Last Update
Feb 5, 2018
The GLOBCOIN Platform will enable the launch of customised currency baskets for a variety of uses. Currency baskets are portfolios of selected currencies with different weightings.
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.
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.
The GCP token is coded on smart contracts running on Ethereum.
The GCP is an 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 software license for the use of various baskets linked to proprietary currency indices.
Technical Roadmap
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Verified 30%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Tough competition with fintech and blockchain companies as well as with traditional banking Tough competition with ETHs and their diverse product range leaving Globcoin basket lagging behind. Lack of agreements with exchanges No mechanism indicated of ensuring tokenholder’s returns.
Development strategy is based on Globcoin’s current products but the company does not disclose its previous performance results. Lack of Revenue, Profit margin, Net profit and FCF forecasting Team and consultants’ part in token structure is high and equals to 20%. Also their compensation does not appear to be related to KPIs Transaction fees concept and forecasts stated are not described in clear way Funds usage process and plans are not disclosed High pre-sale discount (40%), that increases the risk of rapid token sell-offs after ICO start date and further falling token prices.
No blockchain specialist is found in the team Technical specialists do not have previous significant experience before entering Globcoin Some members combine Globcoin activity with working at other companies what may result in softening the focus on ICO project.
