GLOBCOIN Crypto Platform (GCP, or GC platform) provides the infrastructure to build baskets of currencies
corresponding to specific communities/users’ needs.
GCP founders have been at the forefront of innovation in currency management for decades, offering to their
large clients (Institutional and family offices) dedicated currency baskets tailored to their own specific needs. The first basket that will be launched on GC platform will be our “flagship“ GLOBCOIN, a basket based on the
15 largest currencies of the world and 5 % weighted in Gold. This basket corresponds to the needs of many users. Since 2012, we have been trading this basket for large clients on a traditional foreign exchange forward
market. Such a basket was previously reserved for large clients due to the structure of foreign exchange markets. Thanks to blockchain technology, it is now possible to offer the basket concept to the community. By
construction, it is 100% asset-backed and very stable. It will be an ideal complement for cryptocurrencies holders wanting to stay in the crypto world but looking to secure part of their portfolio. Other currency baskets
have already been studied for specific clients in Asia, Africa and Western Europe and GC platform will be able to launch and manage such dedicated baskets according to client needs provided that the constituents of the
basket are tradable.
corresponding to specific communities/users’ needs.
GCP founders have been at the forefront of innovation in currency management for decades, offering to their
large clients (Institutional and family offices) dedicated currency baskets tailored to their own specific needs. The first basket that will be launched on GC platform will be our “flagship“ GLOBCOIN, a basket based on the
15 largest currencies of the world and 5 % weighted in Gold. This basket corresponds to the needs of many users. Since 2012, we have been trading this basket for large clients on a traditional foreign exchange forward
market. Such a basket was previously reserved for large clients due to the structure of foreign exchange markets. Thanks to blockchain technology, it is now possible to offer the basket concept to the community. By
construction, it is 100% asset-backed and very stable. It will be an ideal complement for cryptocurrencies holders wanting to stay in the crypto world but looking to secure part of their portfolio. Other currency baskets
have already been studied for specific clients in Asia, Africa and Western Europe and GC platform will be able to launch and manage such dedicated baskets according to client needs provided that the constituents of the
basket are tradable.
Our Vision
As
Marshall Mc Luhan rightly pointed out in his famous metaphor, the
digital age is shrinking the world into a “global village”. Our vision
is to revolutionize the access of people to currencies, to reinvent for
them solutions to protect their wealth in a new multi-polar world. We
wanted to make this possible by offering new tools where innovation and
experience come together for the benefit of our “Global village”
community.
Today people are in a more and more global world, but we still think in terms of local currency, we think and live global, but we save local! Our experts have already published several research papers on this paradox (see annex). Till recently these solutions could not be made available to mainstream users. Now we have a solution for this.
Today people are in a more and more global world, but we still think in terms of local currency, we think and live global, but we save local! Our experts have already published several research papers on this paradox (see annex). Till recently these solutions could not be made available to mainstream users. Now we have a solution for this.
Mission and Structure
Thanks
to the blockchain technology and Ethereum, GLOBCOIN will soon be able
to offer such a basket to every individual on Earth. We will provide the
cryptocurrency community with the best solution to ensure not
only wealth preservation of their portfolio in fiat currencies terms, but liquidity, stability and safety at a small cost. Having an ERC20 token eases transferability, and the Globcoin currency basket brings an exposure to the 15 largest economies in the world plus Gold. For this solution to be available to the billions of people these
benefits can attract, we rely on the Ethereum blockchain technology and the experience of the following Group Structure:
- Reserve Currency solutions (RCS SA), was established in Zug, Switzerland in 2013 to create and develop managed currency products such as a Global Reserve Currency, an index that can be assimilated to a “World Currency”. RCS owns several pieces of IP related to multi-currency index management.
- OptimInvest is a currency manager based in Geneva and is a regulated member of OARG (Organisme d’Autorégulation des Gérants de patrimoine). It offers advisory mandates for large institutions and family offices based on the above-mentioned concept of a “world currency”.
- GLOBCOIN Ltd, our London-based company, created in 2016, currently markets one of the first multi-currency e-wallets linked to a debit card providing interbank rate access to currency markets and free P2P transfers in most world currencies.
In order to achieve his vision, GLOBCOIN through RCS Zug, SA, will initially use a Dual Token solution with similarities to what was done with the tokenization of Gold by Digix and the DGX / DGX tokens. We developed
two Ether tokens:
- GCP, A Utility Token that represents a platform used to issue and access various currency baskets, including but not limited to the World Reserve Currency (GLX).
- GLX, a Token representing an exposure to the 15 largest fiat world currencies and Gold. The GLX is 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 necessary to issue and exchange GLX for fiat currencies.
only wealth preservation of their portfolio in fiat currencies terms, but liquidity, stability and safety at a small cost. Having an ERC20 token eases transferability, and the Globcoin currency basket brings an exposure to the 15 largest economies in the world plus Gold. For this solution to be available to the billions of people these
benefits can attract, we rely on the Ethereum blockchain technology and the experience of the following Group Structure:
- Reserve Currency solutions (RCS SA), was established in Zug, Switzerland in 2013 to create and develop managed currency products such as a Global Reserve Currency, an index that can be assimilated to a “World Currency”. RCS owns several pieces of IP related to multi-currency index management.
- OptimInvest is a currency manager based in Geneva and is a regulated member of OARG (Organisme d’Autorégulation des Gérants de patrimoine). It offers advisory mandates for large institutions and family offices based on the above-mentioned concept of a “world currency”.
- GLOBCOIN Ltd, our London-based company, created in 2016, currently markets one of the first multi-currency e-wallets linked to a debit card providing interbank rate access to currency markets and free P2P transfers in most world currencies.
In order to achieve his vision, GLOBCOIN through RCS Zug, SA, will initially use a Dual Token solution with similarities to what was done with the tokenization of Gold by Digix and the DGX / DGX tokens. We developed
two Ether tokens:
- GCP, A Utility Token that represents a platform used to issue and access various currency baskets, including but not limited to the World Reserve Currency (GLX).
- GLX, a Token representing an exposure to the 15 largest fiat world currencies and Gold. The GLX is 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 necessary to issue and exchange GLX for fiat currencies.
USE CASE 1: GLOBCOIN
A basket based on the Global Reserve Currency Index
1. Problem: The need for a “Global Currency” in a global World
We
are in a VUCA (Volatility, Uncertainty, Complex and Ambiguity) world
where both politics and economies are uncertain. In 2016, US
presidential election and Brexit caused upheaval in global financial
markets. Monetary
policies in most countries aim at weakening their currency to boost export, as we saw in Japan and China.
policies in most countries aim at weakening their currency to boost export, as we saw in Japan and China.
As
of now the end of Quantitative Easing policies is yet to be confirmed
in Japan and the Eurozone. Increasing globalization of trade and
investments makes the “base currency concept” more and more outdated.
Using a single currency as a reference for valuation is no longer
desirable when no single currency is stable or resilient enough to
preserve value.
Globalization of the economy is widely recognized but not fully perceived as a threat to the purchasing power.
Today, the value of your cup of coffee, like your wealth, is sensitive to currency fluctuations. It is estimated that the value of the USD, still perceived as the main reserve currency, in the global economy has lost over 20%
since 2000. As your home currency depreciates, so does your global purchasing power. Reduce volatility through diversification, away from a single central bank control and event risk.
Globalization of the economy is widely recognized but not fully perceived as a threat to the purchasing power.
Today, the value of your cup of coffee, like your wealth, is sensitive to currency fluctuations. It is estimated that the value of the USD, still perceived as the main reserve currency, in the global economy has lost over 20%
since 2000. As your home currency depreciates, so does your global purchasing power. Reduce volatility through diversification, away from a single central bank control and event risk.
2. Solution: a reserve currency basket that replicates the world economy
The GLOBCOIN is a currency basket unit that tracks the 15 largest global currencies and gold. It follows an
intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy
evolves. These characteristics allow the GLOBCOIN to act as a global store of value, effectively creating the
world’s first “reserve currency”.
The portfolio of the basket aims to capitalize on the market trend towards a globalized and multipolar world by
leveraging smart algorithms using the GDP of each country adjusted by the Purchasing Power Parity.
intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy
evolves. These characteristics allow the GLOBCOIN to act as a global store of value, effectively creating the
world’s first “reserve currency”.
The portfolio of the basket aims to capitalize on the market trend towards a globalized and multipolar world by
leveraging smart algorithms using the GDP of each country adjusted by the Purchasing Power Parity.
USE CASE 2: GLOBCOIN CARD
GLOBCOIN
Ltd is a sister company registered in the UK. GLOBCOIN had its genesis
in the desire to bring the sophisticated techniques only available so
far to large institutions to the man of the street level.
Since June 2016 the GLOBCOIN® Multi-currency Saving Account
and the GLOBCOIN Multi-currency Prepaid MasterCard are offered
to clients in the SEPA region (Western Europe). The platform is accessible online or via an app, offering the combination of multi-currency payments and savings. GLOBCOIN®makes the life easier, cheaper and gives you full control when itcomes to managing the foreign currency exposure.
In a word GLOBCOIN means reinventing global access to
currencies. Think of it as your own private financial assistant, bank
and foreign exchange agent all in one. You can store your money in
your GLOBCOIN account like you would in any other bank account, Ewallet,
travel card, etc. transfer it into a range of different currencies, pay people, receive money, withdraw cash and buy things online.
GLOBCOIN provides market-leading pricing and technology, wrapped in an easy to use app suitable for all types of customers — expats, travellers, students, and, increasingly, “Global nomads”.
It is the perfect solution for anyone looking to save money when travelling or sending money abroad. GLOBCOIN represents the future of FX, bringing the powers of global markets to the fingertips of its cardholders. We plan to add the GLX to the currencies available on the card. We are adding new customers each day, without widespread expensive advertising, but mainly by word of mouth.
Since June 2016 the GLOBCOIN® Multi-currency Saving Account
and the GLOBCOIN Multi-currency Prepaid MasterCard are offered
to clients in the SEPA region (Western Europe). The platform is accessible online or via an app, offering the combination of multi-currency payments and savings. GLOBCOIN®makes the life easier, cheaper and gives you full control when itcomes to managing the foreign currency exposure.
In a word GLOBCOIN means reinventing global access to
currencies. Think of it as your own private financial assistant, bank
and foreign exchange agent all in one. You can store your money in
your GLOBCOIN account like you would in any other bank account, Ewallet,
travel card, etc. transfer it into a range of different currencies, pay people, receive money, withdraw cash and buy things online.
GLOBCOIN provides market-leading pricing and technology, wrapped in an easy to use app suitable for all types of customers — expats, travellers, students, and, increasingly, “Global nomads”.
It is the perfect solution for anyone looking to save money when travelling or sending money abroad. GLOBCOIN represents the future of FX, bringing the powers of global markets to the fingertips of its cardholders. We plan to add the GLX to the currencies available on the card. We are adding new customers each day, without widespread expensive advertising, but mainly by word of mouth.
THE TOKEN SALE
The
proceeds from the funds of the Token Sale will be dedicated to platform
development, productlaunch, marketing and PR, customer acquisition and
partnership programs. They will also finance the operations of GLOBCOIN
for the next 2 years including legal and administration costs,
operations, administration, PR and marketing. It will enable us to hire
the best talent in each field to reach the high objectives we have as an
ambition for GLOBCOIN.
GO TO MARKET STRATEGY
The target client base is twofold:
- The crypto currency community. GLOBCOIN is the first to fill a gap between the crypto world and the world of fiat currencies. We propose a solution for holders of cryptos who want to diversify at least part of their portfolio.
- Individuals who have an exposure to the volatility of currencies, such as: Students Business Travellers, holiday takers, expatriates, online shoppers, Global Nomads.
- The crypto currency community. GLOBCOIN is the first to fill a gap between the crypto world and the world of fiat currencies. We propose a solution for holders of cryptos who want to diversify at least part of their portfolio.
- Individuals who have an exposure to the volatility of currencies, such as: Students Business Travellers, holiday takers, expatriates, online shoppers, Global Nomads.
The target market is twofold:
- Cryptocurrency investors looking for a stable and asset-backed coin.
- National currencies holders wishing to diversify.
Both markets being huge, we will look at current market cap of existing few companies offering tokenized fiat currencies such as USDT. From there, we make assumptions about what percentage of the market cap can becaptured by solution like GLOBCOIN and apply our calculation of the value of the discount offered to the GCP holders, evaluated for simplification purpose at 1 %.
GLOSSARY OF TERMS
•
Fiat currencies: Fiat money is a currency without intrinsic value
established as money by government regulation or law. The term derives
from the Latin fiat used in the sense of an order or decree.
• Crypto currencies: A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
• Currency pegged: Countries with mature stable economic markets use a floating rate. The alternative system is a peg or fixed exchange rate system this is where the exchange rate is set and artificially maintained by the government the rate will be pegged to some other country’s currency usually the US dollar and will not fluctuate from day to day
• Currency basket: A portfolio of selected currencies with different weightings. A currency basket is commonly used to minimise the risk of currency fluctuations. An example of a currency basket is the European Currency Unit that was used by the European Community member states as the unit of account before being replaced by the euro.Another example is the special drawing rights of the International Monetary Fund.
• Purchasing Power Parity (PPP): The PPP is an economic theorem which states that a basket of equivalent goods should cost the same in every country and that adjustments in the exchange rate is the mechanism by which this parity occurs
• Volatility: refers to the degree to which the value of an asset fluctuates. It is a mathematical measure of the variation of returns for an asset over a period of time.
• Crypto currencies: A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
• Currency pegged: Countries with mature stable economic markets use a floating rate. The alternative system is a peg or fixed exchange rate system this is where the exchange rate is set and artificially maintained by the government the rate will be pegged to some other country’s currency usually the US dollar and will not fluctuate from day to day
• Currency basket: A portfolio of selected currencies with different weightings. A currency basket is commonly used to minimise the risk of currency fluctuations. An example of a currency basket is the European Currency Unit that was used by the European Community member states as the unit of account before being replaced by the euro.Another example is the special drawing rights of the International Monetary Fund.
• Purchasing Power Parity (PPP): The PPP is an economic theorem which states that a basket of equivalent goods should cost the same in every country and that adjustments in the exchange rate is the mechanism by which this parity occurs
• Volatility: refers to the degree to which the value of an asset fluctuates. It is a mathematical measure of the variation of returns for an asset over a period of time.
DISCLAIMER
THE
INFORMATION SET FORTH BELOW MAY NOT BE EXHAUSTIVE AND DOES NOT IMPLY
ANY ELEMENTS OF A CONTRACTUAL RELATIONSHIP. ITS SOLE PURPOSE IS TO
PROVIDE RELEVANT AND REASONABLE INFORMATION TO POTENTIAL TOKEN HOLDERS
IN ORDER FOR THEM TO DETERMINE WHETHER TO UNDERTAKE A THOROUGH ANALYSIS
OF THE COMPANY WITH THE INTENT OF ACQUIRING GLOBCOIN CRYPTO PLATFORM,
GCP TOKENS. NOTHING IN THIS WHITE PAPER SHALL BE DEEMED TO CONSTITUTE A
PROSPECTUS OF ANY SORT OR A SOLICITATION FOR INVESTMENT, NOR DOES IT IN
ANY WAY PERTAIN TO AN OFFERING OR A SOLICITATION OF AN OFFER O BUY ANY
SECURITIES IN ANY JURISDICTION.IT IS YOUR SOLE RESPONSIBILITY TO ENSURE
THAT YOUR PARTICIPATION IN THE TOKEN SALE IS NOT PROHIBITED UNDER THE
APPLICABLE LEGAL RESTRICTIONS IN YOUR COUNTRY OF
RESIDENCE OR DOMICILE.
RESIDENCE OR DOMICILE.
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