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Step-by-Step Guide: I have never joined an ICO, how do I participate?

To participate to the GCP token sale, you need a wallet website or a wallet app where you and you only holds the private keys. Private keys are needed to correctly interact with smart contract functions, like transferring tokens.

DO NOT PARTICIPATE TO THE GCP TOKEN SALE DIRECLY FROM CRYPTOCURRENCY EXCHANGE ADDRESSES.

YOU NEED A TOKEN COMPATIBLE ETHEREUM WALLET.

Compatible wallets

The following wallets are known to be compatible with Ethereum tokens (ERC-20 standard):

Please contact us at ico@globcoin.io if you have updates to the token compatible wallet list.

Incompatible wallets

Do not use the following wallets to participate any token sale. First move your ETH to a compatible wallet in the above list:

To join our ICO

Step 1: Open a wallet through MyEtherWallet. Safely store the information for your private key and address.

Step 2: Buy ETH or Bitcoin through a recognised exchange and send it to your wallet.

Step 3: Please click the "Sign up" button at the top of our website globcoin.io.

Step 4: Fill up the form with your personal information and click on 'proceed with KYC'.

Step 5: The next screen is our KYC verification process, quick and simple - Download the free YOTI app onto your smartphone.

Apple: Yoti iOS Android: Yoti Android

Step 6: Open the free Yoti app and follow the instructions. Yoti is currently available on iOS (iPhone 4S and above) and Android devices. Yoti is compatible with iOS 10.0 and above, Android 4.1 and above. Do not install Yoti on a tablet.

Check if your passport is within this passports support list.

To scan your passport, please follow this process.

If you have an Android smartphone with NFC enabled, please follow this process to scan your passport chip.

If then, the scan of your passport chip does not work, please read carefully these explanations and retry.

Step 7: Press 'Scan Code’ on Yoti app.

Step 8: Hold your phone over the Yoti QR Code.

Step 9: Still on Yoti, press 'Allow'

Step 10: Your identity has been now fully verified! You will be redirected to the https://globcoin.io/success.html. If the redirection does not happen, please contact us.

Step 11: Then, Globcoin will do an Anti-Money Laundering (AML) check on your ETH (or BTC) address.

Step 12: You will receive an email:

  • to confirm you’re signed to the whitelist.
  • before the presale with further details on which Ethereum address you can send your ETH for the GCP token sale.
  • 48 hours after the sale finishes, an email back saying we confirm your ETH has been received and confirming your token allocation.

Do you only accept ETH?

Our Smart Contract has been coded to accept Ether only. This increases the level of security for supporters exponentially. We’ve also made the process of buying GCP tokens much simpler, as the ERC20 wallet you send ETH from, is the wallet that your GCP tokens will be sent to. We have decided to also accept BTC and FIAT currencies for amounts of minimum USD 25K equivalent, which we then convert to Ether for you, we need to set a minimum level so we cover our conversion costs to ETH.

When will I receive my GCP tokens?

You will receive your tokens on the first of February 2018 (after the sale finishes 31 Jan 2018).

What is a currency basket?

A currency basket is a wallet or portfolio of different currencies. Just like putting any goods in a basket, the market talks of ‘currency baskets’ as a selected grouping of national currencies, and in the future of national AND cryptocurrencies. Globcoin has selected 15 currencies and gold, and run them as a basket we abbreviate to GLX.

What is the difference between GCP and GLX?

GCP = Globcoin Crypto Platform. GLX = the basket of 15 currencies and gold referred to in our use case, already running in traditional markets. This token sale is for GCP: a utility token that allows the platform to be developed, and where you share in the growth of the platform’s use. For further details please refer to the WhitePaper.

What is the minimum amount I can invest?

0.1 ETH, for contributions in ETH. For minimum amounts in BTC and FIAT currencies this is currently $25,000 equivalent.

What are you doing to prevent hacks?

Our smart contract has been created by our partner and a reputable company Blockchain Partners. Followed by the completion of the smart contract we had it audited by an equally well known third party who have no prior relationship with Blockchain Partners. Due to the recent hacks, we thought it was important to also let the community have a stab at finding any bugs with the code, so we put in place bug bounties with significant rewards for finding bugs but in the last three weeks there have been no bugs reported.

How can you assure stability for GLOBCOIN tokens?

We are launching a proven product (as use case GLX) from a proven team on an established and viable platform (GCP). All our pre-marketing suggests this will be a successful development. GLOBCOIN has been at the cutting edge of the currency management industry, providing innovative currency solutions to global investors. It is backed by real asset with unlimited supply that enables sustainability. Fair quotation and almost 0 spread make it a better means of exchange P2P payments like Venmo, PayPal and Square Cash which allow users to send one another money from their mobile devices through a linked debit card but it is in one currency. Enabling P2P payments to be “currency neutral” is a big step forward in this growing industry.

If the tokens are so stable, how can I expect to make monetary gains?

The price appreciation of GCP will be driven by the rate of adoption of the Platform and the success of each currency basket that are launched using the infrastructure. As the GCP token holders do not receive any dividends and there is a limited number of tokens issued, if GLOBCOIN is widely adopted the value of the tokens is expected to increase.

Who is your target audience?

- The crypto currency community. GLOBCOIN is the first proposition to fill the gap between the crypto world and the world of fiat currencies. We have a solution for holders of cryptos who want to diversify at least part of their portfolio into another altcoin. - Individuals who have an exposure to the volatility of currencies, such as: Students Business Travellers, holiday takers, expatriates, online shoppers, Global Nomads, and want to access use case GLX through participating in the GCP platform.

How can GCP tokens be used in the future? What does the owner get from them?

Participation in a growing scheme as the GCP infrastructure builds out and we capture transactional fees from the currency baskets we launch. We have looked at information from the existing few companies offering tokenised fiat currencies such as USDT. From there, we have made assumptions about what volume of the market can be captured by larger and more flexible solutions like GLOBCOIN and applied our basic fee schedule, which you can find in the White Paper.

When can I trade my tokens? And where?

You will be able to trade your tokens once they are listed on a cryptocurrency exchange and on our own platform, when we have developed this and subject to regulatory approval. We are currently in talks with 3 of the major currency exchanges and plan to reveal our final decision upon completion of our ICO.

Can I mine GCP tokens?

No, you cannot mine GCP tokens.

Do you have any giveaways?

Yes, we have a bounty campaign running till the end of the ICO. You can find further information on our campaign here. (insert link). Also please see the bonus awarded for joining us in the presale period (FAQ below).

How do I know my money is safe?

Monies will be stored safely in a multi-signatory wallet before being coded into the Smart Contract.

What kind of token is GCP?

GCP is a utility token designed to support transactions on the Globcoin Platform. GCP allows participation in the development of the platform; and to help add other currency baskets. It is not a security token.

Why should I join the pre-Sale?

Because there is a 70% bonus on token distribution during the pre-sale period only. Instead of receiving 100 GCP per 1 ETH, you will receive 170 GCP per 1 ETH during the presale period 8-12 January 2018. Please note, the number of tokens available for the pre-sale is limited: they will be allocated on a first come, first served basis.