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(GLC)Globalcoin - vision for a coin


GLCGlobalcoin
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Hello everyone,

I am a long time XRP holder and strong believer in the XRP Ledger and the technology.
During the past years i got disappointed by the way things developed for XRP.

- the lack of adaption, missing out on the bull run as well as the defi/nft hype, and finally the SEC case screwing every XRP holder!
All this made me realize that if XRP succeeds, it's probably going to take way longer than we are expecting. After 9 years it's time to stop waiting for another ATH and become active.
My vision of a globally used digital world currency is alive, but ripple took the other way for XRP and decided to focus on banks.
Some days ago i had the idea of creating (GLC)Globalcoin. A token for everyday people to use all over the world  via the XRPL.
 
 (GLC)Globalcoin will take a different path though, focusing on mass adoption of the general public.
 Not only crossborder payments, but usable as a worldwide accepted currency!
 
A short summary of the tokenomics:

Supply 100B (same as XRP)

100% of sales will be reused to provide guaranteed DEX liquidity for the start

Fair token launch (no presale)

Trustline : rUZdBzGARLer2XTTWhKPnCKJyTqfb9bzTk

Currency code: GLC

The project will be driven by the community or everyone who wants to participate and is interested to do what he knows best. This is just the beginning, meaning there is lots of work to get this rolling.
As an alternative approach to all the recent airdrops we will start to give rewards in GLC to people who want to contribute and make this project grow.
We wont be able to pay a lot in the beginning so its rather an incentive for those who have time and motivation to become productive.

If you have been sitting in front of your computer for the past 4 years staring at the XRP chart and waiting for moon, start accepting GLC and we get this going together!
There will soon be lots of different upcoming tasks to do. Feel free to DM if you are interested.
Good ideas or constructive feedback are welcome and will also be rewarded if they are implemented.
 
 Stay tuned! Announcements and reward challenges will be posted soon here.

Edited by GLCGlobalcoin
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  • GLCGlobalcoin changed the title to (GLC)Globalcoin - vision for a coin
26 minutes ago, thinlyspread said:

If you're so upset, start a movement to get validators to vote to burn Ripple's excrowed (and/or Jed/Larsen/Britto/Garlinghouse's) XRP. 

Don't promote an obviously sketchy get-rich-quick scheme here. 

its not a get rich-quick scheme, you will always be able to exchange your GLC to XRP because we will provide the liquidity.

This is not going to be a rug, but i understand your skepticism.

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11 minutes ago, wojake said:

Tell me how you plan on pegging Globalcoin to XRP in a trustless manner where no centralized entity is involved.

its not going to be decentralized and trustless, but trust will be built by the community and over time

Edited by GLCGlobalcoin
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Banks and FIs provide liquidity and exposure to the general public which allows XRP to act as an independent currency , if Ripple does not target FIs, banks and governments, a private currency would not be possible.

XRP not only solves the triffin dilemma, it allows more liquidity to be tethered into a singular asset (XRP) by acting as a global bridge currency.

People will not use GlobalCoin just because you said so, trust me, don't do it, it's much more complicated and you could face legal trouble.

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9 minutes ago, wojake said:

Banks and FIs provide liquidity and exposure to the general public which allows XRP to act as an independent currency , if Ripple does not target FIs, banks and governments, a private currency would not be possible.

XRP not only solves the triffin dilemma, it allows more liquidity to be tethered into a singular asset (XRP) by acting as a global bridge currency.

People will not use GlobalCoin just because you said so, trust me, don't do it, it's much more complicated and you could face legal trouble.

exactly! we will use xrp as a bridge currency. in 9 years banks didnt ever touch xrp. Of course nobody is forced to use GLC,

but lets see where it goes.

Edited by GLCGlobalcoin
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Why would people want to use a token that was made in a few minutes? People give monetary value to a certain asset/currency when there is a real demand or an incentive for it.

A government issued currency has demand because the people governing over a country said so and the government forced businesses, citizens and government agencies to use said currency or go to jail. its called a Legal Tender.

People who say fiat currencies are worthless are naive, it has value because an entity who runs the place said so and the citizens must agree, fiat currencies will not go away, perhaps it will due to mismanagement.

This is an obvious get rich quick scheme just like @thinlyspread said, sad :wacko:.

If you want to peg GLC to XRP, it must be in a trust-less manner where no centralized authority could de-peg GLC and run away with the XRP.

14 hours ago, GLCGlobalcoin said:

in 9 years banks didnt ever touch xrp.

No? And in the next 9 years, nobody will use GLC.

I specifically hate people who create a valueless token and try to market it like an oil snake salesman.

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3 minutes ago, wojake said:

Why would people want to use a token that was made in a few minutes? People give monetary value to a certain asset/currency when there is a real demand or an incentive for it.

A government issued currency has demand because the people governing over a country said so and the government forced businesses, citizens and government agencies to use said currency or go to jail. its called a Legal Tender.

People who say fiat currencies are worthless are naive, it has value because an entity who runs the place said so and the citizens must agree, fiat currencies will not go away, perhaps it will due to mismanagement.

This is an obvious get rich quick scheme just like @thinlyspread said, sad :wacko:.

If you want to peg GLC to XRP, it must be in a trust-less manner where no centralized authority could de-peg GLC and run away with the XRP.

No? And in the next 9 years, nobody will use GLC.

I specifically hate people who create a valueless token and try to market it like an oil snake salesman.

The community will decide if its valueless or not.

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So from my understanding, you're going to sell GLC for XRP:

19 hours ago, GLCGlobalcoin said:

Supply 100B (same as XRP)

100% of sales will be reused to provide guaranteed DEX liquidity for the start

Fair token launch (no presale)

Sell GLC for XRP,
Buy GLC for XRP because "guaranteed DEX liquidity":

From my speculation, here's what you're going to do:

Sell 10,000 GLC for 1000 XRP then Buy 10,000 GLC for 900 XRP,
Pocket 100 XRP as profit.
You technically did provide liquidity to 10,000 GLCs!

or you're going to do something even more stupid and easily get caught.

and then when people call you out, you just say:
"I WAS JUST SUPPLYING THE MARKET'S DEMAND! I DID NOTHING WRONG :crazy:".

As of writing this, a total of 3300 accounts has set up your trustlines.

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