According to their medium https://medium.com/@globcoin_io/an-introduction-to-glx-our-cryptocurrency-862739250126
- 100% backed by real assets, on a 1 X 1 ratio. The assets will be in custodian with a Prime Bank meaning that for every GLX issued there will be the collateral in Fiat currencies and Gold.
- Super stability. The GLX is even more stable against all major currencies than the Swiss Franc
- Usable as a unit of exchange. You will be able to exchange your USD, EUR, Swiss Francs or any fiat currency into the “GLX” — as many times as you wish and with 0% fee.
- Auditable. On one side, the composition of the basket is fully transparent in a very detailed rule book explaining the rules of allocation. On the other hand, 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.
Topic: What are the actual benefits of the GLX? (Read 101 times)
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