GLOBCOIN has been at the cutting edge of the currency management industry, providing innovative currency solutions to global investors. The 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.
The first basket that will be launched on the platform is the Global Currency Index and its associated token GLX. Globcoin’s GLX are ERC-20 tokens that function as a store of value and a medium of exchange. Every token represents 1 unit of a basket - the GRCI basket - consisting of the national currencies of the 15 largest economies and Gold, as measured by GDP, adjusted by PPP.