When the crypto currency concept was first launched, some on-lookers and bystanders concluded without fact that the quintessence was to defraud innocent members of the public for some people's aggrandizement and interest. This assertion was upheld by so many; discouraging others who are interested in the market to participant, thus one of the greatest challenges the market faced especially in the heat of unfriendly regulations meted out by government of some countries to stop the crypto currency market from moving to it next level of expansion.
Few years later, the industry has grown so much that the very government seeking to stop it operation became part of it in a dramatic turn around. At present, the market is accommodating more and more participants and investors, hence one of the fastest growing industries in the world. Almost everything is traded and exchange through the Blockchain technologically mediated mechanism. The crypto currency industry is carving a niche for itself and participants are as the day goes making different inventions to improve the system and make it better for generations coming up and for non-members who are interested in the market to queue in. There is however a problem of liquidity and exchange of crypto currency into other usable and acceptable medium of transaction in the global market, thus participants are looking for other ways to make the system better. As a die-hard crypto currency participant, I hope to exchange my virtual asset to other fiat currencies to meet up other demands of the global market but have not been very lucky not until I ran into https://www.globitexico.com/, a decentralized platform working to tackle the challenge of medium of exchange in the crypto currency market.
Globitex is autilitarian grade Bitcoin exchange, with a fully functional FIX API connectivity, offering direct market access for algorithmic traders. The concept which was launched in the summer of 2017 as a working prototype, is being tested in a limited Beta mode and is expected to begin open public operations by the beginning of the year 2018. The platform is creating a universal utility token called the GBX to help Bitcoin exchange and solve the first problem of liquidity. As a first step, the platform is creating a common medium of exchange to help participants of the crypto currency market to interchange their assets into other valuable forms. In a bid to make Bitcoin a global means of trading and a marketplace utility token, the platform is creating a mature borrowing and lending market where participants can cross-fertilize assets and make the currency a means of exchange on a permanent scale. To get background information on the GBX tokens and how it works in practicality, download 'White Paper' at https://www.globitexico.com/wp.pdf. The graph below shows the scale of maturity of the GBX tokens.
To meet up outlined objectives of the platform, ICO is on offer to allow participants take active part. Soft cap is set at GBX 50, 000, 000 with different stages of sales. To get different detailed information about the GBX tokens, click https://www.globitexico.com/wp.pdf. Sales of tokens will be announced at the last quarter of the 2017. I just subscribed to get my own tokens right away!
The team behind Globitex include Mr. Jon Matonis (Chairman), Ms. Liza Aizupiete (Managing Director), Mr. Arvis Ermins (Director and Head of Compliance), Mr. Maris Kaneps (Director and Head of IT), Mr Uldis Teraudkalns, (Chairman of the Supervisory Board), Mr Viesturs Tamuzs (Supervisory Board) and a host of others.