GLX is a stable cryptocurrency that functions as a store of value and a medium of exchange. The GLX payment token hit the Ethereum blockchain in Q4 2018.
|CURRENCY||1 GLX||1 USD|
GLX index is well diversified amongst G10, emerging currencies and gold and covers between 80% to 85% of the World Economy to create a Global Coin.
Everyone will be able to easily access a stablecoin representing not one, but a basket of relevant fiat currencies. Baskets of currencies have been used historically by Central Banks and other institutions, but no retail bank or broker currently offers such a basket.
This system allows Globcoin to create bespoke baskets for different markets.
The Globcoin Crypto Platform will provide flexibility to stablecoin users, and will allow them to hedge against any one weak currency by offering instead a hedge against a basket of currencies.
The first basket to be launched, corresponding to the World Reserve Currency (called GLX), will enable its holders to tactically switch within their crypto portfolio to a stable instrument, proven historically to be even more stable than the Swiss Franc.