Using Bitcoin for Global Trade? A deep Insight of Crypto's world !!

Meet again with my post I will now introduce a project that connects digital currency with global trade that is globitex.

WHAT IS GLOBITEX?

Globitex is an institutional class Bitcoin exchange, with fully functional FIX API connectivity, offering direct market access to algorithmic merchants. Launched in the summer of 2017 as a working prototype, is being tested in a limited Beta mode and is expected to open in early 2018.
After building exchanges to meet the needs of sophisticated institutional clients, we now operate Globitex from the starting point to enable exchange of Bitcoin and Euro trading partners on a secure and established platform. Building Globitex with the goal for the future, however, requires handling one of the major problems facing Bitcoin: its liquidity, or its current shortcomings.

GLOBITEX OBJECTIVE?

Globitex's first goal is to launch another major currency pairs; to expand the Bitcoin-FX order book, including instant trading, deposits, and major currency withdrawals around the world. The next step is to develop a cryptocurrency money market, where qualified market participants can lend their assets over a period of time by setting market-based interest rates.

The development of the money market in Bitcoin will be a major catalyst in improving liquidity and matching Bitcoin's supply and demand in the spot market, as well as for future timeframes, potentially turning it into the most liquid currency.

To realize this goal, Globitex issues a GBX utility token. Token will be issued as smart contract Ethipen EIP-20 (formerly known as ERC-20). The GBX token will primarily be used for the settlement of trades on the Globitex exchange, which serves as a commission payment token. The GBX token will also work in the loyalty program planned for Globitex clients and contributors, where contributors will participate in overall success. To facilitate the use of Bitcoin as a medium of industry-scale exchange and also to enable its use in global commerce, we propose to use the existing Globitex exchange infrastructure and scale it into exchange with global spot and derivative exchange capabilities. , where standard instruments in key commodities are registered with physical delivery, and where Bitcoin is used as the underlying currency.

To achieve established goals, Globitex submits a Sales token, which will include publishing and distribution of the GBX token. Token sales will be phased in, each representing Globitex team's commitment to specific business development goals.

This goal is divided into three main sections. Each section assumes a number of GBX Tokens sold, which in turn opens up the results needed to progress through each development stage specified here.

TOKEN

Token will be represented as GBX. Token GBX will meet the basic needs of trading settlement methods on the Globitex exchange platform, filling as a commission payment receipt, and also used in loyalty programs. This token is based on the Smart Ethereal Smart Contract standard EIP-20.

Tokens will be purchased during token sales in exchange for Ether (ETH), Bitcoin
(XBT) and Bitcoin (BCH) cash. While the token distribution will occur after the token is sold out.

The GBX token will have a lifetime of 10 years, over its lifetime, tokens can be redeemed, loyalty programs and other successful benefits are achieved. After 10 years, the Company will revisit the Token GBX program and make important modifications regarding the continuation of the program.

The redeemed GBX tokens will be permanently burned to remove them from circulation. White paper: https://www.globitexico.com/wp.pdf.

Token GBX will be used to cover commission payments for trades made on the Globitex Platform All Globitex listed clients will be able to redeem Token GBX as commission payment. Initially tokens will be subject to a significant premium of not less than 20%. For example, at a price of GBX 1 = EUR 0.1, the client choosing to use GBX as payment for trading will be able to enjoy the following bonuses: GBX 1 = EUR 0.1 + 20%. Over time, depending on the overall success of the whole company, the bonus will be much improved to stimulate the widespread use of the GBX token for trade settlement. Furthermore, Globitex will offer member loyalty programs linked to other successes to reward its clients and token holders during the life of the GBX Token. Overall, GBX Token is expected to have a lifetime of 10 years, during which time, tokens can be redeemed, loyalty programs and other successful benefits are enacted. After 10 years
will pass, the Company will review the Token GBX program and make the necessary
adjustment of program continuity.

further information :

Website: https://www.globitexico.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=2257519.msg22854912#msg22854912
Whitepaper: https://www.globitexico.com/#whitePaper
Reddit: https://www.globitexico.com/: //www.reddit.com/r/Globitex/
Twitter: https://twitter.com/globitex
Facebook: https://www.facebook.com/globitex/

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

By RyanEncek
https://bitcointalk.org/index.php?action=profile;u=1076774