G L O B C O I N
GLOBCOIN Crypto Platform (GCP, or GC platform) provides the infrastructure to build baskets of currencies
corresponding to specific communities/users' needs
This Platform will be used to launch currency baskets. Up until now, this was reserved only for large clients due to the huge fees and structure of foreign exchange markets. Thanks to Blockchain Technology, it is now possible to offer this to the public. The decentralization enables everyone to access what was reserved to a few privileged market participants
:: Purpose of Globcoin token ::
provide additional funding to enhance the current platform, taking advantage of the best of blockchain
technology.
make the platform available to the largest community of users
disseminate the use of dedicated baskets in specific regions of the World, in accordance with the local
regulations that may apply
:: Currency Basket ::
Currency baskets are portfolios of selected currencies with different weightings. Their composition and
weighting depend on its purpose. A currency basket is commonly used to minimise the risk of currency
fluctuations .
:: China usin Currency Basket ::
Currently, China is one of the countries implementing this system. According to the Chinese Central Bank, the
value of its currency, the Yuan, is made up of the yen, the dollar, the euro and the South Korean Won; although
the specific weight of each of these currencies has not been disclosed in the value of the Yuan
:: Problems ::
Even if the benefits of currency baskets seem quite obvious, their use is restricted by several barriers.
:: Solution ::
the first basket that will be launched on the platform will be our “flagship“ GLOBCOIN, a basket based on 15 largest currencies of the world and 5% of Gold. By construction, this stable and asset-backed basket corresponds to the needs of many users. It will be an ideal complement for cryptocurrencies holders looking for a stable crypto portfolio. We have been trading this basket for our large clients on the traditional foreign exchange market.
Thought intensive studies, especially for specific clients in Asia, Africa and Western Europe, our platform will be able to launch dedicated tradable baskets to meet the needs of the clients. With just a click of a button, we want our individual clients in the future to be able to buy a basket of specific fiat currency and then add it to the current multi-currency GLOBCOIN prepaid card which is already running successfully.
:: GlobCoin 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.
:: Flexibility in platform ::
The Platform will 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.
:: SCALABILITY in system ::
This system allows Globcoin to create bespoke baskets for different markets
:: No Fees ::
By acquiring the GCP, users can have access to the platform and trade currency baskets such as the Global Currency (GLX) without paying any fee according to the following schedule:
:: Grow OF GCP COIN ::
the GCP is the base currency for Globcoin Platform and we already have a 5 year existing proven product, the first basket (GLX), and the experience of clients for it. We are also confident that the Global Currency Basket (GLX) will create a significant network effect that will provide an exponential growth potential. We also had requests for other type of baskets on the GLX model by several institutions. With every new user of the currency baskets, the demand for GCP grows and let us remember it is a very scalable product. Growing demand means a growing GCP price as the supply of GCP is limited to 41 900 000.
:: Timeline ::
Join the ico
Know more at :https://globcoin.io/
whitepaper : https://globcoin.io/assets/whitepaper.pdf
