The “GLX” is a digital coin whose value is linked to a currency basket. This currency basket is 95% made of fiat currencies from the 15 largest economies in the World and 5 % made of Gold.
What's inside this "currency basket?
20,08% — US Dollar
15,35% — Euro
20,93% — Chinese Yuan
5,53% — Japanese Yen
8,59% — Indian Rupee
2,96% — English Pound
4,04% — Russian Ruble
3,73% — Brazilian Real
2,54% — Mexican Peso
1,83% — Canadian Dollar
2,06% — South Korean Won
1,75% — Turkish Lira
3,10% — Indonesian Rupiah
1,27% — Australian Dollar
1,24% — New Taiwan Dollar
5% — Gold
What are the benefits?
100% backed by real assets, on a 1 X 1 ratio.
Super stability (The GLX is even more stable against all major currencies than the Swiss Franc)
Usable as a unit of exchange. USD, EUR, Swiss Francs or any fiat currency can be exchanged to “GLX” .
Auditable.There will be an external auditor regularly auditing the currency deposits at the bank and checking that it perfectly matches the number of GLX issued.
It has already been offered to large, private clients for 5 years.
Taken from Globcoin Medium: https://medium.com/@globcoin_io/an-introduction-to-glx-our-cryptocurrency-862739250126
Topic: The "GLX"... what's it all about? (Read 57 times)
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