The Rock Token As The Utility Of Gibraltar Blockchain Exchange

in #cryptocurrency6 years ago (edited)

GBX Rock.jpg

The trend of using cryptocurrency continues to increase as issues of adoption of decentralized currencies for the future. The increasing demand for electronic transactions resulted in many platforms emerging. Gibraltar Blockchain Exchange is here to provide quality crypto asset services. The establishment of Gibraltar Blockchain Exchange aims to be one of the most trusted platforms in delivering token tokens and cryptography exchanges. Gibraltar Blockchain Exchange will be run by applying best practice ground, governance and regulatory certainty that can improve the effectiveness of the platform. The sustainability of Gibraltar Blockchain Exchange (GBX) will be done with Token Rock enforcement.

Token Rock in GBX is a token that has been adapted to ERC20 issued by Ethereal. Token in GBX will have a function as a medium of exchange transactions within the platform. Any Rock Token owner will have an advantage in the platform as early access rights in the sale of new tokens and exclusive discounts from transactions using the Rock Token. The utility token will have an offer to the application directly included in the settlement, sponsorship of the sponsoring company, and payment of the registration fee. Each token holder will obtain crypto and tokens for any amount of discount provided by the platform. The expansion of the ecosystem will also be carried out from the broader spectrum of exchange and its proposed integration. The purpose of the development is none other than to use access services such as business solutions, e-money services, and fund and corporate services.

The GBX token will be sold for a limited amount. Shares in Gibraltar's list limit private companies. The token sale will be announced on Gibraltar's website at https://gbx.gi. The tokens imposed on the ecosystem are Rock Token (RKT), and the project's official name is Gibraltar Blockchain Exchange (GBX). The main components of the project establishment consist of the token utility and digital assets that will be enacted in the regulatory framework set by Gibraltar. Besides, the creation of Gibraltar is also intended to build a platform that provides financial services to a fintech ecosystem with a variety of products and services. GBX will launch initial token sales for Token Rock (RTK) as a utility token. The presence of Rock Token is expected to provide support for the function of GBX in delivering financial services ecosystem fintech.

Token Rock will start on sale in early February 2018. The total tokens supply is 900,000,000 CTR. The minimum sales target has been set at $ 10,000,000. The current token price specified for 1 RKT is USD 0.10. The fee does not cover transaction fees or other fees. The purchase of tokens can be up to eight decimal fractions. The method of payment applied is to transfer USD to the account set by the web. Besides, you can also use ETH that is assigned through a digital address that has been determined by the site provider as well. The amount of ETH exchanged will depend on the calculations performed by the platform. It makes the GBX have the authority to determine the ETH token exchange rate.

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Rock Token Utility Map

The Development Of GBX For The Better Token Trading Platform

GBX Limited is a GSX Limited, The Gibraltar Stock Exchange. The token sale will be issued for Token Rock as a token in GBX. The launch of GBX will be the first in the world. GBX's establishment aims to build a digital and distributed token trade integrated with world exchanges. GBX is a platform operated by the European Union to manage stock exchanges. A license from GBX may be obtained and enforced through the Gibraltar Financial Services Commission (GFSC) under the Financial Service (Distributed Ledger Technology Provider) Regulation 2017 (DLT Rules). Implementation in Gibraltar began in early January 2018 using a rule-based system and sponsorship system.

Platform GBX will be a global listing and token sale for utility tokens that use a rigorous due diligence process and the implementation of the GBX rule for login. The exchange of assets in GBX will be done with high quality. That will make GBX a utility market that publishes tokens. Investors and traders can also participate with trust on the platform. Token has been registered and has been through institutional approval. The development of a full-fledged share market system will be carried out by GBX as a form of providing a path from the initial token listing and trading to access funds through traditional bond markets and equity issuance routes. That will give the issuer an opportunity to issue securities token securities in the broader direction using the capital base.

The use of Token Rock becomes very important as the currency of GBX to fulfill the financial services provided by the platform. Designing aspects of utility for Token Rock has also gone through various considerations of some questions about the brand core and the value proportions of the GBX platform. The user of the platform and how to understand the RKT value is also the developer's considerations for creating tokens. How to use tokens is also a consideration as it will be related to providing incentives for ideal behavior and preventing the wrong response. Besides, how to use tokens is also very influential in improving the user experience in the platform as a whole. The project roadmap also needs to be considered to be adjusted with support from Rock Token.

Overall description of the GBX platform has been written in Whitepaper. An explanation of how the Rock Token can serve the platform has also been described. The use of Token Rock can reflect shared purchases in the overall vision for the communities involved in the platform. Besides, the use of Token Rock also provides an opportunity for users to commit to an industry with advanced thinking and high security. The value of GBX will empower community members. The use of Token Rock in the GBX platform will be trust and integrity. Details will be explained to be able to read the GBX strategy in delivering the vision for the global ecosystem. An explanation of the issuance of the RKT and its complete application can be obtained through Whitepaper.

Ann Thread: https://bitcointalk.org/index.php?topic=2684176.0
White Paper: https://gbx.gi/token-sales/GBX-Whitepaper.pdf

The GBX With Rock Token to The Newest Digital Trading for The Future

GBX GBBC.jpg

Now, we live in a time when Bitcoin's invention in 2008 made the digital platform have a decentralized concept. The establishment of Bitcoin has created new models of trust and public consensus. That makes people have confidence in the platform to conduct digital transactions in the agreement that is considered more useful and valuable. The appointment of blockchain technology is also one component to accelerate sales, cryptography, and digital assets in business for individuals in the number of global jurisdictions. Tokens have been sold to capture an image that generates new project innovations. Besides, Token sales have also reached some funds whose value is unexpected. To date, more than USD 3.4 billion has been outstanding through tokens.

The speed and flexibility of token sales have provided a change in fundraising. Token sales have presented specific risks that can be experienced by users and developers. Regulators and governments can find a solution for fundraising by issuing tokens without impeding the development of new technologies and hampering efforts. Three types of assets can be categorized in token sales, the digital asset exchange media, utility tokens, and securities. Besides, assets can also be said to be a digital representation of tangible assets. In the future, there will be many more types of digital assets with a variety of innovations to facilitate the achievement of liquidity levels.

HM Government of Gibraltar has issued consultation documents to consider distributed regulations with leading technology companies (DLTs) by 2016. Feedback considerations will be accepted for more detailed follow-up performance from continued projects. Besides, the consultation process will also show a strong firm preference for GFSC to make it a regulator. In 2017, GFSC together with HM Government of Gibraltar re-issued a consultation document to implement DLT on a platform with nine pillars. The consulting paper also provides an exploration of the regulatory sovereignty circle within the operation-based DLT of Gibraltar. The DLT-recognized rules framework will also be awarded for rapidly growing new technology recognition.

The growth of technology will also be encouraged by the DLT application approach along with the skills of fintech jurisdiction. Providing sufficient flexibility can offer the possibility of effective regulation of new business activities, processes, products, and business models. Besides, the approach also serves to increase consumer confidence in companies organized in technology novels. Thus, DLT companies can be encouraged for their establishment in Gibraltar as they can be adapted to regimes that will regulate activities within the ecosystem. DLT rules have also been made and applied flexibly to adjust to the platform. The approach has also achieved more extensive variations so that DLT rules will be based on principles rather than decisive.

GBX Token Structure.jpg

Join the token rock contribution event by registering on the GBX website. You will gain new experiences in future digital asset battles. The use of GBX will apply the principle of DLT that will run the business with honesty and integrity. You will also get quality handling with high levels of security and transparency. You can also join the community to get more information.

Social Media:
https://twitter.com/GibBlockEx
https://www.facebook.com/GibBlockEx/
https://t.me/GBXCommunity

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