Globcoin tokenized

Built and operated by RCS, the Globcoin Crypto Platform (GCP) will enable the usage of legally compliant tokenized currency baskets. Dedicated baskets will target specific communities, whether geographic or lifestyle-oriented.

GCP project encompasses blockchain technology and infrastructure, in a compliant framework and corporate structuring. Financing of the project will be covered by the issuance of tokens based on the Ethereum blockchain. Token holders will be rewarded through the growth and success of the platform.

RCS, based in Zug, the Swiss “Crypto valley”, together with sister companies Globcoin Ltd and Optiminvest Geneva, have been highly regarded over the years for their innovative currency solutions for a worldwide range of clients.

RCS is a company dedicated to research on Reserve Currencies that was founded in 2012 and since then has been advising clients on their optimal currency allocation. It also created the Global Reserve Currency Index as the best tool to reflect the world economy.

Globcoin Crypto Platform is dedicated to provide an infrastructure to build baskets of currencies which correspond to specific communities/users needs . This Platform will be used to launch currency baskets. Up until now, this was reserved only for large clients due to the huge fees and structure of foreign exchange markets. Thanks to Blockchain Technology, it is now possible to offer this to the public. The decentralization enables everyone to access what was reserved to a few privileged market participants.

Isn’t it a revolution that anyone, easily and at very reasonable costs, can behave like a central bank?

With the growing trend of Central Banks to build up currency baskets and/or to peg the national currency to a basket usually not disclosed to the public (China, Singapore,etc), currency baskets can provide the appropriate solution for a variety of needs. Currency Baskets encompass broad investment themes and can be used to express multi-currency views on a tactical, thematic or strategic basis. The Platform intends to 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.

Even if the benefits of currency baskets seem obvious, their use is restricted by several barriers.

• The barrier of size: the wholesale foreign exchange market only trade in large amounts
• The barrier of price: only experienced currency managers will get liquidity and good pricing for buying and selling the currency pairs needed in any basket
• The barrier of infrastructure: Buying and selling individual currency pairs, with the less liquid ones being quoted by a very limited number of counterparts, requires a dedicated infrastructure and experienced team

Solution

This is why our Group which has been at the forefront of innovation in currency management has been proposing to its large clients (institutionals and family offices) to set up currency basket dedicated to their own needs run by us.

The first basket that will be launched on the platform will be our “flagship“ GLOBCOIN, a basket based on 15 largest currencies of the world and 5% of Gold. By construction, this stable and asset-backed basket corresponds to the needs of many users. It will be an ideal complement for cryptocurrencies holders looking for a stable crypto portfolio. We have been trading this basket for our large clients on the traditional foreign exchange market.

Thought intensive studies, especially for specific clients in Asia, Africa and Western Europe, our platform will be able to launch dedicated tradable baskets to meet the needs of the clients. With just a click of a button, we want our individual clients in the future to be able to buy a basket of specific fiat currency and then add it to the current multi-currency GLOBCOIN prepaid card which is already running successfully.

Soft cap has been lifted due to funds raised in the private investment. The ICO pre-sale and crowdsale will happen till near of the end of mar. Hardcap has been revised to 12,000 eth.

For more news and updates please visit:

Website:https://globcoin.io/

Telegram:https://t.me/globcoin

Facebook:https://web.facebook.com/globcoin.io/?_rdc=1&_rdr

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