What Is GlobaliPay?
GlobaliPAy is a payment solution that is powered by the ERC20 standard smart contract on the Ethereum blockchain. The ERC20 GIP coin is a digital coin, which is quite advanced compared to fiat payment solutions.
The GIP coin is the Global Wallet that will offer an immutable and secure payment network that is global in nature. The proof of stake verification process is a solution that will secure the network while ensuring there is no excessive mining.
A Decentralized App
The GIP payment solution will come with an app that makes peer to peer transactions possible. Besides that, it will work as a crypto exchange. Regulators will be updated about the in-app activity the user data will remain uncompromised.
The wallet is a secure wallet that is protected using crypto, which can be utilized to token transfers as well as the crypto exchange. This wallet will support major crypto coins. There will be robust payment solutions for businesses and individuals.
This token is the lifeline on which the payment solution will run. The token that meets the ERC20 standard will make for a hassle-free transactional operation and queries. For instance, there will be a balance of tokens at certain addresses, approval of the transfer of tokens, transfer of tokens, and total token supply.
Difference Between GlobaliPay And Bitcoin
GlobaliPAy will utilize the ERC0 standard tokens on the Ethereum blockchain. Unlike the Bitcoin, Ethereum is not just a currency but also an environment, which will ensure easy scalability with minimal computing power.
There will be no monopolization and the platform will be free of attacks. Besides that, will also be minimal transaction costs with controlled mining. There is no authorization that will be needed for making payments. The GIP Wallet will be based on a push model instead of the traditional authorize and pull method.
The Objectives Of The GlobaliPay Solution
One objective is to ensure the GIP Coin and other crypto is accepted for online transactions. It will use the security and scalability of the ERC20 blockchain to develop a robust payment network that will not be crippled by the monopolization of miners. The other objective is to develop a true digital coin payment system that will facilitate the seamless transfer of funds.
With the ICO, GIP will aim to be a lead digital payment solution powered by crypto. GlobaliPay wants to ensure that they eliminate the traditional intermediaries that charge huge fees. The existing payment system is also quite risky and is prone to frequent attacks.
GlobaliPay GIP Token ICO Details
Parameters Of The ICO
- Ticker: GIP
- Pre-ICO: May 20, 2018 – June 28, 2018
- Tokens sold at Pre-ICO sale: 15%
- Pre-ICO Price: $ 0.03 USD
- ICO: June 30, 2018 –TBA
- ICO sale: 18%
- ICO Price: $0.05 USD
- Bonus program: Yes
- Minimum Purchase: $100 USD
One reason to trust this project is that it is powered by the Ethereum blockchain. If a transaction does not go through, losing money is impossible. All funds are immediately reverted, thanks to the smart contracts.