The GB Systems include various financial structures that can be found in countries under European Union, Russia and United States. Here is all you need to know.
GB Systems; A Single Global Decentralized Blockchain Platform to Service Clients in the International Banking System
The GB Systems include various financial structures that can be found in countries under European Union, Russia and United States. The developers hope that banks in China will be part of this decentralized banking system too. Their goal is to unite all financial institution into a big financial network under a global decentralized platform.
To attain this goal, they created;
• GBCoin; for functionality of the financial system
• GBMarket; A cryptocurrency exchange
• GBWallet; A cold purse for storage
HOW GB SYSTEMS WORK
The team behind this platform intends to create a business relationship between systems using blockchain technology. These systems which include, Banks, Payment Service Providers, Financial Institution, and other systems from other industries are supposed to participate in different events and draw from each other.
Consequently, they have filed for document and paid state duties for licenses that’ll help create a closed economy within GB Systems. These licenses include;
• Certification on acquiring, a processing center and on the payment service provider GBPay.
• License for an insurance activity,
• License for the multiple currency exchanger,
• License of cryptocurrencies,
• License of investment fund,
• License of the Central Bank of Russia,
• License of the Central Bank of the European Union,
• The license Agreement according to the GBPay standard
Now that you have an idea what GB systems is all about, let’s talk about the token.
EVERYTHING YOU SHOULD KNOW ABOUT GBCOIN
The GBCoin token is supposed to serve as the financial basis of GB Systems. Users of this token will be able to make purchases and pay fees on all the financial systems around the world of GB. This include the partner companies in the platform.
GBCoin Token
A token sale was conducted to fund the already growing project. With a ticker symbol of GBCN, the total supply of tokens for sale is 40,000,000 GBCN at a price 25 USD per GBCN token. The sales of the cryptocurrency will begin in all major crypto exchanges, which include Kraken and Bitrex.
The Function of GBCoin Token
The GBCoin toke was created to serve as internal currency in the GB financial systems. As such, the users of the coin get to enjoy special privilege. These include;
• Discount on all GB System services for token holders
• Special privilege when using the card
• Discount on training programs for work in the GB Systems
Aside from the privileges outlined above, GB System users will also receive tokens as dividend when the business makes profit. And as the share value of the banking system grows, so will value of the cryptocurrency.
Token Sale and Distribution
As said earlier, the total token supply is 40,000,000 GBCN. Half of this tokens will be offered for sale during the token sale which began back in December 31, 2017. The other 50 percent of the token will remain in reserve and distributed thus;
• Ten percent of the token goes to GBMarket, GB Network, GB Wallet, GB Fund equal
• Grande Bank and Grande Finance (investors) will receive 20 percent of the token
• One percent of the token will be shared among the GB Systems team
• And one percent will be reserves as bounty.
The token sale is supposed to end on May 01, 2018 and any verified investor can participate. The minimum amount is 500 USD. By July 2018, GBCoin is expected to start trading on exchanges such as Kraken, Bitrex and GBMarket.
The team behind GBCoin aims to raise a total of 600 Million USD from the token sale. How can you purchase the token, you ask? You can participate in the token sale using Bitcoin or Ethereum.
You should know that the GBCoin tokens are based on Ethereum’s smart contract. As such, they are ERC20 compliant. That means, users can enjoy the advantages of ERC20 based cryptocurrencies. This include, reliability and flexibility.
OTHER SERVICES OFFERED BY THE PLATFORM
Due to the nature of the platform, users of GBCoin get to enjoy other services offered by a traditional financial institution with block chain technology. Such services include;
• Multiple currency GB purse
• Possibility of an entrance through the uniform GB account;
• Payment cards
• Payment service provider for corporate bodies and individuals
• Exchange fiat of currencies (FOREX broker).
• Full-fledged bank, member of Visa and MasterCard association;
• Membership in SWIFT (Society for Worldwide Interbank Financial Telecommunications); • Payments of SEPA (Single Euro Payments Area).
In fact, the expansion of GB System automatically leads to the expansion of all these banking services. This means, users have multiple options to explore.
ADVANTAGES OFFERED BY GBCOIN
Some of the advantages offered by GBCoin are outlined below.
B2B Banking
Online stores and organizations that are on the platform have access to multiple forms of payment. The multiple cryptocurrency wallet allows you manage a number of virtual currencies on the same portfolio. And the plastic card provided is another option of payment.
####Debit Card
Client cam make purchases from any country in the world, thanks to the debit card. That’s not all, users can also make withdrawals in a fiat currency that is most profitable. When you combine this with the debit card with the GBMarket, converting fiat to cryptocurrency and back to fiat gets easier.
P2P Loans
One of the advantages of using a financial service on blockchain technology is peer to peer loans. This is a convenient instrument for sending and receiving loans. And the good thing is, you don’t need a third party or intermediary (i.e. a bank) to do this.
###THE TECHNOLOGY
Like most other modern-day cryptocurrencies, GBCoin uses the smartphone technology to increase its reach and get more users. There is an iOS and Android app that offers the same services as the web interface. You’ll find it in Apple app store and Google Play respectively.
There is also an AI assistant that was designed to help minimize cost and predict the development process of the coin. Basically, it helps you make informed decision in your trading.
Finally, open API was used because it gives the developers to create new services and improve what they have. This is necessary for the survival of GBcoin.
Sources
Website: https://gbsystems.org/
Whitepaper: https://gbsystems.org/white_paper
Twitter: https://twitter.com/Grande_Finance
Facebook: https://www.facebook.com/GBSystems-2001176390097408/
Instagram: https://www.instagram.com/grande_bank/
Telegram: https://t.me/joinchat/B_oXfw7LStACWNm7Sha4dw
AAN Thread: https://bitcointalk.org/index.php?topic=2670190.0
Authored by: gbenga88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874687
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4