Wednesday, November 15, 2017

Globitex - the next largest exchange of global financial instruments

Bitcoin and cryptocurrencies based on the Bitcoin protocol are here to stay. In essence, the Bitcoin protocol has the right formula to become universal universal universal. Bitcoin is already functioning as a value store and exchange medium. However, to gain significance as an account unit in global commerce, it is necessary to scale both technically and economically.

GBX will serve the primary purpose of a trade settlement in Globitex exchange, serving as a commission payment token, as well as being used in program loyalty. The redeemed GBX Token is intended to be burned and therefore permanently removed from circulation.

GBX will be used to cover commission payments for trades made at
Globitex Platform All Globitex listed clients will be able to redeem GBX as commission payment. Initially tokens will be subject to a significant premium of not less than 20%. For example, at a price of GBX 1 = EUR 0.1, the client choosing to use GBX as payment for trading will be able to enjoy the following bonuses: GBX 1 =
EUR 0.1 + 20%. As time goes by, depending on the Company's overall success, the bonus will be plenty
improvements to stimulate the widespread use of the GBX token for trade settlement.

GBX is an institutional class Bitcoin exchange, with fully functional FIX API connectivity, offering direct market access to algorithmic merchants. Launched in the summer of 2017 as a working prototype, is being tested in a limited Beta mode and is expected to open in early 2018.

After building exchanges to meet the needs of sophisticated institutional clients, we now operate Globitex from the starting point to enable exchange of Bitcoin and Euro trading partners on a secure and established platform. Building Globitex with the goal for the future, however, requires handling one of the major problems facing Bitcoin: its liquidity, or its current shortcomings.

Business Development Stage

GBX is set so that Globitex can achieve the goals set out in the white paper. Token sales will be done in stages, each representing the team's commitment to provide specific business objectives. The purpose of business development is divided into three parts. Each section assumes a number of GBX tokens are sold and thereby enables the team to use the results to achieve the set goals.

Details Token GBX

Token name: Globitex Token
Token symbol: GBX
Lifetime tokens: 10 years (subject to renewal)
Token execution environment: Ethereal platform
Standard token: Smart contract approved by Ethereal EIP-20 (formerly known as ERC-20)
Decimal Token: 8
Currency sale tokens: Ether), Bitcoin (XBT), Bitcoin Cash (BCH)
Token emission standard price: GBX 1 = EUR 0.10
Minimum sales targets include pre-sales: EUR 1,000,000.00
Stage I sales target: GBX 50,000,000
Sales target phase II: GBX 150,000,000 (Stage I + GBX 100,000,000)
Sales target stage III: GBX 500,000,000 (Phase I + Phase II + GBX 350,000,000)
Soft cap: GBX 500,000,000
Minimum purchase amount: GBX 100
Sales start date: 08.11.2017 12:00 UTC
End date of sale: 07.12.2017 17:00 UTC

Early Participation Discounts During Token Sales

15% off for the first 20.0 GBX Token sold
10% off for the next 30,000,000 GBX Tokens sold
5% off for the next 50,000 GBX Tokens sold

Token Distribution

80% sold to contributors, 20% owned by the Company, which includes program rewards and referrals, if promulgated.

The GBX token will be sold during token sales in exchange for Ether (ETH), Bitcoin
(XBT) and Bitcoin (BCH) cash. Token distribution will be done after the end of the token sale.

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