Globitex is an institutional grade Bitcoin exchange, with unrivalled API capabilities for direct market access. The purpose of Globitex is to advance the overall Bitcoin industry by scaling existing Globitex exchange infrastructure to the necessary industrial trading level, with a capacity to accommodate standardised money markets and commodities listings.
To realise this goal, Globitex is issuing the GBX utility Token. The Token will be issued as an EIP-20 (previously known as ERC-20) compliant Ethereum smart contract. The GBX Token will primarily be used for the settlement of trades on the Globitex exchange, serving as a commission payment token. The GBX Token will also function within loyalty programs planned for Globitex clients and contributors, whereby the contributors will be participating in the company's overall success