Press Release: Multi-currency payment platform Globcoin is planning to have an ICO in January (pre-ICO with 70% bonus from 8th to 12th, ICO from 13th to 31 st). The ICO will serve in providing additional funds for developing the current platform and making it available to a larger community of users.
This is a paid press release provided by Globcoin.
What Is Globcoin?
Globcoin is a fintech company which created a multi-currency payment platform that will enable anyone to make purchases and transactions with fiat currencies in a secure, cheap and fast way.
The platform creates a stable, safe and liquid digital currency linked to a basket of currencies from the 15 biggest economies in the world and 5% Gold. These currency baskets are portfolios of selected currencies which have different weightings. The use of a currency basket has been commonly used to minimise the effects of currency fluctuations.
For 5 years the company has been trading currency baskets for large clients on traditional foreign exchange markets and now they will provide this service to the general public.
Based on the Ethereum blockchain technology, this solution will enable everyone to access a service which was one reserved to a few privileged market participants. Aside from the aforementioned blockchain technology, Globcoin also relies on the following Group Structure:
Reserve Currency Solutions (RCS SA) established since 2012 in Zug, – which is used to make and improve managed currency products such as Global Reserve Currency. OptimInvest – is a currency manager and a regulated member of the OARG (Organisme d’Autorégulation des Gérants de patrimoine). It has the task of offering advisory mandates for large clients which have ties to the world of currency. G GLOBCOIN Ltd., created in 2016,this company markets one of the first multi-currency e-wallets linked to a multi-currency Platinum Mastercard that provides its owner an access to interbank foreign exchange rates and free instant peer-to-peer transactions in most of the world’s available currencies. Based in London, its clients are business and individuals travellers and expatriates out of 32 countries.
Through RCS, Globcoin will use in the first phases a Dual Token Solution, therefore having two Ether Tokens:
GCP is a Utility Token that was designed to support transactions on the platform and receive fees that cover the costs of the service. GLX is a token that has the function as a store of value, and it is linked to 15 of the most important fiat currencies in the world and gold. It is backed up 100% and at a ratio of 1 x 1. GCP tokens are needed when you want to issue and exchange GLX for fiat currency. The Globcoin Team
Its team is split between their headquarters in UK and Switzerland, being a mix of experienced individuals in matters of finance and blockchain technology.
Helie d’Hautefort is the company’s co-founder and CEO, known for setting up the first European currency overlay manager and then selling it to BNP Paribas and turning it into a world leader with a revenue of over USD 23 million of AUM.
Bertrand Weisgerber, co-founder, has actively participated in large ventures, and started his own investment company which applied new technologies in the traditional finance sectors. He also created the TLS Contact, now a well-established visa application center.
About the ICO
Globcoin is planning to have an ICO in January (pre-ICO with 70% bonus from 8th to 12th, ICO from 13th to 31 st ). The ICO will serve in providing additional funds for developing the current platform and making it available to a larger community of users.