GLOBCOIN Easy, fast, secure: the gateway to a global currency for a...

EXECUTIVE SUMMARY
Wealth Preservation is always a concern. Thanks to the bold purchase of cryptocoins such as Bitcoins, thers,
Ripple and others, many have built a stunning performance in a rather short period of time. Sometimes as a
trader or an investor, one has to lock-in some of the profits he has on paper or park its portfolio waiting for the next opportunity. Today to preserve the value while remaining in the cryptocurrency ecosystem is not an easy task. Very few solutions are available and they may be costly and not fully safe. One of the safest rules of allocation to reduce risk is diversification. If you have your eggs in many baskets, the value of your wealth is very stable. For currencies it is the same. That is why currency baskets are much more stable than any one of their components. To bring a safe haven to the crypto community, a carefully designed basket can do the job and even more. But currency baskets can also bring value to the fiat holders. In a globalized world, your own national currency does not really measure your wealth, except in the sense that it is handy for accounting or payment purposes. Whereas, currency baskets can prove to be the appropriate solution for a variety of needs, this is probably the reason for the growing trend from Central Banks to build up currency baskets and/or to peg the national currency to a basket which is usually not disclosed to the public (China, Singapore). GLOBCOIN Crypto Platform (GCP, or GC platform) provides the infrastructure to build baskets of currencies corresponding to specific communities/users' needs. GCP founders have been at the forefront of innovation in currency management for decades, offering to their large clients (Institutional and family offices) dedicated currency baskets tailored to their own specific needs. The first basket that will be launched on GC platform will be our “flagship“ GLOBCOIN, a basket based on the 15 largest currencies of the world and 5 % weighted in Gold. This basket corresponds to the needs of many users. Since 2012, we have been trading this basket for large clients on a traditional foreign exchange forward market. Such a basket was previously reserved for large clients due to the structure of foreign exchange markets. Thanks to blockchain technology, it is now possible to offer the basket concept to the community. By construction, it is 100% asset-backed and very stable. It will be an ideal complement for cryptocurrencies holders wanting to stay in the crypto world but looking to secure part of their portfolio. Other currency baskets have already been studied for specific clients in Asia, Africa and Western Europe and GC platform will be able to launch and manage such dedicated baskets according to client needs provided that the constituents of the basket are tradable. We will also add this basket to our current GLOBCOIN multi-currency prepaid card so that people (in addition to their needs in fiat currencies) can buy a basket in just one click. The decentralization enables us to provide solutions that were formerly reserved to a few privileged market participants. Isn’t it a revolution that anyone, easily and at a small cost, can behave like a Central Bank, managing currency exposure across the world largest economies?

The purpose of the Token sale (GCP) is to:

provide additional funding to enhance the current platform, taking advantage of the best of blockchain technology.
make the platform available to the largest community of users
disseminate the use of dedicated baskets in specific regions of the World, in accordance with the local regulations that may apply

Our History
GLOBCOIN belongs to a group that was founded in Geneva, Switzerland, in 1998 as Overlay Asset
Management by Helie d'Hautefort. The firm’s founder aimed to start a company that would specialise solely in currency management for third parties. In 2001, BNP Paribas bought Overlay Asset Management SA because it was the first independent currency overlay manager in Europe. Subsequently the parent company in Switzerland changed its name to OptimInvest. During a successful 10 years’ partnership with BNP Paribas, assets managed reached USD 22 billion, ranking the company in the top 5 world’s leading currency managers. In 2012 key members of the management team decided to move back to OptimInvest Group in Geneva. They decided to take full advantage of the new technologies and offer innovative currency management services. A basket of currencies was launched as the “Wealth Preservation Currency Basket” to protect large clients in a more and more globalized economy.

Our Vision
As Marshall Mc Luhan rightly pointed out in his famous metaphor, the digital age is shrinking the world into a
“global village”. Our vision is to revolutionize the access of people to currencies, to reinvent for them solutions to protect their wealth in a new multi-polar world. We wanted to make this possible by offering new tools where innovation and experience come together for the benefit of our “Global village” community.
Today people are in a more and more global world, but we still think in terms of local currency, we think and live global, but we save local! Our experts have already published several research papers on this paradox (see annex). Till recently these solutions could not be made available to mainstream users. Now we have a solution for this.

Problems to implement
Even if the benefits of currency baskets seem quite obvious, their use is restricted by several barriers.

The barrier of size: foreign exchange market is by structure reserved to large amounts
The barrier of price: only experienced currency manager will get liquidity and good pricing for buying and selling the currency pairs constituent of the basket.
The barrier of infrastructure: Buying and selling individual currency pairs (some of them being quoted by a very limited number of counterparts – for example certain fiat currencies) requires a dedicated infrastructure and a professional team.

Our solution: a currency basket platform using blockchain technology
For all those reasons, the most efficient way to trade currency baskets is through professional managers. The
GLOBCOIN Crypto Platform appears as a game-changer in a very cost-effective way. Tokenisation is the process of converting rights to an asset into a digital token on a blockchain. The GLOBCOIN Crypto Platform will launch a series of rules-based baskets tokenised on the Ethereum blockchain. Each basket will have initial weights corresponding to a specific need of a community. It will track the performance of the underlying basket of currencies. Users of the basket can purchase them from the platform, our digital wallet, or from exchanges.
Why wasn’t it possible to offer such a product to individuals before?
The main reason is that foreign exchange markets are dealing with a minimum size of several thousand units per currency. Very few people would have access to the network necessary to construct such an offer
themselves. No retail bank or broker currently offers such a basket. Public institutions, such as Central Banks or large organisations, manage this by themselves. So, the associated cost of doing this would be very
substantial for an individual. The revolution brought by Blockchain and particularly Ethereum now makes it now possible to build and distribute such a product, thanks to the use of smart contracts. While we still need an entity such as Bank(s)/Broker(s) to securely hold fiat currencies, distributed ledger technology (DLT) allows the ‘tokenisation’ of the basket and makes it tradable on a peer-to-peer basis. The tokens can then be exchanged on platforms, at a fraction of the cost, and the amounts can be as little as the equivalent of one US dollar.

Problem: The need for a “Global Currency” in a global World
We are in a VUCA (Volatility, Uncertainty, Complex and Ambiguity) world where both politics and economies are uncertain. In 2016, US presidential election and Brexit caused upheaval in global financial markets. Monetary policies in most countries aim at weakening their currency to boost export, as we saw in Japan and China. As of now the end of Quantitative Easing policies is yet to be confirmed in Japan and the Eurozone. Increasing globalization of trade and investments makes the “base currency concept” more and more outdated. Using a single currency as a reference for valuation is no longer desirable when no single currency is stable or resilient enough to preserve value. Globalization of the economy is widely recognized but not fully perceived as a threat to the purchasing power. Today, the value of your cup of coffee, like your wealth, is sensitive to currency fluctuations. It is estimated that the value of the USD, still perceived as the main reserve currency, in the global economy has lost over 20% since 2000. As your home currency depreciates, so does your global purchasing power. Reduce volatility through diversification, away from a single central bank control and event risk. The currency component of a cup of coffee shows how the economy has become globalized. Even if you do not travel or invest abroad, you have a currency risk. If your home currency weakens, you will have to pay more for the cup of coffee.

With ongoing concerns for the global centralized banking system, people feel now less confident about their
own currency, as they lose trust in their national currency and so its function as a “store of value”. Clear
evidence now suggests a “Global currency” is needed as a medium of exchange, as a store of value and as a
unit of account.

Solution: a reserve currency basket that replicates the world economy
The GLOBCOIN is a currency basket unit that tracks the 15 largest global currencies and gold. It follows an
intuitive and unbiased approach based on Purchasing Power Parity which evolves as the world economy
evolves. These characteristics allow the GLOBCOIN to act as a global store of value, effectively creating the world’s first “reserve currency”. The portfolio of the basket aims to capitalize on the market trend towards a globalized and multipolar world by leveraging smart algorithms using the GDP of each country adjusted by the Purchasing Power Parity. Index Weight = Weight × 1+ Perf +Weight × 1+ Perf − The currency allocation is well diversified and covers 85% of the world economy. The PPP element ensures a higher weighting to emerging market currencies than is commonplace in other currency baskets, consists of the currencies of the world’s 15 largest economies, weighted by their gross domestic product, adjusted for purchasing power parity, with the Chinese renminbi (accessed through nondeliverable forward contracts) accounting for 16 per cent, Indian rupee 6 per cent and Brazilian real 4 per cent. In contrast the International Monetary Fund’s special drawing rights, the nearest approximation to a global currency, consists purely of a basket of developed world currencies

GLOBCOIN CARD
GLOBCOIN Ltd is a sister company registered in the UK. GLOBCOIN had its genesis in the desire to bring the sophisticated techniques only available so far to large institutions to the man of the street level.
Since June 2016 the GLOBCOIN® Multi-currency Saving Account and the GLOBCOIN Multi-currency Prepaid MasterCard are offered to clients in the SEPA region (Western Europe). The platform is accessible online or via an app, offering the combination of multi-currency payments and savings. GLOBCOIN® makes the life easier, cheaper and gives you full control when it comes to managing the foreign currency exposure. In a word GLOBCOIN means reinventing global access to currencies. Think of it as your own private financial assistant, bank and foreign exchange agent all in one. You can store your money in your
GLOBCOIN account like you would in any other bank account, Ewallet, travel card, etc. transfer it into a range of different currencies, pay people, receive money, withdraw cash and buy things online. GLOBCOIN provides market-leading pricing and technology, wrapped in an easy to use app suitable for all types of customers – expats, travellers, students, and, increasingly, “Global nomads”. It is the perfect solution for anyone looking to save money when travelling or sending money abroad. GLOBCOIN represents the future of FX, bringing the powers of global markets to the fingertips of its cardholders. We plan to add the GLX to the currencies available on the card. We are adding new customers each day, without widespread expensive advertising, but mainly by word of mouth.

THE TOKEN SALE
The proceeds from the funds of the Token Sale will be dedicated to platform development, product launch, marketing and PR, customer acquisition and partnership programs. They will also finance the operations of GLOBCOIN for the next 2 years including legal and administration costs, operations, administration, PR and marketing. It will enable us to hire the best talent in each field to reach the high objectives we have as an ambition for GLOBCOIN.

GLOBCOIN BOUNTY CAMPAIGN
GLOBCOIN appreciates the investment of time and energy by GLOBCOIN ICO enthusiasts across the “global village”. Thus, GLOBCOIN will reward these participants in our ICO with a share of Bounty. Total bounty will be set at 2% of the total raised (only IF total at the ICO raised > ETH 25 000). Village leaders are sought now, as follows:

GLOBCOIN village translators
To spread the word across the global village, in the local tongue. Previous ICO experience a distinct advantage. For the following languages, to translate the working paper AND / OR lead local ICO forum.

Portuguese
German
Spanish
Dutch
Italian
Romanian
Polish
Turkish
Vietnamese
Chinese
Japanese
Korean
Hindi
Filipino
Indonesian
Russian

GLOBCOIN village Social Media chiefs
Chiefs who lead; direct; inform; motivate the local AND / OR global area - through active Social Media participation on Slack; Twitter; Facebook; Bitcointalk; other relevant widely used ICO forums.
GLOBCOIN village ICO gurus
Specialist chiefs, who can reach out across the global village and spread the word on Bitcointalk and appropriate and relevant ICO forums / blogs on a global level.
NOTA BENE: The Moderator will decide on an appropriate level of bounty after the ICO, dependent on the participation level of each village leader. The moderator will vet and check contributions are accurate and relevant. The moderator will treat all village leaders fairly and with proportional payouts dependent on the level AND quality of contributions. The payout of bounty will be 25% post ICO; 75% at the implementation of GLX launched worldwide (est. April 2018) The bounty programme, and the rewards payout are subject to change or cancellation at any time.

MISSION AND VALUES
The mission of GLOBCOIN Crypto Platform is to help people preserve their purchasing power in a globalized and multipolar world economy, capitalise on world market trends and provide a unique unit of exchange to be used by people for global P2P payments. The first use case, the GLOBCOIN Reserve Currency perfectly fills the gap for global people living in a Global Village. As global residents, we need global currency to care our environment, education, health from a global perspective. To achieve this mission, GLOBCOIN designs a value-driven alternative monetary system without the distortions of economic uncertainties. Unlike other cryptocurrencies, GLOBCOIN is a token but backed by real assets with real creditworthiness. GLOBCOIN will be used on a P2P base offering client cost-effective, convenient and instant transaction service with total transparency. Core values of the GLOBCOIN Crypto Platform include:

Driven by Innovation.
Customer experience comes first.
Equal access to the issuance of GLOBCOIN for all communities in the world.
Transparency, democratic governance and organisational best practices at all levels.
Compliance with laws and regulations in jurisdictions in which the GLOBCOIN or its affiliated institutions are active.