Globitex The Best Linking Digital Currency to Global Trade

At its core, the Bitcoin protocol has the right formulae for it to become the leading universally accepted currency. Bitcoin already functions as a store of value and medium of exchange. But, in order for it to gain significance as a unit of account in global trade, it needs to scale both technically and economically. The three functions of money are (1) store of value, (2) medium of exchange, and (3) unit of account and they operate in a hierarchy, especially when bootstrapping a new money such as Bitcoin In order for the Bitcoin economy to achieve the necessary scale, it will require a substantial increase of liquidity which will likely result in greater price stability. Increased liquidity and relative price stability are a necessary step in the development of Bitcoin and cryptocurrencies as a global medium of exchange The formation of stable capital markets. The Token will be issued as an EIP-20 (previously known as ERC-20) compliant Ethereum smart contract. [2] The GBX Token will primarily be used for the settlement of trades on the Globitex exchange, serving as a commission payment token. The GBX Token will also function within loyalty programs planned for Globitex clients and contributors, whereby the contributors will be participating in  the company’s overall success. The GBX Token can be acquired during the Globitex token sale (www.globitexico.com) using Ether (ETH), Bitcoin (XBT) and Bitcoin Cash (BCH). The GBX token sale will be conducted in stages, each representing the team’s commitment to deliver specific business milestones as laid out in this White Paper.

About Globitex :

Globitex is an institutional grade Bitcoin exchange, with unrivalled API capabilities for direct market access. The purpose of Globitex is to advance the overall Bitcoin industry by scaling existing Globitex exchange infrastructure to the necessary industrial trading level, with a capacity to accommodate standardised money markets and commodities listings.

GBX token is organised in order for Globitex to be able to achieve the goals set out in the white paper. The token sale will be conducted in stages, each representing the team’s commitment to deliver specific business goals. These business development goals are divided into three parts. Each part assumes a certain amount of GBX tokens sold and thereby enabling the team to use the proceeds in order to achieve the goals set forth.

The Core System

Profile Of GBX TOKEN:The Core System consists of a set of services that ensure the operation of the exchange. The central components of the Core System are the Risk Management System, the Order Matching Engine, the Clearing and Settlement System, and the Data Feed Services. To handle high system loads and ensure fault tolerance, the Core System is designed to be modular, redundant, and CPU cycle and cache efficient. The system relies on advanced queuing and messaging techniques to achieve the highest throughputs with the lowest latency requirements. Ultra-low-latency communication protocols are used to connect the trading interfaces with the core modul.

Token name: Globitex Token

Token symbol: GBX

Token lifetime: 10 years (subject to extension)

Token execution environment: Ethereum platform

Token standard: Ethereum EIP-20 (previously known as ERC-20) compliant smart contract

Token decimal units: 8

Token sales currencies: Ether (ETH), Bitcoin (XBT), Bitcoin Cash (BCH)

Token emission standard price: GBX 1 = EUR 0.10

Minimum sales target incl. pre-sale: EUR 1,000,000.00

Stage I sales target: GBX 50,000,000

Stage II sales target: GBX 150,000,000 (Stage I + GBX 100,000,000)

Stage III sales target: GBX 500,000,000 (Stage I + Stage 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

Sales end date: 07.12.2017 17:00 UTC or 72 hours after the soft cap has been reached

Token distribution:

80%

Distributed to users

20%

Maintained by The Company

Discounts:

+ 15%

for the first 20,000,000 GBX Tokens

+ 10%

for the next 30,000,000 GBX Tokens

+ 5%

for the next 50,000,000 GBX Tokens

Globitex Team Team Core Jon Matonis, Chairman Liza Aizupiete, Managing Director Arvis Ermins, Director and Head of Compliance Maris Kaneps, Director and Head of IT Supervisory Uldis Teraudkalns, Chairman of the Supervisory Board Viesturs Tamuzs, Board Member Andris Kaneps, Board Member Advisory Mark O’Byrne, Bullion Dealer and Gold Market Analyst Carlos Blanco, Risk Analyst and Financial Modelling Expert Pierre Roberge, IT Security Expert Mikko Ohtamaa, Technology Advisor Ransu Salovaara, Token Sales Strategist Road Map Q2 2017 – BETA Launch of Globitex Bitcoin Exchange Q4 2017 – Globitex ICO Announcement Q4 2017 – Launch of Bitcoin Cash Trading, Deposits and Withdrawals Q4 2017 – Partnership with Electronic Money Institution Q4 2017 – Globitex Token Sale Q1 2018 – Open Public Launch of Globitex Services Q1 2018 – Launch of Additional Cryptocurrency Trading Pairs Q2 2018 – Launch of Additional Fiat Trading Pairs Q3 2018 – OTF (organised trading facility) Licensing Q4 2018 – REPO (Margin) Trading Launch Q1 2019 – BIBOR (bitcoin inter-broker offered rate) Launch Q1 2019 – Listing of Bitcoin Settled Commodity Futures Q2 2019 – Listing of Cryptocurrency Futures, Swaps and Vanilla Options Q3 2019 – Listing of Bitcoin Priced Globitex Commodity Index – GCOM Q3 2019 – Physically Deliverable Precious Metals Q4 2019 – Physically Deliverable Other Commodities Quick Link Official Website : https://www.globitexico.com Twitter : https://twitter.com/globitex_ Telegram : https://t.me/globitex Discord : https://discord.gg/d5h5nTV Reddit : https://www.reddit.com/r/Globitex/ Facebook : https://www.facebook.com/globitex/ Email : ico@globitex.com Whitepaper :https://www.globitexico.com/wp.pdf Announcement : https://bitcointalk.org/index.php?topic=2257529.0 Author: Peot https://bitcointalk.org/index.php?action=profile;u=1137199