Token/Symbol

GBX

Type

ERC20

Platform

Ethereum

Accepting

ETH,XBT, BCH

Token Count

3,000,000

Price

1GBX = 0.10EUR

Details
β Analysis
Financial
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Description
Team
Roadmap
White Paper

GBX token will serve the primary purpose of a means of settlement of trades on the Globitex exchange, serving as a commission payment token, as well as used within loyalty programs. Redeemed GBX Tokens are intended to be burned and therefore permanently removed from circulation.

GBX Tokens will be usable to cover commission payments for the trades made on the Globitex platform. All registered clients of the Globitex exchange will be able to redeem GBX tokens as payment for commissions. Initially the tokens will be subject to a significant premium of no less than 20%. For example, at a price of GBX 1 = EUR 0.1, the client opting to use GBX as payment for trades will be able to enjoy the following bonus: GBX 1 = EUR 0.1 + 20%. Over time, depending on overall Company’s success, the bonus will largely increase in order to stimulate widespread utilisation of GBX tokens for trade settlement.

Furthermore, Globitex will offer other Company success-related member loyalty programs to reward its clients and token holders during the GBX Token lifetime.

Overall, GBX Token is expected to have a 10 year lifetime, during which time, tokens can be redeemed, loyalty programs and other success-related benefits enacted. After 10 years will have elapsed, the Company will review the GBX Token program and make the necessary adjustments on continuation of the program.

Token/Cryptocurrency Index Futures

Likewise, as the overall market for tokens and cryptocurrencies develops and becomes more sophisticated, Globitex will be in a position to standardise a relevant selection of tokens and cryptocurrencies into indices. Such indices will function much like traditional equity indices, for which there will also be a standardised futures market, provided by Globitex.

Demand

If one were to effectively purchase a shipload of coffee in Bitcoin, one would need first convert one’s Bitcoin to US Dollars, and then enter a forward or futures trade with physical settlement. This transaction would favour the USD fiat currency by demand directed towards conversion and then settlement for the trade and delivery. If however, commodities had a direct pricing mechanism for Bitcoin on an organised exchange, it would diminish demand for fiat currency and therefore increase demand and subsequently liquidity for Bitcoin as a currency and unit of account. By allowing Bitcoin to be used as a medium of exchange on Globitex for global trade scale consumption and production of goods, such as commodities, it will strengthen Bitcoin’s relevance as a currency or unit of account globally.

The Core System

The Core System consists of a set of services that ensure the operation of the exchange. The central components of the Core System are the Risk Management System, the Order Matching Engine, the Clearing and Settlement System, and the Data Feed Services. To handle high system loads and ensure fault tolerance, the Core System is designed to be modular, redundant, and CPU cycle and cache efficient. The system relies on advanced queuing and messaging techniques to achieve the highest throughputs with the lowest

Token Details

Token name: Globitex Token

Token symbol: GBX

Token lifetime: 10 years (subject to extension)

Token execution environment: Ethereum platform

Token standard: Ethereum EIP-20 (previously known as ERC-20) compliant smart contract

Token decimal units: 8

Token sales currencies: Ether (ETH), Bitcoin (XBT), Bitcoin Cash (BCH)

Token emission standard price: GBX 1 = EUR 0.10

Minimum sales target incl. pre-sale: EUR 1,000,000.00

Stage I sales target: GBX 50,000,000

Stage II sales target: GBX 150,000,000 (Stage I + GBX 100,000,000)

Stage III sales target: GBX 500,000,000 (Stage I + Stage II + GBX 350,000,000)

Soft cap: GBX 500,000,000

Minimum purchase amount: GBX 100

Sales start date: 08.11.2017 12:00 UTC

Sales end date: 07.12.2017 17:00 UTC or 72 hours after the soft cap has been reached

More Info

Website : https://www.globitexico.com/

Whitepaper : https://www.globitexico.com/wp.pdf

Facebook : https://www.facebook.com/globitex/

Twitter : https://twitter.com/globitex_

Telegram : https://t.me/globitex

Linkedin :https://www.linkedin.com/company/6377653/

Discord : https://discordapp.com/invite/d5h5nTV

Team

	Jon Matonis Chairman Jon is the Chairman of the management board at Globitex. Previously Jon served as Executive Director and a Founding Board Member for the Bitcoin Foundation; held a position of the Managing Director for the Lydia Group; and worked as the CEO and Board Director of Network Inference, and before with Hush Communications. Jon is also a columnist at Forbes Magazine, American Banker, PaymentsSource, CoinDesk, and Editor of The Monetary Future, a leading economics blog at the intersection of free banking, cryptography, and digital currency. Jon currently is a Board Advisor to startups in bitcoin, gaming, mobile, and prepaid companies. Jon holds a BA degree in Economics from George Washington University (USA). His early work on digital cash systems and financial cryptography has been published by Dow Jones and the London School of Economics, as well as by the European Central Bank.
	Liza Aizupiete Managing Director Liza is a co-founder and the Managing Director at Globitex. Liza’s previous roles include various executive roles in Asset Management with MTG Capital Group. She was a Portfolio Manager, trading commodity spot and derivatives markets globally, specialising in mainland China markets. Liza worked in business development, marketing and client acquisition, while managing overseas business operations in Shanghai. Previously she worked in research and fund management with one of the leading Swiss microfinance institutions – Symbiotics. Liza is a BA major in Philosophy from the Swiss Université de Genève and passionate about the Austrian school of economics.
	Arvis Ermins Director and Head of Compliance Arvis is is one of the co-founders and the head of Compliance at Globitex. Arvis began his career with Deloitte & Touche Latvia and the Constitutional Court of Latvia. He was a founding partner of MTG group where he acted as the head of legal and compliance team responsible for documentation and due diligence. His extensive experience in trading spot and derivatives markets in China and globally led to a deep understanding of the global markets from legal perspective. Arvis graduated from University of Latvia with a Master's degree in law.
	Maris Kaneps Director and Head of IT Maris is one of the co-founders and the head IT architect of Globitex system. Maris graduated from Riga Technical University with a Master's degree in computer science. He worked for Traffic Bureau of Latvia and Motor Insurers Bureau of Latvia. Maris took a leading role in development of information system for Third Party Liability Insurance for inland motor vehicle owners in Latvia. He is one of the developers of Bonus-Malus system for insurance of inland motor vehicles in Latvia. Maris also was responsible for development of automated trading systems at MTG Capital. He has extensive experience in financial markets and was implementing automated trading strategies for futures and spot markets since 2008 and in cryptocurrency trading in various exchanges since 2012.
	Uldis Teraudkalns Chairman of the Supervisory Board Uldis is a supervisory board member at Globitex. Uldis has a Master’s degree in Finance from the Stockholm School of Economics in Stockholm. His background includes managing a VC fund for several years while also managing investments for private individuals acting as the board member and investment manager at Eko Investors. Uldis also has experience from the banking industry where he held different positions within SEB corporate banking. Currently Uldis manages assets for high net worth individuals and works as a business consultant while also serving on various company boards.
	Viesturs Tamuzs Board Member Viesturs is a member of the supervisory board at Globitex as well as an early venture capital investor of the Globitex project. Viesturs graduated from the University of Latvia with a Master's degree in chemistry. He is an active venture capitalist and founding partner and chairman of the supervisory Board at Eko Investors as well as founder and previous chairman of the Latvian Private Equity and Venture Capital Association. Currently Viesturs also serves as the chairman of the supervisory board of vertically integrated waste management group AS Eco Baltia, and previously worked as the CEO of SIA Stora Enso Packaging Latvia, head of Lithuanian and Estonian branches.