The key to cryptocurrency mass adoption

Let's figure out how can cryptocurrency community bring digital money to the masses
16 November 2017   1541

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.

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   95

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.