GBX — the First Regulated Token Exchange
Bitcoin, along with cryptocurrencies built on its protocol intend to stay in the market for a long time. The protocol of Bitcoin has all the features for becoming the world’s leading currency. It performs the role of an exchange intermediary and a value store already. But it still doesn’t scale economically and technically enough to become an accounting unit in the world’s trade. Thus, it must overcome the economic scaling difficulties.
GBX(Gibraltar Blockchain Exchange), the GSX (Gibraltar Stock Exchange) subsidiary is going to make a $6 million profit from issuing their own digital currency, while the territory of the British overseas seems to reap the benefits from the world’s increasing interest to cryptocurrencies. Thus, the GBX announced the start of the ICO and issue of its own cryptocurrency named Rock Token.
The digital asset exchange and token sale platform of the GBX will function as a system sharing the user-friendly site with blockchain connectivity and a database. That website is supposed to offer a range of trading characteristics, including functions suitable for the beginners. It is supposed to be open round the clock, have a great client support and be available in multiple languages. Users will be able to make deposits and withdrawals in such currencies, as GBP, USD, and EUR by means of multiple payment systems, including wire transfers, debit/credit cards, and different payment providers. Moreover, it will be possible to exchange digital assets, monitor the balance, trade the assets through the wallet, and even manage portfolios. GBX wants to include all tokens available for trading in their market. Along with that, they want to interact with other exchanges for prices transparency, increased liquidity and dual tokens listing. The prices within the exchange will not be set by GBX though but by the market.
It will be the first regulated digital exchange and sale platform. The Rock Tokens are supposed to be sold at the amount of 900.000.000 RKT, where minimum sale aim is $10.000.000. The token price will be $0.10 for 1 RKT, except for any costs and fees. The approximate ICO date is the beginning of February 2018. However, the confirmed date will be announced on the official website.