GLOBCOIN depends on the sale of tokens. And you may wonder the purpose of such tokens. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The purpose of the Token Sale (GCP) is: - to provide additional funding to improve the current platform, taking advantage of the best of blockchain technology. - make the platform available to the widest community of users - spread the use of dedicated baskets in specific regions of the world, in compliance with applicable local regulations. History of GLOBCOIN Globcoin was found in Geneva, Switzerland in 1998 as Helie d'Hautefort Overlay Asset Management System. The company was founded with the aim of specializing in currency management for third parties. During 10 years of successful partnership with BNP Paribas, assets under management exceeded $22 billion, placing the company among the top 5 currency managers in the world. In 2012, the company decided to use new innovations and advanced technologies and provide currency management services. A basket of currencies was launched as the “Wealth Preservation Currency Basket” to protect large clients in a globalized economy. Currency Basket Opportunities Currency baskets offer business opportunities in a broader sense as they allow the user to transact across multiple currencies. It provides flexibility to investors to trade in any country on a group of currencies. It can also help the country to develop economically as it would improve the GDP of the country. For example: If an investor calculates that the value of the USD will be higher than that of another set of currencies, he or she can invest in the USD by purchasing a token. It can therefore monitor the performance of the dollar against other currencies. In case the dollar beats other currencies, it can sell its token and make profits. However, there are some problems to implement it. They are: Size barrier: Foreign exchange markets operate in large quantities. Price Barrier: Only experienced currency managers can effectively decide the price of each token relative to the basket of currencies. . The infrastructure barrier: Trading single currencies requires adequate infrastructure. The solutions offered Globcoin represents a turning point, as it is very convenient and professional in its operation. It runs on existing ETHEREUM blockchains. Since such blockchains operate on the public network; the cost of intermediaries such as banks and public institutions is completely reduced. The cost of transactions becomes substantial for the individual. However, banks and/or intermediaries would still be needed to turn the tokens into actual wealth. The tokens can then be traded on various platforms at a fraction of the cost, and the amounts can be large or small. The image on the next page shows how the contents of a cup of coffee can be purchased from various countries using tokens, and how currency exchange can help individuals easily trade abroad. The World Economy Globcoin replica tracks around 15 of the world's largest currencies and gold. Globcoin also serves as a reserve, making it the world's first reserve currency. The basket portfolio aims to capitalize on the market trend towards a globalized and multipolar world by leveraging intelligent algorithms that use each country's GDP corrected by purchasing power parity. Index Weight = Peso × 1+ Perf + Peso × 1+ Perf − Currency allocation is well diversified and covers 85% of the world economy. The Helie d'Hautefort team[CEO – Founder] Helie created the first European currency hedge manager, sold it to BNP Paribas AM and transformed it into a.