Today I will shortly review another Swiss origin company — Globcoin. Group was founded almost 20 years ago in 1998 in Geneva, Switzerland.
Nowadays Globcoin is bases in Switzerland and the UK and aimed to Crypto market by implementing new digital coin — GLX, which is linked to a basket of fiat currencies of the 15 largest world economies and 5 % Gold. Its value reflects the world economy including its new components and trends such as the booming economies of countries like China or India, while maintaining a good balance of the currencies of Western economies.
You can ask why we need such a coin, but you will get an answer — we all live in globalized world. Where even 1 cup of coffee comes from few different lands and each land want to receive payment is own currency. With ongoing concerns for the global centralised banking system, people feel now less confident about their own currency, as they lose trust in their national currency and so the function of “store of value”. Clear evidence now suggests a “Global currency” is needed as a medium of exchange, as a store of value and as a unit of account.
The GLOBCOIN is a currency basket unit that tracks the 15 largest global currencies and gold. It follows an intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy evolves. These characteristics allow the GLOBCOIN to act as a global store of value, effectively creating the world’s first “reserve currency”. The portfolio of the basket aims to capitalize on the market trend towards a globalized and multipolar world by leveraging smart algorithms using the GDP of each country adjusted by the Purchasing Power Parity. So in easy words GLOBCOIN will be a first global coin. (more information, descriptions of index, formulas you can find in Globcoin whitepapers — https://globcoin.io/wp-content/uploads/2017/11/Whitepaper.pdf) Already 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. You can load your account via bank transfer or debit/credit card in the currency of your choice, convert currencies at the interbank rate, spend and withdraw money abroad. There are no commission and no hidden fees! And what is good for us, consumer — GLOBCOIN card is free of charge and without obligation. This card would be perfect for you if you travel a lot, or use multiple currencies and want to get a best exchange rate, or you can use a card as local card in the Euro area, the UK, the US, Switzerland, Canada and Poland. You can apply for a card, or download an APP — https://client.glob-coin.com/en/creation
Ok, now finally about most interesting things tokens, ICO, softcaps, hardcaps. Pre-Sale is planned for early 2018, to be exactly 08/Jan/2018 and will run for 4 day till 12/Jan/2018. Bonuses will apply during pre-Sale. So if you plan to invest, I suggest you to mark 08/Jan/2018 in your calendar, and keep in mind, that Cap for pre-Sale is limited with 30,000 ETH 13/Jan/2018 will start main event ICO and will run till 31/Jan/2018 Base price will be 100 GCP for 1 ETH (at the moment ~ 3,66$ for 1 GCP (1ETH = 366 USD) SoftCap is 10,000 ETH, if it will be not reached you can claim a refund HardCap 150,00 ETH Total amount of tokens will be 41 900 000, they will be shared accordingly
What is important — KYC/AML procedures will apply, so be ready to share some certain level information with Globcoin. (KYC — Know your customer, AML — anti-money laundering)
Resume: Project look perspective, because of interesting idea, already working card and very experienced team. If you got some free funds, Globcoin might be good investment. Thank you for reading, subscribe and follow me.
Website: https://globcoin.io/
Whitepapers: https://globcoin.io/wp-content/uploads/2017/11/Whitepaper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1050687
