GCP

Globcoin Crypto Platform


The Platform will enable the launch of customised currency baskets for a variety of uses. Currency baskets are portfolios of selected currencies with different weightings.

Taking currency beyond national borders


Globcoin Crypto Platform
Accessibility

Used by Central Banks, very few people would have access to the network necessary to construct such an offering themselves. No retail bank or broker currently offers such a basket.

Flexibility

The Platform will provide flexibility to investors and allows them to express a view on a country or a group of currencies, or to hedge against the weakening of others.

Stability

The first basket to be launched, corresponding to the World Reserve Currency (which we call GLX), will enable its holders to tactically switch to the most stable instrument, proven historically to be even more stable than the Swiss Franc.

Scalability

This system allows Globcoin to create bespoke baskets for different markets.

Token sale

Participants willing to support the development of the Globcoin project can do so by registering using the "Sign up" button.


Technology

The GCP token is coded on smart contracts running on Ethereum.

Security

GLOBCOIN requires all supporters to proceed with a standard ID verification.

Token name

GCP

GCP created per 1 ether

100

Minimum contribution level in ether for each investor

0.1

Minimum ether to be collected (soft cap)

5,000

Maximum ether (hard cap)

150,000

Maximum number of tokens generated to crowdsale participants

15,850,000 (37.8%)

Maximum number of tokens generated to pre-sale participants

5,100,000 (12.2%)

Maximum number of tokens generated for future business development

12,570,000 (30%)

Maximum number of tokens generated to team, adviser and early backers

8,380,000 (20%)

Maximum number of GCP generated

41,900,000 (100%)

Whitepaper

Whitepaper

Whitepaper


You will find all the relevant information about the Globcoin ICO in the whitepaper.
Thank you for your interest in our technology.



Currency

1 GLX

1 USD

USD

1.0000

EUR

CNH

JPY

INR

GBP

RUB

BRL

MXN

CAD

KRW

TRY

IDR

AUD

TWD

XAU

...

Globcoin Platform use case 1

GLX

Globcoin’s GLX are tokens that function as a store of value and a medium of exchange. Every token represents 1 unit of a basket consisting of the national currencies of the 15 largest economies and Gold, as measured by GDP, adjusted by PPP.

Read More

Globcoin Platform use case 2

Multicurrency Payment Card

Globcoin Multicurrency Saving Account and Multicurrency Prepaid MasterCard is a platform accessible online or via an App, offering the combination of multicurrency payments and savings.

Read More

Tokenomics


GCP logo

GCP Utility Token

The GCP is a pure utility Token and is used to access the services of issuing or exchanging the tokens representing the currency baskets available on the platform. The GCP token is a link to the license for the use of various baskets linked to proprietary currency indices.

Each GCP Has the following rights:
- Exchange the currency baskets tokens such as GLX, directly with the issuer at 0% fee according to a grid calculating the required level of GCP holding per amount of desired transaction in currency basket.
- Get a direct access for trading on the Globcoin Exchange to benefit from the liquidity of the platform.
- Have the exclusive right to order for free the revolutionary GLOBCOIN prepaid multi-currency Platinum Mastercard *

* (still restricted to residents in the European Community or in a country member of the SEPA Area). The Globcoin card is distributed by a sister company based in the UK. It is in the Globcoin plan to make the GLX World currency available on such a card in the future. For more information on the Globcoin multi-currency card, please follow the link.

GLX Global Currency Token

When the first basket, the Global Currency Index and its associated token GLX will be launched, GCP holders will be able to exchange their fiat currencies for GLX with 0% fee. GLX will only be issued or exchanged for fiat currencies with GCP tokens.
GCP holders will be able to use the service of exchanging Fiat for GLX or GLX to Fiat currencies as many times as they wish. The GCP utility token has a limited supply of 41 900 000 tokens, and there will not be other GCP issued in the future.
The tokens associated with currency baskets will not have any supply limit. GCP tokens will be exchangeable for GLX token on public exchanges and directly with Globcoin team.

Business model

By acquiring the GCP, users can have access to the platform and trade currency baskets such as the Global Currency (GLX) without paying any fee according to the following schedule:

Transaction Amount in GLX basket

Level of GCP tokens required

From 001 to 1,000 USD

Amount in USD X 0,40 %

From 1001 to 10,000 USD

Amount in USD X 0,30 %

From 10,001 to 100,000 USD

Amount in USD X 0,20 %

From 100,001 to 1,000,000 USD

Amount in USD X 0,10 %


Example: An investor wants to buy GLX for an amount of USD 1,000 000. To have access to the liquidity of the Globcoin platform and to have zero fee to pay, he needs to hold: (1,000 x 0.004) + (9,000 x 0.003) + (90,000 x 0.002) + (900,000 x 0.001) = 4+27+180+900=1111 GCP. If GCP s market price is still 1/100 ETH ie 8 USD at current price, that represents 8,888 USD or 0.88 % of the amount traded. If he does not own the GCP, he has to buy GLX from an existing holder at an exchange that will probably cost him between 1% and 4 % for each trade, whilst the GCP is allowing an unlimited number of trades. In addition to this, the access provided by GCP is not limited in terms of number of trades. So with 1111 GCP he will be able to trade as many times as he wants up to an amount of USD 1 000 000. To analyze the dynamics of the business model, we have to assume that the value of a platform-utility token such as the GCP is the value of the services and discount it provides.

Why do we anticipate the demand for the GCP coin will grow?

Because the GCP is the base currency for Globcoin Platform and we already have a 5 year existing proven product, the first basket (GLX), and the experience of clients for it. We are also confident that the Global Currency Basket (GLX) will create a significant network effect that will provide an exponential growth potential. We also had requests for other type of baskets on the GLX model by several institutions. With every new user of the currency baskets, the demand for GCP grows and let us remember it is a very scalable product. Growing demand means a growing GCP price as the supply of GCP is limited to 41 900 000.

Timeline

Timeline of our vision.



2012
Publication of the Rulebook for a basket of currencies representing the World Global Economy

2014
Reserve Currency Solutions RCS SA based in Zug (Switzerland) is created

2016
Launch of Globcoin multicurrency prepaid Mastercard

01/08/2017
Partnership with Blockchain Partners

21/11/2017
Publication of the crowdsale smart contracts

08/01/2018
Globcoin Crypto Platform Pre-Sale

12/01/2018
End of GCP Pre-Sale

13/01/2018
Start of GCP Sale

31/01/2018
Conclusion of the Initial Token Sale

01/02/2018
Trading of GCP starts

Summer 2018
Launch of WebApp version of the Globcoin wallet