BRINGING DIGITAL CURRENCIES TO THE NEXT LEVEL
Globcoin’s vision is to provide the World with global, accessible, low entry-cost currency solutions, which conveniently connect fiat and crypto to build the finance of tomorrow.GLX: 15 currencies and gold
In 2018, Globcoin launched its first digital currency: GLX, linked to a currency basket of 15 fiat currencies plus gold. The diversification of the basket makes the GLX super stable by construction (more stable than the Swiss Franc) and an excellent representation of the World Economy (80-85%), including both top G-10 economies and emerging markets.
How does GLX work?
GLX is the tokenized representation of the GRCI, a currency basket unit that tracks the 15 largest currencies in the world and gold, following an intuitive and unbiased approach.
The weights are calculated using Gross Domestic Product (GDP) data adjusted by the Purchasing Power Parity (PPP).
The GLOBCOIN Committee validates the weighting calculations and uses a protective mechanism to avoid the possible negative effects of any currency
The key philosophy of the basket is to replicate the world economy
The currency allocation is disciplined and systematic according to a very comprehensive Rulebook
This is a 100% backed token, 1-to-1 held in transparent and audited reserves
Benefits of GLX
STABLE (volatility 4.2%)
TRANSPARENT
LOW COST
DIVERSIFIED
LIQUID
A SAFE HAVEN IN CRYPTO SPACE
Real applications
Global remittances
Everyday purchases
Trading on exchanges
Unit of account for prediction markets
Safe store of value
Token sales and ICOs