GLX is a stable cryptoasset that functions as a store of value and a medium of exchange. The GLX payment token will hit the Ethereum blockchain in Q3 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.
Globcoin Crypto Platform launch
Regulatory framework, banks arrangements & auditors announced, IT back-end completed
Token & validation check & multi-signature escrow smart contracts
First partnerships announced
GLX quoted on exchanges (subject to regulations)
New Partnerships Announced
P2P transfers in GLX, the most stable cryptoasset in the world
GLX available on the e-wallets of the Globcoin card
Opening branches in Asia, Eastern Europe and South Africa to expand global footprint for GLX and the Globcoin card
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.