The key to cryptocurrency mass adoption

Let's figure out how can cryptocurrency community bring digital money to the masses
16 November 2017   1918

The key to getting cryptocurrency adopted by the masses is being released shortly. The GlobeTrotter Cryptocurrency Ecosystem is currently in its development phase and will include everything needed to be autonomous.

It solves some major weaknesses and shortcomings within the cryptocurrency world. There are no successful examples of a truly spendable coin that people are willing to use and merchants are willing to accept. This is the main problem that GlobeTrotter team addressed in the development of GlobeTrotter with three-coin system. First, team created The Globie (GTC), the only truly stable and liquid cryptocurrency that can be accepted by merchants and used by the masses. The second problem that needs to be solved is a token for investors, so the GTT token was created, which is a membership with voting and profit sharing, without being a security. To make the system even more complete and attractive, we created the GTG which is a gift coin that can be used for any and every promotional program that merchants create.

The Globetrotter Cryptocurrency Ecosystem is the first complete token system that will answer every need.

Every cryptocurrency out there is on at least one exchange and by being on an exchange, it can’t help but fluctuate. The Globie is the only cryptocurrency that won’t be on any exchange, hence, it will never fluctuate. It will have a fixed price and only be available on the GlobeTrotter Transaction Center.

GlobeTrotter believes that merchants are the key to cryptocurrency’s success. For a merchant to safely accept any token or coin, they need to know that when they redeem or trade it, it has the exact same value as when they accepted it as payment. Likewise, when someone acquires a coin to spend, they want to know that it is worth the same amount when it comes time to spend it. To start, GlobeTrotter will focus on the 2.23 trillion-dollar travel market to get things rolling and eventually expand to other markets.

There are many merchants that currently accept Bitcoin, but indirectly. All the big merchants that accept Bitcoin are using a middleman (like Coinbase) that actually accepts the Bitcoin payment and then pays the merchants in cash (through a bank). That is doubling the middlemen in the merchant’s sales process. Not only do they still have the banks as a middleman, but they are now also paying another middleman that accepts the risk of unstable crypto coins like Bitcoin. Fees are stacked on top of fees! Merchants are the key to cryptocurrency becoming accepted in the mainstream business world and that will never happen unless they get the assurance of stability, liquidity and lower fees.

There also needs to be an advantage for people to use cryptocurrency instead of their usual payment methods. That’s where GlobeTrotter figured out a way to give people an incentive to use Globies instead of cash, debit card or credit card. By using Globies, they will automatically be rewarded with an ever-growing list of travel benefits. Additionally, every 400th Globie spender will receive an instant 100% refund of the Globies they spent. That means that every time someone spends Globies, they have a 1 in 400 chance of winning their Globies back. You don’t get that with cash or credit cards.

Fees are the next big issue. If people are paying a heap of fees to get into and out of a crypto coin, much of the advantage of using them in the first place is lost. GlobeTrotter won’t have any fees for wallet to wallet transfers. This is why GlobeTrotter decided that they needed to have their own entire ecosystem. Hence, the GlobeTrotter Transaction Center; where people will not pay fees for renting, returning or transferring Globies. Globies are rented and redeemed only in the GlobeTrotter Transaction Center and smart contracts assure that the coin is always 100% stable in value and liquid and also instantly redeemable.

GlobeTrotter also has many other innovations that should be out there but aren’t like Smarter Contracts, new security measures and even refunding lost Globies. You can read all about them on our website and in our white paper.

The GlobeTrotter team consists of people with international finance experience, technology and project management experience, developers and an expert/author in alternative currencies.

GlobeTrotter is raising funds to launch their ecosystem in the first half of 2018. A Pre-Token sale will start on November 15th and all participants will receive a 100% bonus on all token purchases. The main token sale will take place 6 to 8 weeks later. The GlobeTrotter website has all the information on GlobeTrotter and its ecosystem, complete bios on the team and contact information. Learn more at official website.

OCamlPro May Implement Unplanned Tezos Hardfork

Anyone can fork Tezos' blockchain but Foundation says "OCamlPro management does not have the best interests of the Tezos community in mind"
18 June 2019   303

The non-profit organization Tezos Commons Foundation has published an official statement about a potential hardfork, which may be initiated by the French development team OCamlPro, the company's grantee.

As evidence, the organization published the text of an e-mail allegedly sent by Starchain Capital, a recently registered cryptocurrency fund.

According to the document, the management of OCamlPro and Starchain Capital announced a collaboration to develop and implement a fork of the Tezos blockchain called Dune Protocol in September 2019. The letter also says that Starchain Capital is attracting “investments to finance a separate project.”

Representatives of Tezos recalled that the blockchain can hold forks anyone. The problem, according to them, is the “OCamlPro management does not have the best interests of the Tezos community in mind".

We found the text also includes a number of inaccurate (to put it mildly) statements that are intended to exaggerate the position of OCamlPro leadership. They did not create OCaml, Fabrice was not the ‘teacher’ of Tezos co-founder Arthur Breitman, and the main Tezos engineers who were originally at OCamlPro are now working at Nomadic Labs, not OCamlPro.

Shaun Belcher

Executive Director, Tezos Commons Foundation

However, confirmation of whether the letter is an original or a fake has not yet been submitted.

OCamlPro participated in the Tezos grants program and worked on projects, Liquidity and TzScan. However, OCamlPro refused to fully disclose the code of their products, which is one of the conditions for receiving grants. Tezos Foundation announced the termination of funding OCamlPro in case of non-compliance in the second quarter of this year.

In March, the Tezos blockchain project completed the first round of voting for proposals for updating the protocol. The winning bid was ‘Athens A’, which received 18,181 votes.