Bitcoin and cryptocurrencies based on the Bitcoin protocol are here to stay. In essence, the Bitcoin protocol has the right formula to become universal universal universal. Bitcoin is already functioning as a value store and exchange medium. However, to gain significance as an account unit in global commerce, it is necessary to scale both technically and economically.
Globitex
Globitex is an institutional class Bitcoin exchange, with fully functional FIX API connectivity, offering direct market access to algorithmic merchants. Launched in the summer of 2017 as a working prototype, is being tested in a limited Beta mode and is expected to open in early 2018.
After building exchanges to meet the needs of sophisticated institutional clients, we now operate Globitex from the starting point to enable exchange of Bitcoin and Euro trading partners on a secure and established platform. Building Globitex with the goal for the future, however, requires handling one of the major problems facing Bitcoin: its liquidity, or its current shortcomings.
Therefore, one of Globitex's first goals is to launch another major currency pair; to expand the Bitcoin-FX order book, including instant trading, deposits, and major currency withdrawals around the world. The next step is to develop a cryptocurrency money market, where qualified market participants can lend their assets over a period of time by setting market-based interest rates.
The development of the money market in Bitcoin will be a major catalyst in improving liquidity and matching Bitcoin's supply and demand in the spot market, as well as for future timeframes, potentially turning it into the most liquid currency.
As Bitcoin's liquidity increases, and since large orders can be easily accommodated, Globitex will then activate the standard list of futures and commodity options in an open order book. Derivative contracts will be physically handed over and exchanged in Bitcoin as the underlying currency. For example, counterparties in derivative contracts can exchange physical commodities (crude oil, jet fuel, gold, silver, copper, corn, etc.) for a number of bitcoins at maturity of the contract, or no physical pick. shipping and settling in bitcoin instead.
This goal is divided into three main sections. Each section assumes that some Token sellers are sold out, which in turn opens up the results necessary for the progress of each development stage specified here.
First Stage: Spot FX and REPO
The character is expected to be sold: 10,000,000-50,000,000 GBX
- Scale spot spots, where Bitcoin can be traded vs. major fiat and other cryptoes
- Apply FX - REPO margin trading capability
Second Phase: BIBOR, Money Market and Commodity Derivatives
Expected tokens sold: 50,000,000-150,000,000 GBX
- Develop a money market Bitcoin - BIBOR
- List commodities and cash options
- List of future crypto currency, swaps and options
Third Stage: GCOM Commodities Index and Physical Commodities
The figure is expected to sell 150,000,000-500,000,000 GBX
- List Bitcoin with commodity index price Globitex - GCOM
- Enable precious metal futures contracts to be delivered physically
- Next develops warehousing infrastructure and expands spot commodities
ICO Details:
- ICO will take place on their site at www.globitexico.com
- Start date: The token sale will begin on November 8, 2017 at 12:00 UTC.
- End date: Token sales will expire on 7 December 2017 at 17:00 UTC or 72 hours after the soft stamp is reached.
- There will be a discount for the original participant during the token sale:
- 15% off for the first 20.0 GBX Token sold
- 10% off for the next 30,000,000 GBX Tokens sold
- 5% discount for the next 50,000 GBX Tokens sold
Globitex Token
- Token will be represented as GBX.
- Token GBX will meet the basic needs of trading settlement methods on the Globitex Exchange platform, filling in as a commission payment receipt, and also used in loyalty programs.
- This token is based on the Smart Ethereal Smart Contract standard EIP-20.
- Tokens will be purchased during token sales in exchange for Ether (ETH), Bitcoin (XBT) and Bitcoin (BCH) cash. While the token distribution will occur after the token is sold out.
- The GBX token will have a lifetime of 10 years, over its lifetime, tokens can be redeemed, loyalty programs and other successful benefits are achieved. After 10 years, the Company will revisit the Token GBX program and make important modifications regarding the continuation of the program.
- The redeemed GBX tokens will be permanently burned to remove them from circulation.
Distribution of GBX Tokens
80% of tokens will be sold to contributors, while the remaining 20% will be held by the Company which includes rewards and referral programs, when completed.
Details of Token Sales
- Token Sale Schedule: November 8 - December 7, 2017
- Purchase Token: Ethereal, Bitcoin, Cash Bitcoin
- Token Price: 1 GBX = EUR 0.10
- Bonus: 5% - 15%
- Total Supply Token: 500.000.000 GBX
For Detail Information You Can Visit:
- Website
- White paper
- Youtube
- News
- DISPENSATION
writer: sego_jagung
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