Globitex- a Future of Bitcoin Exchanges
Globitex Limited has that interesting idea of making bitcoin a currency that will allow for commodity trading on a global scale. You might have trouble getting gold, silver or any precious metal across the border or buying an overwhelming amount of corn, coffee or cotton using your credit card. Globitex wants to make derivatives trading easier to its investors and increase liquidity, which is something that all cryptocurrency platforms are trying to achieve. It is widely known that the three functions of money are store of value, medium of exchange and unit of account. And if people treat the asset as a store of value, then it becomes possible for the asset to serve as a medium of exchange. In other words if Globitex means for bitcoin to reach the necessary scale for becoming a global medium of exchange, the company has to aim at price stability, which we know is quite the challenge for all cryptocurrencies. To achieve its goals, Globitex is issuing its own utility token- GBX token. It will be issued as EIP-20 and will serve as a way to settle trades on Globitex exchange as a commission payment token. It is really great that the GBX token will be used in the company’s loyalty program as well. That means that Globitex contributors will be a part of the overall success of the company. That’s good news for anyone who decides to help out. The next question one might have is- Where can I get GBX tokens? The answer to that is simple- at the Globitex token sale. What’s even more, you can use Ether, Bitcoin, and Bitcoin Cash, so you are not limited to any one currency that you can exchange to get your hands on GBX tokens. That’s good because nobody likes limitations, right? In that sense, there is nothing better than a platform that aims to serve a global customer base and gives you more freedom than you’d expect to have on the cryptocurrency market. In a very short time the company has closed the private Pre Sale while reaching the hard cap. I’d say that’s impressive, considering that the platform was released in beta just a few months ago.
When a new idea is presented to the public there is a general concern about how it’s going to work and it takes time for something good to really pick up and move in the light direction. The general acceptance of Globitex is quite good and their social media gives a lot of information and daily updates. I am happy to see that they even share the presentations made for the purpose of making the platform and its aims more understandable. Their Twitter page is followed by nearly 4000 people so that’s quite the popularity there. Daily updates are uploaded and any questions you might have are answered. Reddit seems to be on fire when it comes to Globitex. There are a few open conversations that discuss the company’s ideas and people seem to be quite interested in what’s going on with Globitex. Just over 3000 followers on Facebook support the project and I would imagine they are eagerly waiting to see what’s next. On Facebook there are also almost 1900 likes. ICO Bench gives an average score of 4.0, which is not to be underestimated.
The founders of the company are a team made up of traders who bring their experience and new visions to the Bitcoin industry. It is important to note that those guys have worked together before and for many years, in the field of asset management and derivatives exchange. So it is already evident that the ‘base’ team has a lot to bring to the Globitex table.
One very important role in the company is the role of chairman and the one who fulfills it is Mr Jon Matonis. He used to be an executive director and a founding member for the Bitcoin Foundation. He seems to be given as a good example to the London School of Economics and his work on digital cash systems and financial cryptography has been published by the European Central Bank.
For every cryptocurrency platform you would expect to have a very experienced risk analyst and that’s what Carlos Blanco does for Globitex. He is the managing director at Ascend Analytics and can easily give expertise in analyting modeling, optimization and simulation. That is sure to give investors some sense of security. And what would such a platform do without a token sales strategist. Mr Ransu Salovaara is CEO at TokenMarket which specializes in launching blockchain projects.
It is quite evident that the company has a handful of experienced professionals that have the capability of handling anything that comes their way.
Globitex have plans to put a lot of effort in expanding and seem to have a lot of ideas to do that. Let’s take a look at their roadmap to see what the future hold for this company and what they have already managed to achieve.
These guys are not to be taken lightly. They seem to be very ambitious and so far everything is going well.
The website has a very pleasant interface with easy connections to the whitepaper, business development stages and the token sale terms. And while it has only English as an option for languages, it is very easy to navigate in and gives all necessary information. I would say good job to that with the minor exception that the tech guys should probably consider making the website multilingual for more convenience.
Upon trying to download the whitepaper you can see that it will soon be available not only in English but also in Korean, Chinese, Russian and French. Seems that they are planning on breaking the language barrier which is very professional. Apart from that the whitepaper is very detailed and worded in a very precise way. Charts and analysis give more information about Globitex’s ideas and all of the goals that they strive to achieve. The whitepaper misses pictures of the team but that can easily be overlooked since you can see them on the website.
The sale cap is set at 10 000 000 and the standard price of a token is equivalent to EUR 0.10. Not bad at all. It’s really nice that the website also gives you the information about the minimum contribution which is EUR equivalent in XBT, ETH, BCH and it’s 10. The maximum contribution is set at 3 000 000. The public sale is to begin on 10th of February and comes with a nice set of discounts. For the first 5 000 000 GBX tokens Globitex gives you +10% and for the next 10 000 000 GBX tokens that’s lowered a bit to +5%. Still a pretty good deal.
Now that it has all been said and done, I think that Globitex will need some time to sell its idea but once it picks up it will get quite strong. I personally can’t wait to see how far they can go and am quite positive about what they can achieve. Sure, there are risks that are connected to what they do and to the work that their investors will do with them but this is cryptocurrency we’re talking about- there’s always risk. But if they keep up the good work I thing they have a lot that they can do.
Official Website: https://www.globitexico.com/
Whitepaper: https://www.globitexico.com/wp.pdf
Youtube: https://www.youtube.com/watch?v=sXiD6Vkh9T8
Facebook: https://web.facebook.com/globitex/?_rdc=1&_rdr
Twitter: https://twitter.com/globitex_
Telegram: https://t.me/globitex
Bitcointalk.org Profile: https://bitcointalk.org/index.php?action=profile;u=1701332
Bitcointalk.org Username: VelVenueva
