When the page turns to Bitcoin and cryptocurrency, they seem to stay for quite a long time now. Bitcoin serves the purpose right and acts as one of the important media of exchange. However, evolving in all aspects is necessary and so; Bitcoin aims to scale itself economically as well as technically. There are many challenges that Bitcoin has yet to take care of. Its growth over the past years has been impressive and has flourished as one of the most popular multi-billion markets. Let me introduce one such platform
What is Globitex?
Globitex is a global medium that provides the facility of Bitcoin exchange. It also aims to serve as the institutional grade for the trading platform. As far as the reports are concerned, the project has successfully launched its beta version for now. Globitex was established in the year 2015 and within two years, it successfully launched its beta version.
Globitex has a lot of aims planned. Globitex is looking forward to launching pairs associated with the currency, expand and nurture the growth of Bitcoin globally.
The Globitex Token
The Globitex token is known to serve multiple purposes. For starters, it aims to settle trades on the exchange platform of Globitex. It also serves as a payment token for the commission. All the users who have successfully registered themselves on Globitex can easily redeem their GBX tokens.
The lifespan of a GBX token is ten years. During the time span, the tokens pass through a lot of phases. Anyone can buy a GBX Token at the time of the token sale. However, buyers can have access to GBX Tokens in exchange for Ethereum bitcoin.
The Working of Globitex
The beta version of Globitex allows users to follow trading of bitcoins and Euros amongst themselves. The procedure to participate in the process is very simple. The users who wish to participate will have to log in as a client on the official website of Globitex. The other options to login include accepting an invitation to become a member or make a usual sign up.
Globitex is totally obedient to high EU and AMI standards. Ultimately, that offers facilities which are better than every other platform.
Well, a little highlight is sure needed for the Globitex utility tokens. They play a major role in the Globitex environment. The primary purpose of the token remains same and that is to settle down the trades on the exchange platform. Along with that, it is also known for the commission it offers.
The Aim of Globitex (https://www.globitexico.com/)
First of all, for the future, Globitex has planned to introduce spot FX and REPO. The strategy will shine more when there is a huge funding received during the ICO. If the target is achieved, Globitex will take a step forward to develop the money markets of bitcoin. Apart from that, it will also take care of features like future options of the crypto world and market.
Secondly, Globitex is keen to develop a market which will function completely on cryptocurrency. This will make the participants eligible to showcase their assets. They can set certain maturity limit to their asset as a result of which they will receive interest rates which have already been allocated.
All of this will ultimately put the successful path towards developing and growing the money market. This will help in the emerging of Bitcoin, thus, making it one of the most liquid currency of all time.
The token sale & details
The token sale of Globitex has already begun and all the concerned details are available on the official website. The token sale will wrap up on 7th December 2017. For those participants who enrol themselves earlier in the token sale can enjoy a few delicacies which are:
- First 20,000,000 Globitex tokens spent successfully will offer a 15% discount.
- The next 30,000,000 Globitex token will offer a discount of 10%.
- The final 50,000,000 Globitex token will provide a discount of 5%.
Out of all the tokens available, 80% of it will be sold to the contributors. The rest 20% will be held by the company. The company looks forward to investing the tokens on infrastructure and nurturing the trading network thoroughly.
The Stages
During the token sale, the entire process will be divided into three stages. Each stage signifies something significant and the commitment of the team member to reach the ultimate business goal. The stages are described below.
Stage 1 – Spot FX and REPO
Stage 1 will consist of two steps. The number of expected tokens that are to be sold in the process is 10,000,000 – 50,000,000
Spot FX: In this stage, bitcoin is traded with other cryptocurrencies. It will contain business activities or maintain connections all over the world.
REPO – With the help of REPO, the Globitex customers can easily share loan with one another. The customers can use this loan for exchange purpose and clear their debts. This will help in enhancing the bitcoin world more and more with each passing day.
Stage 2 – BIBOR
Stage 2 will consist of three stages. The number of expected tokens that are to be sold in the process is 50,000,000 – 150,000,000.
BIBOR – It stands for Bitcoin Inter Broker Offered Rate. It targets on increasing its reach to the market depending on the demand of the market.
Future Scopes
Future of cryptocurrency: This will mostly focus on creating options that will help in implementing instruments for purposes like speculation and investing.
Stage 3 – GCOM
Stage 2 will consist of three stages. The number of expected tokens that are to be sold in the process is 150,000,000 – 500,000,000.
GCOM – It is the commodity index for Globitex.
Future contracts easily deliverable – The bitcoin derivatives that have already set up will be easily deliverable to one and all.
Developing infrastructure and expand other commodities.
The Final Verdict
Globitex is the ultimate bitcoin exchange platform that has made an impactful change in the past two years. The other platforms which are competing in the process definitely give a lead to Globitex. It also promises to provide a lot of advantages throughout. Therefore, Globitex is soon going to attain heights of success in the coming future
Visit:
Website : https://www.globitexico.com/
Whitepaper : https://www.globitexico.com/wp.pdf
Authored By: Etheran
Eth Addy: 0x2014D994888daC14566B12C1eF747B747A52cC4e