Globitex is a cryptocurrency exchange, fostering the development of Bitcoin as currency for global trade.
Learn more: https://crushcrypto.com/globitex-ico-review/
Project website: https://www.globitexico.com/
White paper: https://www.globitexico.com/wp.pdf
Download the PDF version of the presentation: https://crushcrypto.com/wp-content/uploads/2018/02/CrushCrypto-ICO-Review-Globitex-GBX.pdf
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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
What does the company/project do?
GBX tokens will primarily be used for the settlement of trades on the Globitex exchange and serving as a commission payment token. All registered clients of the Globitex exchange will be able to redeem GBX tokens as payment for commissions on their trades.
GBX tokens will also function within loyalty programs planned for Globitex clients and contributors, where the contributors will be participating in the company’s overall success.
Initially, the tokens will be subject to a premium of no less than 20%. For example, at the price of 0.10 EUR = 1 GBX, the client using GBX will enjoy a bonus of 0.10*120% = 0.12 EUR per 1 GBX. Over time, depending on company success, the bonus will increase to stimulate utilization of GBX tokens.
Redeemed GBX tokens are intended to be burned, permanently removing them from circulation.
Globitex expects GBX to have a 10-year lifetime, during which tokens can be redeemed and loyalty programs and other success-related benefits enacted.
As GBX tokens are used as a commission payment token, it should become more valuable as the Globitex exchange has more trading volume.
What are the tokens used for and how can token holders make money?
In order to access the Sentinel Chain platform, users will have to use SENC tokens. SENC tokens are primarily used as a medium of exchange for LCT, which is then used to make payments for services or participate in projects.
No other cryptocurrencies will be utilized on the marketplace, so as the platform grows in popularity, so should the demand for the token.
- Cryptocurrency exchanges that provide fiat on-ramp is a lot more difficult to operate than crypto-to-crypto exchanges due to regulation and compliance. Globitex is able to accept fiat deposit, which makes it stand out among most other cryptocurrency exchanges.
- Globitex is looking to provide much more than just cryptocurrency trading. Products including money markets, repo, futures, swaps, and options are tools that are used heavily by institutional investors. This is another way Globitex can differentiate against the competition.
- There is a burning mechanism for the token supply, so the token price can appreciate even if the value of the tokens as a whole do not increase.
- As with other tokens issued by exchanges, GBX token will most likely only going to be listed on the Globitex exchange and will not be supported by other exchanges.
The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.