Globcoin Review “Cryptocurrency backed by 15 Global Currencies”

Globcoin Bringing stablecoins to the next level. A stable cryptocurrency backed by 15 global currencies and gold. It is used by Central Banks, very few people would have access to the network necessary to construct such an offering themselves. No retail bank or broker currently offers such a basket.

Technology Used in Globcoin

The Platform will provide flexibility to investors. It is corresponding to the World Reserve Currency (which we call GLX), will enable its holders to tactically switch to the most stable instrument, proven historically to be even more stable than the Swiss Franc. The GCP ERC-20 token is coded on smart contracts running on Ethereum that were deployed on the Ethereum mainnet.

For security purpose, everyone has to verify their identification by uploading government approved documents. All payments received for GCP tokens regarding the Initial Token Sale are held in escrow in a secure multisignature address.

Price of Globcoin ICO

Its current price is $1.17 and in Rupees, it is around 76INR. GLX token smart contract will be deployed in Spring 2018 and will be 100% backed on a 1 X 1 ratio. The assets will be in custodian with a Prime Bank meaning that for every GLX issued there will be the collateral in fiat currencies and Gold held at the Bank. GCP Utility Token will be the privileged access to exchange GLX for fiat currencies.

Globcoin Token

The Globcoin (GCP) is a pure 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 license for the use of various baskets linked to proprietary currency indices.

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.

By acquiring the GCP, users can have access to the platform and trade currency baskets such as the Global Currency (GLX) without paying any fee according to the schedule mentioned on their official site.

Future of Globcoin

The Future of Globcoin is seeming to be bright. The successful Pre Sale of GCP was ended in the first week of March 2018. It is having small hurdles which are easy to cross economically. It is believed that the hard of Globcoin team in the past two or three years will benefit them. At the beginning of 2019, the price will go high for sure (not guaranteed).

In our opinion, you may invest in this if you are willing to invest for long term. It would be beneficial for the initial users who are investing now in it.

Disclaimer – Investing in Cryptocurrencies are subject to market risk. Its all users interest to invest in any ICO.

I am 21 years old boy from Delhi NCR, India. I am having 4-year experience in cryptocurrency. I am trading in cryptocurrencies for 3 years.

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