SweetSv]

sir, I have finished the whitepaper translation into french language, please check and update spreadsheet..
https://drive.google.com/file/d/1J_zeq_N3biGKvBnj9EybPs5cmAapn-1C/view?usp=sharing

my etherwallet address : 0xAAdB2C462a98fB6c4Ddc055fa4A0baE6832076E1

I just take a look at your french ANN, most is google trad, nothing more.

Not just the Ann, even the WhitePaper is a Bad Google translation, it seems there is no bounty management here or this guy would be disqualified from translation, he is stealing stakes from true translators in this project

You are right. We have done our due diligence check and our verdict is that he is disqualify from the translation bounty campaign. We have been firm in our decision and he is receptive of the outcome.

I also do understand that there are some who take translation into their own hands and post their translation without official approval. We too have reached out to those and clarified with them.

Overall, I would like to thanks the community, especially the heart warming french section, for helping us to keep track.
These are the following users that I would like to express my gratitude.
- JohnUser
- ludbega
- atchoum6760 (even give me a list of french translator)
- Laeltin
- Aerys

Just to clarify more on what we have done to reach the conclusion.
- Get 3rd parties, within the forum and in real life, to check the quality of his work.
- Reports were given with evidents
- Check on the users who has raised this issue.
- Reach out to experienced translator and seek for their opinions.
- Get the affected user to lock the threads for further investigation.
- Someone else took the opportunities to claim the french translation without approval. Quality is also badly done and reach out to him to lock it as well.
- Discussion with the ICO team.
- Pass the verdict to the affected user.

I do not understand this very interesting. In Switzerland, French is a state language. Can the team translate or check the translation?

[momokaka]

Hello! Is Chinese translation still available? Can I reserve it?

[momokaka]

When will the airdrop be released? hope to participate in this project~

[Ted Kin]

sir, I have finished the whitepaper translation into french language, please check and update spreadsheet..
https://drive.google.com/file/d/1J_zeq_N3biGKvBnj9EybPs5cmAapn-1C/view?usp=sharing

my etherwallet address : 0xAAdB2C462a98fB6c4Ddc055fa4A0baE6832076E1

I just take a look at your french ANN, most is google trad, nothing more.

Not just the Ann, even the WhitePaper is a Bad Google translation, it seems there is no bounty management here or this guy would be disqualified from translation, he is stealing stakes from true translators in this project

You are right. We have done our due diligence check and our verdict is that he is disqualify from the translation bounty campaign. We have been firm in our decision and he is receptive of the outcome.

I also do understand that there are some who take translation into their own hands and post their translation without official approval. We too have reached out to those and clarified with them.

Overall, I would like to thanks the community, especially the heart warming french section, for helping us to keep track.
These are the following users that I would like to express my gratitude.
- JohnUser
- ludbega
- atchoum6760 (even give me a list of french translator)
- Laeltin
- Aerys

Just to clarify more on what we have done to reach the conclusion.
- Get 3rd parties, within the forum and in real life, to check the quality of his work.
- Reports were given with evidents
- Check on the users who has raised this issue.
- Reach out to experienced translator and seek for their opinions.
- Get the affected user to lock the threads for further investigation.
- Someone else took the opportunities to claim the french translation without approval. Quality is also badly done and reach out to him to lock it as well.
- Discussion with the ICO team.
- Pass the verdict to the affected user.

I do not understand this very interesting. In Switzerland, French is a state language. Can the team translate or check the translation?

I'm interested too. If you have Frenchmen(Gaspard d'Hautefeuille, Xavier de Villoutreys, Jean-Marc Seigneur and others) on the team why use a low-quality translation?
Do you have an official registration?

[hua_hui]

sir, I have finished the whitepaper translation into french language, please check and update spreadsheet..
https://drive.google.com/file/d/1J_zeq_N3biGKvBnj9EybPs5cmAapn-1C/view?usp=sharing

my etherwallet address : 0xAAdB2C462a98fB6c4Ddc055fa4A0baE6832076E1

I just take a look at your french ANN, most is google trad, nothing more.

Not just the Ann, even the WhitePaper is a Bad Google translation, it seems there is no bounty management here or this guy would be disqualified from translation, he is stealing stakes from true translators in this project

You are right. We have done our due diligence check and our verdict is that he is disqualify from the translation bounty campaign. We have been firm in our decision and he is receptive of the outcome.

I also do understand that there are some who take translation into their own hands and post their translation without official approval. We too have reached out to those and clarified with them.

Overall, I would like to thanks the community, especially the heart warming french section, for helping us to keep track.
These are the following users that I would like to express my gratitude.
- JohnUser
- ludbega
- atchoum6760 (even give me a list of french translator)
- Laeltin
- Aerys

Just to clarify more on what we have done to reach the conclusion.
- Get 3rd parties, within the forum and in real life, to check the quality of his work.
- Reports were given with evidents
- Check on the users who has raised this issue.
- Reach out to experienced translator and seek for their opinions.
- Get the affected user to lock the threads for further investigation.
- Someone else took the opportunities to claim the french translation without approval. Quality is also badly done and reach out to him to lock it as well.
- Discussion with the ICO team.
- Pass the verdict to the affected user.

I do not understand this very interesting. In Switzerland, French is a state language. Can the team translate or check the translation?

sir, I have finished the whitepaper translation into french language, please check and update spreadsheet..
https://drive.google.com/file/d/1J_zeq_N3biGKvBnj9EybPs5cmAapn-1C/view?usp=sharing

my etherwallet address : 0xAAdB2C462a98fB6c4Ddc055fa4A0baE6832076E1

I just take a look at your french ANN, most is google trad, nothing more.

Not just the Ann, even the WhitePaper is a Bad Google translation, it seems there is no bounty management here or this guy would be disqualified from translation, he is stealing stakes from true translators in this project

You are right. We have done our due diligence check and our verdict is that he is disqualify from the translation bounty campaign. We have been firm in our decision and he is receptive of the outcome.

I also do understand that there are some who take translation into their own hands and post their translation without official approval. We too have reached out to those and clarified with them.

Overall, I would like to thanks the community, especially the heart warming french section, for helping us to keep track.
These are the following users that I would like to express my gratitude.
- JohnUser
- ludbega
- atchoum6760 (even give me a list of french translator)
- Laeltin
- Aerys

Just to clarify more on what we have done to reach the conclusion.
- Get 3rd parties, within the forum and in real life, to check the quality of his work.
- Reports were given with evidents
- Check on the users who has raised this issue.
- Reach out to experienced translator and seek for their opinions.
- Get the affected user to lock the threads for further investigation.
- Someone else took the opportunities to claim the french translation without approval. Quality is also badly done and reach out to him to lock it as well.
- Discussion with the ICO team.
- Pass the verdict to the affected user.

I do not understand this very interesting. In Switzerland, French is a state language. Can the team translate or check the translation?

I'm interested too. If you have Frenchmen(Gaspard d'Hautefeuille, Xavier de Villoutreys, Jean-Marc Seigneur and others) on the team why use a low-quality translation?
Do you have an official registration?

We would like to give the bitcointalk community the chance to interact with us and that is why the team introduce the different type of bounty campaigns like the facebook, twitter, signature, translation, social media. However, due to this issue, we already have locked the french threads and we are doing it inhouse. I would still like to thank the other translators whom we have engaged as they are still helping us connect to their local communities by giving the updates from Globcoin and answering the questions given by the public.

Hello! Is Chinese translation still available? Can I reserve it?

It will be done inhouse. Sorry for that.

When will the airdrop be released? hope to participate in this project~

The ICO will end at end of Jan so the token distribution event will happen after the end of ICO sale.

[blozo]

Few thoughts about the project since it's realistic that the Globcoin coin will compete with Tether (USDT token) as a stable store of value in crypto

- The need for this kind of coin is high since lot of exchanges don't have FIAT deposit/withdrawal option. Traders need some kind of stable token as for example USDT is used now on bittrex or binance

- Tether reputation is really low at the moment: they have recently been hacked for 30M$ + they are not performing an official auditing to ensure that each USDT is backed by a real USD

- Globcoin is backed by an existent Swiss company with high reputation. It will ensure more transparency than Tether

- Globcoin will be tethered to a basket of currencies to ensure a better evaluation. Tether follows only the USD (that for example lost 10% of value compared to the EURO in few months)

For these reasons I can see a lot of potential in this project 

[PENSCoin]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hi PENSCoin, thanks a lot for expressing your interest to the project. There is a lot of purposes for the globcoins.

One of the most obvious way is that we trying to have a token with fiat backing so that you can use it as a hedge when the crypto space is in the contradicting period.

Another way is that you can leverage on us to do basket in certain currency to exchange to another basket of another currency on our platform so that you can have access to a wider range of services both in crypto space and in real world.

Very good but so far  projects with gold are not working. People working with crypt want 10xxx but no gold and no basket of currencies can give it.

[Ted Kin]

Dev, I ask but you not answer
Do you have an official registration in Zug?

[dspencer]

This is a great idea. Uniting different communities is a great way to get the maximum profit off different types of projects. Also, thank you for clarifying the main barriers as it is important to know what you, as a trader, have to deal with.

[hua_hui]

Very interesting project! I have reviewed your information and have questions.
The coin was created only for the purpose of risk diversification?
Which citizens of the country can use your card?

Hi PENSCoin, thanks a lot for expressing your interest to the project. There is a lot of purposes for the globcoins.

One of the most obvious way is that we trying to have a token with fiat backing so that you can use it as a hedge when the crypto space is in the contradicting period.

Another way is that you can leverage on us to do basket in certain currency to exchange to another basket of another currency on our platform so that you can have access to a wider range of services both in crypto space and in real world.

Very good but so far  projects with gold are not working. People working with crypt want 10xxx but no gold and no basket of currencies can give it.

One of the focus about Globcoin is about maximizing stability.

''How is GLOBCOIN using currency baskets for maximum stability

GLOBCOIN is a digital coin that intents to reflect the world economy by combining the best aspects of cryptocurrencies and the best aspects of fiat (or traditional) currencies. The plan is to link this digital coin to a basket of currencies from the 15 largest world economies and 5 % Gold.
First thing first, what is a “currency basket”?
It’s pretty much what it sounds like. Imagine you grab a basket and turn it into a smart portfolio by putting inside different currencies. You get to decide which proportion (weighting) will have each one of the currencies inside, according to the purpose of the basket. Perhaps you decide to fill your basket with 30% Euros, 30% US dollars, 30% Swiss Francs and 10% Indian rupees. You decided to assign a smaller percentage to Indian Rupees because they’re not as strong as the other currencies in the basket.
Use of currency baskets in history
Due to a shortfall of gold and US dollars, the International Monetary Fund created in 1969 the “XDR”, a unit of account whose value was based on a basket of key international currencies. The weights assigned to each currency were reviewed and adjusted according to their current prominence.
Before the Euro existed, the European Union created an artificial currency called ECU (European Currency Unit) which was, as a matter of fact, a currency basket composed by several European currencies.
In 2007, Kuwait decided to peg their currency “dinar” to a basket instead of the US dollar because the instability of the latter by that time was causing a high inflation.
How will GLOBCOIN use currency baskets?
GLOBCOIN relies on the expertise of a professional team, to create a basket of currencies that will enable its holders to strategically use the most stable element in the basket. This technique has proven to be even more stable than the Swiss Franc. Each basket created by GLOBCOIN will have initial weights corresponding to a specific need of a community.
Also, as an investor, GLOBCOIN will give you flexibility to express your view about a currency or a group of currencies, or it will even allow you to protect your assets against the weakening of others. For example, if you think that the US dollar has a tendency to straighten, you can choose and buy a token which tracks the performance of the dollar in reference to a basket of currencies.
No retail bank or broker currently offers such a basket to the public. For all these reasons, the GLOBCOIN Crypto Platform appears as a game-changer in a very cost-effective way. The Blockchain technology makes it possible to distribute and “tokenize” this basket, so tokens can then be exchanged on the GLOBCOIN platform at a fraction of the cost, and the amounts can be as little as one US dollar.''

Dev, I ask but you not answer
Do you have an official registration in Zug?

Yes the team is official registered. Details as follows.
RESERVE CURRENCY SOLUTIONS RCS SA - CH-170.3.035.143-0
https://www.moneyhouse.ch/fr/company/reserve-currency-solutions-rcs-sa-21407191251

[Jake Roberson]

This is a great idea. Uniting different communities is a great way to get the maximum profit off different types of projects. Also, thank you for clarifying the main barriers as it is important to know what you, as a trader, have to deal with.

Right way to check it out here in this group!

[EvaGC]

This is a great idea. Uniting different communities is a great way to get the maximum profit off different types of projects. Also, thank you for clarifying the main barriers as it is important to know what you, as a trader, have to deal with.

Thank you taking the time to read the white paper. Do not hesitate to ask or comment on anything (:

[hua_hui]

This is a great idea. Uniting different communities is a great way to get the maximum profit off different types of projects. Also, thank you for clarifying the main barriers as it is important to know what you, as a trader, have to deal with.

Right way to check it out here in this group!

Feel free to ask question (not related to the bounty) in the telegram group as well. The dev team is situated there to help to answer any technical questions and ICO related stuffs.

[Lhanzmay14]

Job well done dev. . congrats to the team. .

[tamradhwaj]

very interesting project and great solution for travellers. they can use WorldWide.

[salavat111]

This is indeed a very useful tool for businesses, pretty sure that this project will storm globally