GLOBCOIN depends on token sales. And you may be wondering what these tokens are for. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get an original essayThe purpose of the token sale (GCP) is: - to provide additional funding to improve the current platform, leveraging of the best of blockchain technology. - make the platform available to the largest community of users - disseminate the use of dedicated shopping carts in specific regions of the World, in accordance with applicable local regulations. History of GLOBCOIN Globcoin was found in Geneva, Switzerland in 1998 as an overlay asset management system by Hélie d'Hautefort. The company was created with the aim of specializing in currency management on behalf of third parties. During 10 years of successful partnership with BNP Paribas, assets under management amounted to over $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 under the name “Wealth Preservation Currency Basket” to protect large customers in a globalized economy. Currency Basket Opportunities Currency baskets provide trading opportunities in a broader sense as they allow the user to transact in multiple currencies. It offers investors the flexibility to trade in any country on a group of currencies. This 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 USD will be higher than that of another set of currencies, he can invest in USD by purchasing a token. It can then track the performance of the USD against other currencies. If USD beats other currencies, then it can sell its token and make a profit. However, its implementation poses some problems. They are: The size barrier: foreign exchange markets operate on large amounts. The Price Barrier: Only expert currency managers can effectively decide the price of each token relative to the basket of currencies. . The Infrastructure Barrier: Trading individual currencies requires adequate infrastructure. The solutions offered by Globcoin are a game changer, as it is very cost-effective and professional in its operation. It runs on existing ETHEREUM blockchains. Since these blockchains operate on the public network; the cost of intermediaries such as banks and public institutions is completely reduced. The cost of transactions becomes significant for the individual. Yet banks and/or brokers would still be needed to turn the tokens into real 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 in different countries using tokens and how foreign exchange can help individuals easily trade abroad. Globcoin's replica of the global economy tracks about 15 of the world's largest currencies and gold. Globcoin also acts as a reserve, making it the world's leading reserve currency. The basket portfolio aims to capitalize on the market trend towards a globalized and multipolar world by leveraging intelligent algorithms using each country's GDP adjusted by purchasing power parity. Index Weight = Weight × 1+ Perf + Weight.