GBX - Token Sale Platform for Utility Tokens

Currency developments have now undergone rapid changes. At its beginning the currency must be tangible and applicable in a country with all its regulations. However, in this digital era, bitcoin appears as the first digital currency to invade the market with blockchain and decentralized technology. Bitcoin and the appearance of coins or other tokens are promising digital assets. Because the movement is purely based on the token distribution itself. Decentralization and the adoption of rapid blockchain technology make it possible to evolve into more innovative ways of increasing assets and capital through various means such as the sale of new tokens, cryptocurrency exchange and etc. Broadly speaking, digital assets can be divided into three main parts namely

• Medium of exchange digital assets -: Bitcoin and other digital assets.
• Utility tokens - Tokens that facilitate service by purchasing using the token.
• Tokenised securities - A digital asset representing "security" that is set within certain jurisdictions

Of the many Crypto exchanges there are only a few that have clear regulation of the exchange. One of the projects with clear regulation is GBX or Gibraltar Blockchain Exchange.

GBX Blockchain Exchange 

GBX Limited is a subsidiary of GSX Limited - the Gibraltar Stock Exchange ("GSX") which aims to make GBX an integrated token sales platform and digital asset exchange ("GBX Market") licensed under DLT regulations during the first half of 2018. GBX is in a unique position to offer the GBX Market in a stock exchange environment with features offered such as providing the most needed anti-money laundering and default know-your-customer ("AML / KYC") standards, quality control, accountability and transparency to GBX Market. With corporate governance, management expertise and GSX organizing experience, GBX proposes to follow the same governance and regulatory system for entry and trade of digital assets and crypto emergency.

Excess GBX as Digital asset exchange

• Products

GBX users can purchase and sell major digital assets, such as Btc, Eth, Dash, Ripple, and Litecoin or other tokens listed on the GBX token sales platform. Different tokens are expected to be added gradually over time as the token sales platform and digital asset exchange expand.

• Integration with the GBX token sale platform

The GBX platform is expected to operate as an integrated system that will share the same website with back-end databases and blockchain connectivity. In addition this platform will be packed with user friendly, multi language and friendly beginner functionality for the users.

• User deposits and withdrawals

For deposits and withdrawals users can use digital currencies and fiat currencies such as USD, GBP and EUR. The methods used for payment include debit and credit card, wire transfers, and payment service providers. Users can also store, send and receive digital assets, view account balances, manage portfolios, and trade digital assets through their wallets.

• Trading interface

GBX platform will be available in web-based trading and multi-lingual desktop applications.

• AML/KYC compliance

Users of the GBX Platform must comply with AML / KYC compliance before being allowed to open an account, after which they can fund their wallet to the agreed limit (based on user ratings at the time of account opening and subsequent review). GBX will implement AML / KYC policies and procedures "first in its class; for example, users may only withdraw accounts to accounts agreed on behalf of users with reputable banks The AML / KYC compliance process shall protect the exchange and its users against the associated risks with a less controlled environment Subject to legal and regulatory constraints, GBX expects both retail and professional on-board users who may open accounts with fiat and / or digital assets, subject to both on-boarding and AML / KYC compliance requirements applicable.

• Market operation and fees

The market will operate by matching buyers and sellers through a "one click" trading technology. Matching technology makes it easy to trade fast and powerful digital assets, which aims to ensure that GBX has a fast execution speed, the right price / time and allows an order book to trade in depth. The goal is that tokens will be tailored to the system based on the user who offers a number of tokens to buy / sell at a set price for the period specified by the token holder.

The exchange of GBX digital assets will have a low transaction fee for holders and users of Rock Token. The exchange of digital assets of GBX may have geographical restrictions with respect to certain user functions and product availability that may be accessible only from certain jurisdictions.

• Security

GBX will employ air gaps and other security protocols to minimise the risk of theft. GBX will adopt a multisig wallet security system whereby tokens deposited at GBX will be secured in various multisig wallets; and the majority of tokens will be stored offline in cold storage, while a small proportion of the tokens will remain in hot online storage allowing for faster transactions for users who perform deposits and withdrawals on the digital asset exchange. Wallets will be multi-layer and allow for storing and trading between tokens listed on GBX.

• Limits

GBX will impose various limits on trading as well as on the purchase and sale of particular digital assets, based on operational, market integrity, legal and regulatory requirements. Not all digital assets will be available to all users.

Token 

GBX announces its event to sell public tokens. After the successful pre-sale that raised more than $ 21 million dollars, the exchange house (Exchange) GBX has announced the launch of its next public tokens sale event

It will begin on February 7, 2018 It will conclude on February 14, 2018.

Token Name : Rock Token

Token Code : RKT

Blockchain Platform         : Ethereum

Token Standard : ERC-20

RKT is the acronym of “The Rock Token” or the token of the Rock. It is a utility token that is intended to be used within the GBX ecosystem. Approximately 60 million RKT will be issued during the event, equivalent to a total of $ 6 million USD.

Team 

Executive Team

Nick Cowan - Group Chief Executive Officer (Gibraltar)

Adrian Hogg - Group Chief Financial Officer (Gibraltar)

Philip Young - Group Chief Marketing Officer (London)

Kai Jun Soh, Benjamin - Executive Director Asia (Hong Kong)

Ta-Ming Chao, Thomas - Director Business Development (Hong Kong)

William Rawley - Group General Counsel (Gibraltar)

I-Wu Wang, David - Executive Director Asia Pacific (Hong Kong)

Technology Team

Samuel Reid - Chief Blockchain Engineer

Ted Quek - Head of Technology Operations

Daryl McFarlane - Chief Technology Officer, GSX

Floyd Dcosta - Technology Advisor

Advisors 

Yew Kiat Phang - Advisor

Jehan Chu - Strategy Advisor 

Ismail Malik - Marketing Advisor

Joey Garcia - Legal Advisor

Eddy Travia - Commercial Advisor

Bruno Callaghan - Business Advisor

Mike Costache - Blockchain Advisor

Samson Lee - Chief Crypto-economic Advisor

Mark Okes-Voysey - Governance Advisor

For more information about GBX’s, you can visit links below :

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Website - Whitepaper - ANN Thread - Twitter - Facebook - Reddit - Telegram - Medium

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Author : Christoper

Username Bitcointalk : Arifandi

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717

ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924

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