GBEX

GBEX

What they say:

Globiance is a financial services group consisting of cryptocurrency exchanges and financial institutions situated in Argentina, Australia, Brazil, Estonia, Singapore and more opening shortly. Globiance provides financial services for corporate and retail customers. The Globiance platform covers the exchange and trading of crypto and fiat currencies (SGD, EUR, HKD, GBP, USD, etc.), stable coins in major currencies, payment solutions and worldwide transfers.

Full Audit

* Do Your Own Research. Investing in crypto assets is always risky. Not investment advice.
This is a full holistic audit. We evaluate the safety of the code, the tokenomics, the wallet distribution and the potential of the token, its originality and marketing strategy.

About the token

Globiance is one of the few platforms with a global approach and additionally features integrated individual bank accounts for each client while focusing on the user experience of buying and selling crypto combined with the ability to instantly withdraw fiat to the integrated accounts. With the Crypto Processing Gateway, clients can pay with cryptocurrencies like Bitcoin instead of their credit cards. Useful for all businesses and very effective for high-risk industries, the Gateway can be utilized at lower fees, no risk, no rolling reserve, and offers definite transactions. It is available in a white-label version for the merchants and can be seamlessly integrated into their platforms.

Globiance is a group of regulated/licensed exchanges and financial institutions since 2018. GBEX is the house token of Globiance and will be used on daily basis to pay fees on all Globiance Platforms worldwide as well as in the crypto payment gateway.

The more users worldwide will use Globiance services, the more organic volume will be generated in GBEX. The TAX&BURN model decreases the supply on ongoing basis and  also distributes rewards to all holders automatically.

With the STAKING&REWARDS program holders can receive even more rewards.

√ GBEX is an Exchange Token Generation 3.0 based on XDC (XinFin)

√ Deflationary. 4% Tax – 2% burn – 2% to holders

√ Automatically rewarding holders

√ Starting from a small price so everybody can participate

√ Anti-Whale – Dump Protection – only 0.5% Tokens of supply per wallet allowed.

√ 60% of the supply will be burned over the next 2 years

Contract:

Not public yet

Tokenomics

There is a 4 % tax on each buy/sell. 2 % goes to burn and 2 % is distributed to all holders

Code

When we initially did the audit, we found the following risk factors:

changeBurnFee

has no limitations.  it can be set to 100% and prevent trading.

changeRewardFee

has no limitations.  it can be set to 100% and prevent trading.

changeAccountHoldLimit

has no limitations, it can be set to 0 and prevent buying.

mint

has no restrictions, the operator can mint any amount at any time.

The three first(changeBurnFee, changeRewardFee and changeAccountHoldLimit) was changed according to our feedback(reasonable max cap,they did4 % in this case)

The forth, mint, remains. Globinance is however an exchangeplatform, not a memecoin. The minter will be another smart contract and the mint interval and amount will be publicly known / transparent to the community. The mint function will be used for staking rewards to users.

There are 300 Trillion extra tokens which will be used for staking rewards.

It was agreed that the mint function will only be used in the STAKING process after the extra tokens are used up and ONLY AFTER A PUBLIC VOTE (excluding team members) of all holders deciding whether to continue staking or not.‍

It is worth to note that XDC, the blockchain they are using, dont support any compiler versions beyond 0.4.24. That is the compiler version used for this contract and there are some known bugs related to that compiler version in general; https://docs.soliditylang.org/en/v0.4.24/bugs.html

Distribution

500 000 000 000 000 tokens in total

100 000 000 000 000(20%) presale

35 000 000 000 000(7%) incentives(different bonus campaigns for users)

65 000 000 000 000(13 %) team

300 000 000 000 000(60 %) will be burned over the next 2 years

Marketing

The token is in a public sale currently which will finish on 31st October or earlier if the tokens are sold out.

The Globiance exchange is live since 2018. Globiance is regulated, means licensed from day one. Only fully KYC'ed users can trade on the platform, making it a secure trading place with legal certainty for our clients. We realized from start that this will be the difference in the future to be accepted and able to work with the traditional banking systems or to be outlawed. We decided for legal certainty for our clients.

Apart from crypto exchange licenses we also have financial services licenses in our group which allow us to issue bank accounts and cards to our clients.

Buying and Selling Crypto using an integrated bank account is a much smoother experience and speeds up the settlements.

Every exchange needs a great protocol.

We fully support the XDC (XinFin) Network, a revolutionary protocol which has:

-MORE TRANSACTION PER SECOND

-LOWER FEES

-LOWER TRANSACTION CONFIRMATION TIME

-LESS ENERGY CONSUMPTION

-SMART CONTRACT SUPPORT

-FORENSIC FEATURES

Within 2 weeks their new App will be released.

In October the first DEX based on XDC - GlobianceDEX will be launched.

STAKING&REWARDS follows in November

Please watch this video that provides a good overview of the project: https://www.youtube.com/watch?v=-2rPxriiOKg

Globiance advertises in online and print media and exhibited on events since 2018.

Links:

https://globiance.com/gbex-tokens/

E-Mail Support: gbex@globiance.com

TWITTER https://twitter.com/Oliver_LaRosa

TWITTER https://twitter.com/globiance

FACEBOOK https://www.facebook.com/Globiance/

REDDIT https://www.reddit.com/r/GlobianceOfficial

TELEGRAM GBEX GROUP https://t.me/GBEX_TOKEN_CHAT

https://www.youtube.com/c/GLOBIANCE

Team

In 2018 the idea Globiance was born. Oliver La Rosa, his wife Irina and their CTO Alex as well as a small crew, founded the project and aimed to build a fusion of Bank and Cryptocurrency Exchange.

Alex, their CTO is an Infrastructure specialist and has been working for many big banks and other enterprises around the world.

Irina has a background in psychology, and manages as their Chief People Officer and also works with business development and vets new partners and clients. They basically do all big decisions together. Sascha leads their IT Support. Lilit, Chief Compliance Officer headed a compliance department in a big bank before. Philipp, CIO was IT Operations manager for a European Banking Group in 20 years.

Georgi was bank or branch director for more than 16 years. Those and many more contribute to Globiance success

Read more about them here:

https://globiance.com/team/

Audit Result

Token symbol:

$GBEX

Audit type:

Full Audit

Audit status:

Passed

This token passes our full audit. The code is safe. There is one "risky factor" in the contract, namely the mint function - but it has a clear purpose and is transparently communicated. In terms of potential, this is a legitimate business with public people and a registered company, and it has been around for a couple of years. It seams like they are in an aggressive expansion phase, with their app launching soon to name one example. We see much potential in this token.

Contract URLWebsite