The Globitex GBX Token Sale officially launches on February 10, 2018 at 17:00 UTC.
Participation: Sign up at www.globitexico.com on February 10 at 17:00 UTC and follow the step-by-step guide under the “How To Contribute to the Globitex GBX Token Sale” section below. There is no whitelist or KYC in advance.
Wallets: You will need a wallet service or an application where you and only you hold the private keys. Private keys are needed to correctly interact with smart contract functions, such as transferring tokens. Your Wallet must support the Ethereum EIP20 (formerly known as ERC-20) token standard in order to receive Globitex GBX Tokens. It must be a non-exchange wallet. Suggested compatible wallets:
- https://www.myetherwallet.com/
- https://metamask.io/
- https://github.com/ethereum/mist/releases/tag/v0.8.8
- https://parity.io/
- https://token.im/
A full list of compatible wallets are available here: https://tokenmarket.net/what-is/how-to-participate-ethereum-token-crowdsale/
Browsers: There are no restrictions on browsers during the token sale.
Distribution: All Globitex GBX tokens sold during the private pre-sale and public sale will be created and distributed up to one month after the official end of the main token sale on March 19, 2018 at 17:00 UTC or when the hard cap of EUR 10,000,000 is reached, whichever event comes first. There will be no unsold tokens. Tokens will be sent to the address where payment was made from or address provided as Globitex GBX token receiving address (i.e. the participant’s ERC-20, non-exchange wallet).
How To Contribute to the Globitex GBX Token Sale
Below is step by step guide on how to participate and contribute to the Globitex GBX main sale.
Step 1: On February 10, 2018 at 17:00 UTC, you will be able to access the Globitex GBX token sale portal at www.globitexico.com. The portal will prompt you to select the currency you wish to contribute in. Contributions to the public sale can be made in Bitcoin (XBT), Bitcoin Cash (BCH), or Ether (ETH).
Step 2: Carefully read through the Terms and Conditions. If you agree, select “I accept these terms and conditions” and click Next.
Step 3: Select your desired Ethereum wallet. We recommend using MetaMask since it can accept Globitex GBX tokens and provide a single-click checkout. For all other wallets and coins, you will need to go through additional steps. After selecting your desired Ethereum wallet click Next.
Step 4: Enter your email address.
Step 5: You will be sent a 6-digit confirmation code. Return to the Globitex GBX portal and enter your unique code. If you do not see an email, check your Spam folder, promotions tab if you are using Gmail, or try searching “Globitex”.
Step 6: Fill out the buyer information.
Step 7: Enter your contribution amount and select “Pay now with MetaMask” (or whichever wallet you selected at the Ethereum Wallet step).
Below is an example of the payment form if you selected MyEtherWallet as your desired Ethereum wallet.
FAQ
When does the main token sale officially end?
March 19, 2018 at 17:00 UTC or when the hard cap of EUR 10,000,000 is reached, whichever event comes first.
Which cryptocurrencies will be accepted in during the token sale?
Ether (ETH), Bitcoin (XBT), and Bitcoin Cash (BCH).
What is the price of one Globitex GBX token?
One Globitex GBX token has a standard price of EUR 0.10.
What is the hard cap?
The project has a hard cap of EUR 10,000,000, which means the token supply will also be limited and deflationary as all redeemed tokens will be burned.
What is the total supply of Globitex GBX tokens?
Globitex GBX ~107,000,000 will be offered to the public of total Globitex GBX ~164,615,384, in case the total hard cap is reached.
What is the initial distribution of Globitex GBX tokens?
65% of the Globitex GBX token pool is sold to contributors. The remaining 35% is allocated to the company for future use, including: 5% for bounty and referral programs, 10% for business development (e.g. team expansion, marketing, security rewards, conferences etc.), and two portions of 10% released every consecutive year, following the end of the Globitex GBX token sale for further business promotion.
What is the minimum purchase amount?
The equivalent of EUR 10.
What is the maximum purchase amount per buyer?
The equivalent of EUR 3,000,000.
Who can participate in the main token sale?
Globitex GBX accepts global citizens. Restricted to U.S citizens and international sanctions, such as North Korea.
What is the bonus structure for the token sale?
10% for the first 5,000,000 Globitex GBX tokens with a maximum EUR 500,000 in value and 5% for 10,000,000 Globitex GBX tokens with a maximum EUR 1,000,000 in value.
What will the Globitex GBX token be used for?
The Globitex GBX token will serve the primary purpose of a means of settlement of trades on the Globitex GBX exchange as a commission payment token, as well as used within loyalty programs. Redeemed Globitex GBX tokens are intended to be burned, and therefore permanently removed from circulation.
What are the lock up periods for the Globitex GBX tokens?
5% during the ICO, 10% after the ICO, 10% available after 1 year from the ICO, and 10% available after 2 years from the ICO.
Can I mine the tokens?
For now, the Globitex GBX token can only be acquired during the Globitex GBX token sale.
When can the tokens be used?
The Globitex GBX tokens can be used after they are enabled on the Globitex GBX exchange.
If you have any questions or suggestions for the Globitex team, join our communities and conversations:
Globitex Exchange: https://www.globitex.com/
Globitex GBX ICO: https://www.globitexico.com/
Telegram: https://t.me/globitex
Reddit: https://www.reddit.com/r/Globitex GBX/
Twitter: https://twitter.com/globitex_?lang=en
Facebook: https://www.facebook.com/globitex/
Linkedin: https://www.linkedin.com/company/globitex/
Medium: https://medium.com/@globitex
