GIC is a global, decentralized platform where Investors, Traders and Market Makers come together in a perfect and sustainable ecosystem to trade and interact. With blockchain technology and Smart Contract, GIC can cut a lot of intermediaries and fixed costs of a traditional forex brokerage company. GIC Redefine and Disrupt the old traditional way of forex trading.
Partnering with a strong, licensed Indonesian based Forex Brokerage Companies, GIC will initially set foot in Indonesia as the world fourth largest population country in the world. The total of Indonesia forex trading volume is at USD $ 672 billion per year.
Cryptocurrency investors expected to reach 1.5 million by end of 2018, surpassing the number of Indonesia Stock Exchange investors.
Fraudulent brokers often gain trust of unsuspecting traders with professional looking websites and paid reviews.
Conventional brokerage operating at a high fixed cost of having multiple offices, high level hiring, marketing commissions and legal matter.
These Expenditures are then charged on customers under different name such as spread, swap, commission, tax, etc.
Regulators tried to protect traders from fraudulent forex company with tighter and tighter requirements. This means more intermediaries and more cost.
As mentioned on trader’s perspective.
To Prevent past financial crises from happening again, new regulations have made liquidity and capital a lot more expensive.
With the advance technology of Blockchain and the Internet, intermediaries have been bypassed and this, basically, cut lots of costs, therefore; there is no need to charge a commission for each trade.
While trading in Forex, an opened position between two currencies, exists an interest rate charge disparity. GIC will absorb any of these disparities.
With GIC Market Maker Fund becomes the immediate liquidity provider, there is no need to charge a large spread to pay fees for intermediaries.
All Transactions will be recorded in the blockchain, therefore, it’s clear and can not be modified.
All transactions will be backed and executed by Our Partners, Indonesian License Forex Brokerage Company and Market Maker Company to ensure Liquidity.
By using the technology of blockchain and smart contract, GIC Token holders can choose if they want to trade forex, cryptos or they want to become part of our pool of market makers.
Our initial coin offering will run till softcap reached. Full details of the ICO can be found within the platform.
Our roadmap is a planned where we take on the most complex problems and turn them into great solutions
Start Here Ideas.
Gathering Team & Self-funding
Blockchain development team onboard
Partnership with Indonesia Licensed Companies
Whitepaper & website ready
Community Building & promotion, bounty manager
Pre - ICO
GIC Platform Beta
GIC Platform realese