Globitex 

 Connecting Digital Currency with World Trade

Bitcoin and cryptocurrencies based on the Bitcoin protocol are here to stay. In essence, the Bitcoin protocol has the right formula to become universally accepted universal currency. Bitcoin is already functioning as a value store and exchange medium. However, in order to gain significance as an account unit in global commerce, it is necessary to scale both technically and economically.

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 trading partners Bitcoin and Euro on a secure and established platform. Building Globitex with a goal for the future, however, requires handling one of the major issues facing Bitcoin: its liquidity, or its current shortcomings.

Therefore, one of Globitex’s first goals is to launch another major currency pair; to expand the Bitcoin-FX order book, thus including instant trading, deposits, and withdrawals in major currencies around the world. The next step is to develop a kriptocurrency 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 boosting liquidity and matching Bitcoin’s supply and demand in the spot market, as well as for future time frames, potentially turning it into the most liquid currency.

As Bitcoin’s liquidity increases, and as large orders can be easily accommodated, Globitex will then enable a standard list of commodity futures and options in an open order book. Derivative contracts will be physically handed over and exchanged in Bitcoin as the underlying currency. For example, counterparties in derivative contracts can exchange physical commodities (crude oil, jet fuel, gold, silver, copper, corn, etc.) for a number of bitcoins at maturity of the contract, or opt out of the physical. shipping and settling in bitcoin instead.

Scaling Globitex into the spot of global spot and derivative trading will allow manufacturers to purchase Bitcoin-listed products. Trading companies and speculators will also be able to hedge their risks in Bitcoin with derivative contracts. Thus, the scaling of Globitex exchange will benefit Bitcoin and encourage its development as an appropriate medium of exchange to facilitate global trade, overcoming geographical, political or monetary restrictions.

Business Development Stage

In order to achieve the stated objectives, Globitex proposes a Sales Token, which will include the issuance and distribution of Token GBX. 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 Token GBXs sold, which in turn opens up the results needed to progress through each development stage specified here.

First Stage: Spot FX And REPO

The token is expected to be sold: 10,000,000–50,000,000 GBX

• Scale spot FX, where Bitcoin can be traded vs. major fiat and other crypto
• Apply FX — REPO trading margin capability

Second Stage: BIBOR, Money Market And Derivative Commodity

Expected tokens sold: 50,000,000–150,000,000 GBX

• Develop a money market Bitcoin — BIBOR
• Make a list of commodities futures and cash options
• List of future crypto currency, swaps and options

Third Stage: GCOM Commodities Index and Physical Commodities

The token is expected to sell 150,000,000–500,000,000 GBX

• List Bitcoin with commodity index price Globitex — GCOM
• Enable precious metal futures contracts to be physically delivered
• Next develops warehousing infrastructure and expands spot commodities

Details of Token Sales

• Token Sales Schedule : 8 November — 7 December 2017
• Purchase of Token : Ethereum, Bitcoin, Bitcoin Cash
• Token Price : 1 GBX = EUR 0.10
• Bonus : 5% — 15%
• Total Supply Token : 500.000.000 GBX

Meet The Team

1. Members

• Jon Matonis — Chairman
  Liza Aizupiete — Managing Director
  Arvis Ermins — Director and Head of Compliance
  Maris Kaneps — Director and Head of IT

2. Supervisory

• Uldis Teraudkalns — Chairman of the Supervisory Board
  Viesturs Tamuzs — Board Member
  Andris Kaneps — Board Member

3. Advisory

• Mark O’Byrne — Bullion Dealer and Gold Market Analyst
  Carlos Blanco — Risk Analyst and Financial Modelling Expert
  Pierre Roberge — IT Security Expert
  Mikko Ohtamaa — Technology Advisor
  Ransu Salovaara — Token Sales Strategist

For Detail Information You Can Visit :

Website : http://globitexico.com/
Whitepaper : http://globitexico.com/wp.pdf
Telegram : https://t.me/globitex
Facebook : https://www.facebook.com/globitex/
Twitter : https://twitter.com/globitex_

My Bitcointalk : 

https://bitcointalk.org/index.php?action=profile;u=1229230