With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Global Listing Exchange is building the world’s only Capital Market Directory and Social Finance Network at GLX.com.
"The number of cryptocurrencies and exchange platforms are increasing each year. Currently, there are 190 exchanges, compared to 70 exchanges three years ago, on 15 March, 2015. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.
There are currently 1,568 different cryptocurrencies available, as at 21 March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. The first experiments in altcoins started happening in 2011 with Namecoin, iXcoin, SolidCoin and others being developed and released. Litecoin followed soon after in the same year.”
With that being said, GLX revolutionizes the way each and every member of the world’s capital markets connects, communicates, shares, and accesses information.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is Global Listing Exchange?
As depicted above and as indicated on the official website of Global Listing Exchange, Global Listing Exchange describes itself as “the world’s only capital market directory and social finance network.” The website maintains a list of companies and groups from across the financial industry, including clearing firms, transfer agents, PR firms, exchanges, institutional investors, family offices, and more. You can sort through companies by category, continent, country, association, regulatory authorities, and more.
Furthermore, GLX - Global Listing Exchange is building the world’s only Capital Market Directory & Social Finance Network at GLX.com. The destination is a global capital market news data portal and ground-breaking financial networking platform. The GLX platform will be developed as a blockchain based distributed network creating the world’s first Global Capital Market Computer. The GLX - DAppExchange (DappExchange.com) is GLX’s “decentralized appstore” where anyone can publish DApps that can be used in the GLX ecosystem.
The aim is global capital market news portals and innovative financial networking platforms. The GLX platform will be developed as a blockchain-based distributed network, creating the world's first Global Capital Market computer.
The mission is to make global capital markets more transparent, open and connected.
The Impending Challenges of the World’s Financial Markets
Lack of integrity/transparency
GLX Social Transforms How Users Connect, Communicate, Share, and Access Information:
CRM / Groups
Messenger / Board
News / Data
There are Class A and Class B GCs that can be used to pay for goods and services on the GLX platform. This is the exclusive payment protocol in the GLX ecosystem. A basic membership is currently priced at $1 USD per month. However, participants on GLX will be able to charge for blog posts and subscription services, among other products and services.
Class A GCs are available during the upcoming Global Listing Exchange ICO, and they’ll be exchange tradeable after launch. Class B GCs, however, are earned for loyalty and incentives provided by the platform, and they become freely tradeable 1 year from the date of issue.
The alpha release for GLX is available online today at GLX.com (the ICO website is ICO.GLX.com). At the alpha version of the site, you can view listed members by category or location. Categories include cryptocurrency exchanges, clearing firms, public companies, private companies, investment banks, accounting firms, and more. You can also sort based on associations and federations, regulatory authorities, countries and territories, and continents.
At GLX.com, you’ll find a directory of global capital organizations as well as news from the industry. Global Listing Exchange aims to change the way each and every member of the world’s capital markets connects, communicates, shares, and accesses information.
The website is powered by a token called the GLXCoin, or GC, which is an ERC20 compliant cryptocurrency built on the Ethereum blockchain. GC is a unit of measure and a medium of exchange.
Token and ICO Details
The GLX Network Token (GLXT) is a new series of digital hybrid utility tokens. GLXTs function as the exclusive payment mechanism and membership access device for the GLX ecosystem to incentivize key actions and needs within the platform.
Token Name: GLXT
Total Supply: 10,000,000,000
The GLXCoin crowdsale begins with a pre-sale from December 25 to January 14, followed by the main ICO from January 15 to February 14, 2018.
A total of 50 million Class A GLXCs will be sold during the token sale at a price of $1 USD per token.
You can use GLXCoins to pay for various services on the network.
GLX is based on a microtransaction system. According to the official whitepaper of GLX the possibility of charging $0.03 to access and read a blog post, for example, or paying $0.05 per day to get real-time access to fast information about a particular security.
GLX fees are set at $1 USD per month for a basic membership. Other GLX products and services have not yet been priced.
Utility & Work & Reward - HYBRID TOKEN
The GLX Network Token (GLXT) is a new series of digital hybrid utility tokens. GLXTs function as the exclusive payment mechanism and membership access protocol for the GLX ecosystem. They incentivize key actions and needs within the platform.
GLXTs are used to pay for goods and services on the GLX platform and can be earned for loyalty and incentives by signing up at GLX.com. We are creating a token based economy which enables us to economically execute microtransactions in our network.
Exchange of GLXTs is made possible by the GLX Exchange, which includes all explorer, vault, and wallet functionality. This will allow us to add more features to the GLX ecosystem and to grow our member base.
Utilizing the GLXT to facilitate transactions allows true utility to power the ecosystem. Users gain the ability to contribute work to GLX (post content, update profiles, launch dApps), while key actions are incentivized (developing dApps, sharing data, unbundling products).
GLXTs also provide liquidity at the architectural level, allowing GLX to build a cohesive experience across many fragmented devices and touchpoints.
Coming soon members will be able to obtain tokens for inviting friends to join the platform as part of GLX’s viral launch strategy to incentivize early adoption.
IP / Brand value
Vishal Singh joins GLX's advisory board
Michael J.Piatt joins GLX's advisory board
Developed the concept of financial graph.
Larry Jonston joins GLX's advisory board
Bases de datos integradas de back-end / front-end GLX
David L. Ronn joins GLX's advisory board
Global ad exchange
Barry Romich joins GLX's advisory board
Frank Heilman joins GLX's advisory board
Russ Feldcamp joins GLX's advisory board
Ben Fairbank joins GLX's advisory board
Start of blockchain development
Audited financial of 2015 and 2016 completed
Start the market / news data implementation
GLX Bl0ck Explorer starts up
GLX Equity Token creado en Polymath
2017/2018 financial revised CPA completed
Launch Security Token Offer (STO)
Social Sign in Goes live
GLX wallet goes live
Multiple quote of offshore currencies
The market / news data terminal goes live
GLX.com Beta goes live
Campaign for Viral Invitation
Audited financial 2017/2018
Board of Directors Formers
Form 1-A Sec Filling
Public offer of Reg A +
Partnership program for business innovation
Services for members / clients
Partnership development initiatives
Development of GLX core / ID
Start the development of XR
Start trading on a stock exchange listed in the United States.
Motor GLX MXRKET (SDK)
GLX Developer Campaign
GLX Global Economic Council
GLX 4.0 XR Board
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Telegram Bounty: https://t.me/glxbounty
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.