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Good day dear visitors of the site cryptoknows. The spread of the cryptocurrency world inevitably affects the work of all financial structures of our planet. Fiat, national currencies are no longer so valued by many well-known companies and people who have in their assets huge sums.
Some multinational companies have already embraced digital currency, and accept it as regular fiat, familiar money. In order to manage multiple assets and baskets, we need a platform that can combine a huge potential for managing these assets. Therefore, we would like to tell you about a unique and very promising project GLOGCOIN, which will help every owner of digital and various fiat assets. Let’s get started.
GLOBCOIN is a platform that provides the infrastructure to create wallets of specific currencies that will meet the needs of different countries, communities, and users. The GLOBCOIN platform allows you to launch customized currency baskets for a variety of purposes.
Currency baskets are portfolios of individual currencies with different values.
The platform will create customized baskets suitable for different needs of investors. The first released basket of the project will consist of 15 currencies including physical gold. The basket will be offered to investors as a GCP token, for easy use as payment or exchange, as well as to protect their data using blockchain technology. The project will also add a multi-currency card and GLOBCOIN app, so that people can buy a personalized basket easily on their smartphone.
How does the platform work?
GLOBCOIN develops a cost-based alternative monetary system without distorting economic instability. Unlike other blockchain-based platforms whose main settlement currency is cryptocurrency, the GCP token is backed by real assets with real creditworthiness.
All transactions will take place via P2P technology, offering its client cost-effective, convenient and fast transactions with full transparency, which is undoubtedly a huge advantage of a decentralized system based on blockchain.
What are currency baskets?
Currency baskets are portfolios of individual currencies of different values. Their composition and value depends on the purpose of the basket.
An example of a currency basket is the European currency unit, which was used by the Member States of the European Union as a unit of measurement before being replaced by the Euro.
Possibilities of currency baskets: These types of “monetary” baskets can cover a wide range of investment types and can be used to express multi-currency principles on a tactical or strategic basis. For example, if an investor believes that the dollar will generally strengthen against a selection of major world currencies, they could buy a token that tracks the performance of the U.S. dollar against a basket of currencies.
Challenges the platform may face
The benefits of currency baskets may seem obvious and obvious, but their use is limited by some barriers such as:
- Size barrier, amount of money: the foreign exchange market by its structure is designed mainly for large sums of money.
- Price barrier: only a very experienced currency manager will be able to get liquidity of assets and a good price for buying or selling currency pairs included in the basket
- Infrastructure barrier: buying or selling individual currency pairs requires a companda consisting of professionals and special infrastructure.
Pros of GLOBCOIN crypto platform:
- Universal accessibility.
- Currently, no modern bank or broker can offer such a large and flexible currency basket unlike GLOBCOIN.
- Platform flexibility.
- The project promises to be flexible and open to investors, allowing them to express their opinion about a certain country, or a group of certain fiat or digital currencies
- Excellent stability.
- The world’s first basket that will match the World Reserve Cryptocurrency GLX, allowing its owners to tactically switch to a reliable and stable instrument that is much more stable than the Swiss Franc!
- Scalability, multitasking.
GLOBCOIN crypto platform allows you to create customized baskets for different markets.
About the token (GCP) and ICO of the project
The company’s ICO will take place from March 4, 2018 to January 27, 2018.
The project token is ERC-20 standard and is built on the Ethereum blockchain.
Number of tokens: 510, 000, 000 GCP
The purpose of the GCP token is to:
To provide additional funding for the development of the current platform, taking advantage of the benefits of blockchain technology.
Through its availability, make the platform more accessible to a broader community of users.
To spread the use of the special token in specific regions of the world in compliance with local laws.
The unique GLOBCOIN platform is essentially a financial assistant, crypto-bank and currency manager in one system. This innovative project can serve a person as a regular bank with minimal transaction fees and a very useful tool for trading.
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