Our Ignition Launchpad is on fire! Please say a BIG HELLO to our next elite IDO offering soon to be launched and available for the PAID community. Meet Globe, a cryptocurrency exchange that gives both individuals and institutions the ability to trade digital currencies via perpetual futures contracts.
- Whitelist Start: April 15, 2021 : 11AM UTC
- Whitelist Close: April 21, 2021 : 4AM UTC
- IDO on Ignition: April 30, 2021 : 11AM UTC
Whitelist for Globe on Ignition is closed.
What are Perpetual Futures Contracts?
Perpetuals, or perpetual futures contracts, are derivative contracts that allow you to trade the future price of an asset. By applying such a contract, an exchange of payment between buyers and sellers is agreed upon depending on how the future price is trading in relation to the underlying spot price. If the price of BTC is higher than what you paid when the contract was created, you can sell this asset and make a profit.
Globe is the "Coinbase for Derivatives."
Derivative trading volume has surpassed spot trading and is a trend that is expected to continue for the future.
The Globe exchange is a generation beyond existing cryptocurrency derivatives platforms and focuses on providing “derivatives trading” services to both traders and institutions, allowing them to open long and short positions on cryptocurrencies like Bitcoin via perpetual futures and options contracts with up to 100x leverage.
What sets Globe aside from the rest is their focus on innovation – for example the team invented bitcoin VIX (XBTVIX) that gives users the possibility to trade implied volatility as a distinct asset class. Globe’s XBTVIX relies on gathering bidding and asking quotes for options expiring between 23 and 37 days from the current point in time and reverses the volatility implied by the options prices with a structured system designed to settle on a 30-day forward-looking implied volatility.
Globe will provide a seamless and secure trading experience for all.
One of the main aims behind the Globe is to provide a reliable, trustable and scalable solution that will enhance and expand the cryptocurrency derivatives trading market worldwide and attract more individuals and institutions to trade these assets. Where past providers of these kinds of services have failed, Globe hopes to succeed by building an exchange utilizing a proprietary order-matching and risk engine called Thor that rivals Nasdaq for its latency and throughput created by engineers from major financial services firms including JPMorgan Chase, BofA Securities, Citibank, UBS and Getco.
Moreover, the exchange will focus on security through a system where funds are stored in cold storage, multi-signature wallets that require authorization from 2 or more of the wallet owners to process transactions.
How do transactions take place on the Globe?
All transactions that take place on the Globe are based on Bitcoin, and this includes deposits and withdrawals alongside profits and losses. When traders utilize the platform, they can leverage their trades which allow them to invest large amounts of available capital with very small initial investments. Furthermore, Globe has also already expressed its interest in onboarding fiat options for deposits and withdrawals in the future, and stablecoin collateral coming as well.
Globe is turning heads in the cryptocurrency space worldwide.
Globe has gained much momentum and support in recent months from a number of big players in fintech and crypto. The project has already completed a huge presale coining it “Bigger than Binance” and also successfully raised $3 million in a seed funding round backed by Y Combinator, Pantera Capital, Tim Draper’s Draper Dragon Fund, and Wavemaker Partners and Master Ventures, amongst others.
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, must pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which varies per project on a case to case basis. For a list of Globe specific restricted KYC countries check HERE.
Globe is a crypto derivatives exchange where institutions and consumers transact digital currencies like bitcoin via perpetual futures contracts. Perpetual futures are a derivative product that tracks the underlying index price. They’re in high demand as they enable hedging and risk management, short exposure and trading with leverage.
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
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