Globiance Exchange Token Price (GBEX)

Globiance Exchange Token (GBEX) is the native utility token for the Globiance ecosystem, a fintech platform that integrates crypto solutions into the traditional banking system. The Globiance platform provides a variety of services including a platform for trading cryptocurrencies, banking services, payment gateways, stablecoins, and a decentralized marketplace. GBEX is used for a multitude of functions within the ecosystem, including processing transaction fees, running liquidity pools on the network, and participating in governance votes to determine the allocation of network resources and the development of the token. GBEX is a Generation 3.0 Exchange Token with a deflationary model, meaning that all transactions are subject to a 4% tax, with 2% being burned and 2% distributed to holders. This model aims to reduce the total supply of GBEX over time, providing users with additional tokens for holding GBEX in their wallets.

GBEX operates within the Globiance ecosystem, serving as the primary medium for transaction fees and other platform operations. It is used daily on all Globiance platforms worldwide. The token's deflationary model means that every transaction involving GBEX incurs a 4% tax. Half of this tax (2%) is burned, effectively removing it from circulation, while the other half is distributed among GBEX holders. This mechanism aims to gradually decrease the total supply of GBEX, thereby potentially affecting its utility over time. Additionally, GBEX is used in governance votes, allowing token holders to have a say in the allocation of network resources and the future development of the token.

GBEX has a wide range of potential use cases within the Globiance ecosystem. It is used to pay for transaction fees on the platform, with users benefiting from discounts when they pay with GBEX. The token is also used to run liquidity pools on the network, providing a crucial function in the platform's decentralized marketplace. Furthermore, GBEX holders can participate in governance votes, influencing decisions about how network resources are allocated and how the token is developed. As the Globiance platform continues to grow and attract more users, the daily use of GBEX is expected to increase, potentially leading to an increase in usage.

The Globiance Project, which includes the GBEX token, was initiated in 2018 by founders Irina La Rosa, Oliver Marco La Rosa, Alexander Pfau, and Sascha La Rosa. Oliver Marco La Rosa brought over 13 years of experience servicing European banks and supporting their IT platforms, which now benefits the Globiance ecosystem. The project has grown significantly since its inception, with a core team of directors across the world and over 150 employees on five continents. The GBEX token was designed as a utility token for the Globiance platform, with a deflationary model to encourage usage and potential utility growth. Today, GBEX continues to serve as a crucial component in the Globiance ecosystem, contributing to its operations and governance.

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The current market cap of Globiance Exchange Token is $3.65M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Globiance Exchange Token is $0.00000050. This all-time high is highest price paid for Globiance Exchange Token since it was launched.

Over the last 24 hours, the trading volume of Globiance Exchange Token is $650.42K.

Assets that have a similar market cap to Globiance Exchange Token include MixTrust, Sabai Protocol, Wonderful Memories, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Globiance Exchange Token is 368 trillion.