Revolutionizing Finance: How Globiance’s $GBEX Token and XDC Blockchain are Bridging Crypto with Traditional Systems
What is GBEX and what does it solve?
Built on the XDC/XRC-20 network, GBEX is the native token of the Globiance Exchange Platform. GBEX serves as a vital component for powering in-house transactions on the platform and plays an integral role in the platform’s ecosystem. $GBEX is unique for its deflationary design, which entails an integrated tax-and-burn mechanism. 2% of each transaction is burned from total supply and another 2% is distributed in the form of rewards to holders, resulting in a continuously decreasing token supply.
Token Overview
- Token name: Globiance Exchange Token
- Token symbol: $GBEX
- Total issue supply: 500,000,000,000,000
Coinstore Listing
- Trading pair: GBEX / USDT
- Trade time:2023/11/14 16:00（UTC+8）
- Withdrawal time: 2023/11/14 18:00（UTC+8)
What are the utilities of GBEX?
Built on the XDC/XRC-20 network — GBEX is based on the XDC Network and Blockchain 4.0 (XDPoS 2.0), which utilizes XinFin’s delegated ‘Proof-of-Stake’ consensus protocol.
- Low Fees : Transactions cost less than a penny and take mere seconds to process.
2. Deflationary: GBEX is a deflationary token by design and is compatible with the latest ISO 20022 messaging standards. GBEX holders are rewarded through its burn/rewards program.
3. Transact using GBEX: GBEX can be used for transacting on the Globiance Crypto Payment-Gateway, which is simple and effective way for businesses to offer digital transacting, with a variety of digital and stablecoin currencies to choose from.
4. Rewards: GBEX holders earn Free Daily GBEX Rewards simply by holding GBEX. Platform users can also earn a lifetime of GBEX Rewards when the person they refer signs up to Globiance using a ‘referral code’. Rewards can be redeemed daily by selecting the “Redeem Rewards” button on the Globiance App or website.
5. Staking : Globiance offers staking on select tokens including XDC and GBEX, at various rates throughout the year.
6. Protection from Whale Dumping: The Anti-Whale Dump feature on the Globiance Platform ensures that GBEX holders are protected from crypto-whales dumping Each individual wallet can only hold 0.5% of the total token supply. This makes it much more difficult for anyone who wishes to purchase large amounts of tokens with the intent to manipulate, to be successful.
7. LIVE Support: The Globiance offers live online support and is available to assist 24/7.
What does the project ecosystem include?
Globiance Exchange Platform: Globiance is an ISO 20022 compatible, banking & crypto exchange platform based on the XDC Network — (XinFin) Blockchain 4.0 which utilizes fast, military-grade, secure software. The platform offers minimal transaction / confirmation times, with low transaction fees. Globiance provides individuals and businesses with a wide range of services including; online exchange, trading, multi-currency wallets, crypto, fiat & digital-asset banking services, a crypto payment gateway, live market-trading, POS / QR code capabilities for business, and many other features — all of which can be accessed by using the Globiance Mobile App or via the website. Fully licensed and regulated, Globiance provides 24/7 access to crypto and fiat assets, a secure payment gateway, as well as payment resources for retail & businesses. The Globiance personal banking / debit cards make it possible for users to access fiat or crypto, shop, transact, earn rewards and more. Globiance has integrated a substantial rewards program into the platform which benefits GBEX token holders.
Globiance Ecosystem: The Globiance ecosystem involves a wide range of services and features through the platform. Globiance has integrated crypto and digital-asset transacting capabilities with traditional banking services, enabling users to transact using crypto, fiat, or digital assets effortlessly.
Crypto Exchange and Wallets : Globiance online wallets can accommodate both crypto and fiat currencies. All accounts support fiat-to-fiat, fiat-to-crypto, crypto to fiat, as well as crypto-to-crypto transactions through a fully licensed and regulated platform. In addition to this Globiance, offers a Centralized (CEX) and Decentralized (DEX) exchange for users interested in trading crypto.
Bank Accounts: Globiance offers SEPA and SWIFT accounts in over 25 different currencies, with a wide range of fiat and digital banking services combined onto one platform. This enables clients to manage funds via a single login, making transacting streamlined and efficient.
Crypto Payment Gateway: Globiance Crypto Payment Gateway provides clients with payment options in multi-currencies — fiat and crypto through a single interface. The payment gateway is available to all types of businesses — including higher-risk industries that may require faster settlement times. The payment gateway facilitates the use and acceptance of cryptocurrencies such as BTC, ETH, XDC, etc. and can replace traditional credit card gateways and their associated costs.
Solutions for Volatility and Payment Challenges
- Crypto Asset Volatility
The ecosystem addresses crypto asset volatility by enabling automatic conversion of crypto assets to fiat currencies or stablecoins. It offers solutions for merchants the ability to accept cryptocurrency payments, which can then be converted to fiat or vice versa.
2. Stablecoins
The Globiance platform offers stablecoins in a variety of popular currencies pegged at a 1:1 ratio to fiat, such as; USDG (USD), EURG (EURO), SGDG (SGD), HKDG (HKD), and others. Stablecoins can facilitate quick, low-cost, fiat movement, in and out of the exchange for payments, purchases or they can simply be held online in a readily-available digital form.
3. Proof of Reserves
Globiance uses a ‘Proof of Reserves’ process to ensure that its stablecoins are always backed 1:1 by a similar or higher value of the underlying fiat currency, enhancing trust and stability in the ecosystem.
4. Global Exchange Platforms (CEX)
Globiance global exchange platforms are set up worldwide, offering services customized to local markets and regulations. They feature multi-language and multi-currency wallets and accounts.
5. GlobianceDEX (Decentralized Exchange)
GlobianceDEX is based on the XinFin network and offers an interoperable blockchain network for global trade and finance.
6. Wallets: Clients can hold both fiat and crypto assets in Globiance wallets, with the majority of assets kept in secure, offline, ‘cold wallets’.
7. Multilingual Support and Device Coverage
The platform supports over 15 languages and offers web-based, Android, and iOS apps, along with an API for broader accessibility.
8. Regulatory Compliance
Globiance ensures safety and transparency by requiring all users to undergo KYC/KYB and AML checks.
9. Coming soon
Globiance is poised to broaden its horizons with the imminent introduction of a sophisticated GameFi ecosystem, an innovative Non-Fungible Token (NFT) Marketplace, and the GBEX Governance model. This expansion will provide a dynamic interface where gaming and finance converge, offering users a platform for engagement with digital assets. Additionally, the launch of the GBEX Governance token heralds a new era of participatory decision-making, empowering token holders to influence the allocation of network resources and guide the GBEX token’s strategic development. These forthcoming offerings underscore Globiance’s commitment to staying at the forefront of blockchain innovation.
Through these components, Globiance has created a comprehensive ecosystem that provides a broad range of financial services on a global scale, and aims to bring financial freedom to its users by leveraging blockchain technology.
GBEX Official Media
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