The Globe Token Project: The hive of transactional value
Endeavours to create an environment where money can be transferred around the globe instantly
Chief Executive Officer
Kyle has his Honours in Industrial Engineering and has four years of experience working in the supply chain industry. He is an entrepreneur who runs a successful business venture and has been an avid believer in the cryptocurrency industry for several years.
His expertise extends from category management and supply chain planning all the way through to engineering optimisation of retail logistical operations.
He has a wide variety of contacts across the industry that are invaluable in influencing and fostering strategic relationships with retailers and banks alike to realise the larger strategic objectives of The GlobeToken Project.
Chief Technology Officer
JP has his Honours in Business Information Technology. He has over seven years of development experience in the banking and retail sector. His expertise lies in building high volume transactional, payment and accounting software.
He has recently immersed himself in the detail of building proper user-friendly interfaces and is extremely motivated to create the simplest, fastest payment and retail reward platform out there.
Chief Operations Officer
Dean has his Masters in Aeronautical Engineering and is an Associate Lecturer at the University of the Witwatersrand. His aerospace expertise has led to the development of keen problem solving and strategic thinking ability.
With his problem solving skills and keen intellect, Dean could even help The GlobeToken Project soar to incredible heights, possibly even the moon.
Dean is actively involved in development, oversees the strategy of the project, manages our social media and is responsible for team morale (jokes are made at his expense and we get motivated).
- Crowdsale (95%)
- Team (4%)
- Charity fund (1%)
- Development (76%)
- Legal (4%)
- ICO Prize Allocation (2%)
- Marketing (5%)
- Ad Hoc Operations (3%)
- Reserve (10%)
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
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The GlobeToken project is a digital asset based on the Stellar network. As a result, market-based transaction mechanisms with small commissions are implemented in it. Transaction time range from 1 to 5 seconds per transaction and the fee is 10μ XLM (0,000003 dollars). The network is decentralized and unchanged, it guarantees that all transactions are secured and transparent. The project was created in February 2018 in order to provide a cryptocurrency that can do the following:
-Integration with loyal points of retailers
-Integration with mobile payment providers.
Risks and disadvantages
The idea that the project is trying to implement has already been repeated many times by numerous start-ups and large firms. The protocol of Stellar cryptocurrency is used by some large banks, as well as IBM, and this is besides to small start-ups. All of them use Stellar for fast transactions between users with minimal commissions. So, all the principles that are laid in this project are already being used by other companies.
I think that this project wouldn't be able to be recognized for a number of reasons. First of all, tough competition with large companies that already use such kind of solutions, and also, the price of cryptocurrency primarily depends on the market, and this isn't taken into account in the project at all.
Bonuses to the early buyers bring in many clients to take up the opportunity and also gain more tokens hence covering the targeted targets. Development has been offered a large portion which shows that the venture will be able to sustain its future targets.
Risks and disadvantages
The number of employees employed is quite small and might not be able to serve the available market effectively. its not advisable to invest in startups that do not have reserve tokens.
Having a press team is important to a project because it contributes to the awareness scheme intended and needed by the project.
A variety of currencies are allowed on the globe platform so the value of the token will be very stable and will gain value much quicker. The targeted market is on a large scale and also the acceptance and use of the cryptocurrencies will be promoted by the services being provided hence this increases its chances of prosperity.
Risks and disadvantages
The desired results from the awareness through the social media platforms might not be achieved because of the limited people that interact with the platforms
Bounty programs are the best requirement to deal with social media awareness through referrals. The dynamics of the projects operation support even existing ICO projects so its use might be found necessary on a large scale.
The project has variety of social networks for communication with its audience ( Facebook, Twitter, Medium, Reddit, Telegram). Moreover, the are also bonuses for people who invested at the early stage of token-sale.
Risks and disadvantages
Nothing mentioned about advisors and partners. The platform has no working platform yet, which is a disadvantage.
The overall idea looks vague. It is unclear what new features the team want to implement. I would not recommend people to invest in this ICO.
This startup is rated by many companies, it has accounts on social media. The goal of the project is to create a convenient and universal payment tool.
Risks and disadvantages
I would prefer to see a video presentation. I think this is the case when presentation must be excellent and all the documents must be made perfectly. Otherwise investors will just pass by, because there are many projects like this.
I don't see why this startup is better than any other startup with the similar idea. This idea is very popular, but I think just a few teams will be able to succeed in this sphere.
The project aims to create a fast and convenient way of making payments and to integrate with large retailers. Tokens remaining after the sale will be destroyed and I suppose new tokens will not be issued.
Risks and disadvantages
I`m not sure that 5% of the budget will be enough for a good marketing campaign.
The idea is ordinary. And the presentation is ordinary. There is no MVP. And very high level of competition.
What's Being Sold?
A utility token called a GlobeToken. Globetoken is an asset on the Stellar Network. The full supply is intended to be sold through the Initial Coin Offering. If there are unsold tokens following the ICO, these will be destroyed. The ticker symbol is GLO.
What Is The Utility of GlobeTokens?
Good question, you’re obviously quite the savvy investor. We aren’t pretending like our token is going to change the world. Nor, are we pretending that we have tokenised some process in the world that probably doesn’t even need to be maintained on a blockchain.
In fact, our token is built purely for transactionary purposes. Safe, fast, reliable and cheap on an immutable blockchain. The crypto industry has strayed so far from where it originally started, that most cryptos don’t even cater for the basic purpose that they were first created.
Our first development task is to create a fully functional, safe and user-friendly wallet. One that you actually want to use and is even simpler than logging into your bank account to make a transaction.
Who Should Invest In This?
Anyone can invest in GlobeToken provided you meet the Terms and Conditions of the ICO sale.
The people who should invest in GlobeToken are the people who are actually going to use it. Buy some GlobeTokens, make use of our friendly wallet and send money to anyone, friends, family and businesses alike who adopt it. Cheaply, safely and extremely quickly.
Example: You live in Africa, your retired mother lives in Canada and it’s an expensive hassle to send her money every month. Well, GlobeTokens are here to help! Cheap, fast and simple enough that your technologically challenged mother shouldn’t have any difficulty on her side either!
Will GlobeToken Be Traded On Any Exchanges?
Yes. Our goal is to get added to as many reputable exchanges as possible. Following the ICO, this will be our immediate and primary goal.
Why A Stellar Asset and not a More Commonly Accepted Ethereum Token?
An ERC20 token was considered however, the Stellar network is as simple, if not simpler to work with than the Ethereum network and offers something that the Ethereum network does not. Ridiculously low fees (approximately 1/20000th of a dollar) and Flash-like transaction times (2-5 seconds), both of which are attributes a token focused on transactional value must have.
How Many GLO Are There?
The max supply is capped at 7.6 billion GLO. 7.22 billion GLO will be available for purchase during the ICO. The circulating supply will be whatever tokens are sold during the ICO and the balance will be destroyed. No further tokens will be created. This maximum amount was chosen to represent the total population of the planet at token creation – just because.
Why Can We Only Participate In The ICO Using XLM?
Lumens are the native currency on the Stellar Network and power the network itself. As GLO is an asset on the Stellar Network it was decided that we would only accept Lumens (XLM) during the ICO as a show of support and to make the process easier for participants and for the management of the ICO funds ourselves.
What Happens If I Send XLM Directly From An Exchange? (eg: Bittrex, Kraken)
Any attempt to send XLM from an unregistered address, or directly from an exchange during the token sale will result in not being able to purchase GlobeTokens and your XLM may be permanently lost.
What Is The Minimum/Maximum Amount of Tokens I Can Purchase During The ICO?
There are no minimum or maximum limits to how much you are allowed to purchase.
What Is The Token Delivery Plan?
GLO will be distributed to your account as soon as you have registered as a participant and deposited your desired amount of XLM into our holding account.
On token delivery, the tokens will be delivered to each purchaser in an amount equal to the price per token in XLM (as determined at the ICO stage the tokens were bought) times the amount of XLM the purchaser submitted. Please see the pricing guide for detail on the price per lumen that the GLO will be available at. The earlier the participation, the better, as there is a bonus incentive to adopting early.
Are There ICO Incentive Bonuses Being Offered?
Yes, these bonuses assist in encouraging early participants to enable the setup and continued development of the start-up.
Why Is The Rewards System Part Of The ICO?
To encourage participation in the ICO of course. We like presents just as much as the next person. And let’s be honest, we didn’t know we had a life goal to give away a Lambo, but we definitely do now.
How Will The Rewards System Work?
1 GLO represents one entry of your elected Stellar Address into the rewards draw. For every GLO you purchase during the ICO Sale, you will be receive one entry equivalent. The higher tier we achieve, the better the chance to win something. In fact, the odds are significantly better than winning the US Megamillions Jackpot.
Winners will be announced after the completion of the ICO Main Token Sale and Distribution Event. Draws will be conducted live via social media and winners contacted via their preferred email addresses submitted for the ICO. Your personal details will remain anonymous and will not be posted on social media. Prizes will also be redeemable for Stellar Lumens.
Entrants are eligible for every prize. Family and friends of The GlobeToken Project are not eligible for draws.
Will I Be Able To Purchase GLO After The ICO?
Yes, when the token is listed on exchanges you will be able to purchase GLO there but you will not be able to directly purchase from the website.