Announcing GDT, the Token to Power Globe Exchange
We are excited to announce Globe platform token (Globe Derivative Token, or GDT), designed to be used alongside our derivatives exchange. The GDT token has been created with the aim of supporting the long-term safety and integrity of Globe’s markets, and improve growth, and bring a more refined and enjoyable experience for the end-user.
GDT is at the heart of the Globe ecosystem, acting as a tool that provides meaningful utility to our users, as well as strengthens the exchange itself.
What does GDT do?
The GDT token has multiple functions. First, and foremost, it can be used to provide fee discounts which are calculated by the amount of tokens in the user’s possession. For instance, people who own $100 of GDT would receive 5% discounts, whereas people who own $10,000 of GDT would receive 20% discounts. It can also be used to pay for trading fees. This is extremely helpful as day-traders know all too well that trading fees and fee discounts can make all the difference when calculating profit margins and securing gains.
Staking GDT is also possible, which in turn provides a Globe Rewards boost, which is a unique system where completing certain tasks will give you raffle tickets, offering you the chance to win XBT on a fortnightly basis. As an example of the tasks in question, making deposits and sharing affiliate links gives you raffle tickets. Staking GDT is also a task that provides Globe Reward tickets. Additionally, staking will provide other benefits that are yet to be announced, including incentives for insurance fund staking. Staking offers users another, more reliable, avenue of bringing in income other than via trading.
Additionally, GDT will be usable as margin for trading pairs, allowing users to appreciate larger successes by amplifying trading results.
Sale structure
GDT’s pre-sale will have three distinct rounds:
- The Invited Strategic Partners (or Seed) round will see the sale of 11% of the total supply, at $0.15 with a 6-month lockup and vesting of 3 months after lockup.
- The Preferred Partners (or Strategic) round will see the sale of 3.5% of the total supply, at $0.40 with a 3-month lockup and vesting of 3 months after lockup.
- The Customers (or Private) round will see the sale of 1.5% of the total supply, at $0.80 with a 1-month lockup and vesting of 2 months after lockup.
This will then be followed by a public sale. These three rounds, along with the public sale, ensure that a reasonable amount of GDT will be in circulation, which helps with the price of the token when it hits the market.
Distribution
GDT will be distributed as follows:
- 30% will be held by the company
- 20% will be distributed to the team
- 20% will be acquired by users
- 15% will be distributed within the Globe ecosystem (to help the exchange run smoothly)
- 15% will be used for the insurance fund
Burning Procedure
Globe will be repurchasing and burning GDT tokens on a weekly basis, with this occurring until 50% of the total supply is burned. The buying back will happen at equal to 30% of trading fees, and at 10% of fees earned from all sources. This helps to slow down the inflation of the token and reinforce the value of the remaining GDT.
Future
The GDT token is a necessary element in the future of Globe as a unique and robust cryptocurrency derivatives exchange. This is the next step in ensuring the success and further growth of the exchange, providing an appealing and engaging system for traders to use on a regular basis. More will be revealed about the GDT token, its functionality, and its integration in the Globe ecosystem, in due time.
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About Globe
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