Globcoin - The Global Economy in a Token
A new ICO is in progress, it is a very ambitious and interesting project.
It is called Globcoin and is identified as the "Global Currency". It aims to be the most stable currency combining the best of the cryptocurrencies and the traditional ones.
The company was founded in Switzerland in 1998, so we are not talking about a "startup", this makes this ICO not as risky as many others that are appearing today. The product they are launching was only accessible to high net worth individuals and large companies. But now, thanks to the incorporation of Blockchain, will be available to all.
So, what is the product? ... It is a Token called GCP, and behind it there is a "Basket of coins". Which is formed by 15 different currencies from around the world, a mix between the most stable as the dollar and the euro with other new and emerging. You will also have 5% in gold.
The objective is to diversify the currencies enough to protect against any of them falling in value. By imitating the global economy in a single "basket" the result is the most stable currency possible.
The token will be 100% backed by the "basket" in a ratio of 1 to 1. This is the best way to protect against the volatility of the markets.
Thanks to the use of Blockchain, the token will be easily interchangeable among users, exchanges and very high liquidity, a fundamental piece in any balanced portfolio.
The other product that Globcoin offers is a prepaid multi-currency Mastercard
This card exists since 2016 (for now only available in the European area)
Allows exchange between different currencies from your phone easily, safely and cheaply. It is perfect for travelers or people like me, international students.
It will also simplify the process of sending funds to other card users or traditional banking institutions
In summary, a very convenient way to save, access and manage your funds
The app is available for IOS and ANDROID
With this currency the boundaries between countries begin to darken, we finally approach a true global community.
ICO details:
. Token Name: GCP
. Price for each ETH: 100
. Minimum contribution: 0.1 ETH
. Minimum goal: 5,000 ETH
. Maximum Goal: 150,000 ETH
. Maximum number of Tokens: 41,900,000
. The ICO will run from January 13 to the 31 of the same month.
. At this moment the bonus offered is 30%
. The token will be available for exchanges on February 1
A personal note:
First, I am not a financial advisor and should never invest money without doing my own research. With that aside, I really believe that this idea is brilliant. Being able to have your diversified savings in different currencies is the best way to protect them. It is unlikely that this coin will rise to an exponential value, like others. But that is not the goal of this token, it is designed to be secure, something that is firm when everything else fails.
As the GCP will have the value represented by the global economy, I really see this currency with the potential to become the indicator with which all other currencies are going to be compared, as is the case with the dollar today. It is amazing to be living in the historical moment where this type of ideas can be carried out :)
Here I leave the link for the page and the "Whitepaper" (The plan of the company)
https://globcoin.io/
https://globcoin.io/assets/whitepaper.pdf
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1377408;sa=forumProfile
Author: Heri adul