Global Network Token
Management Consulting - Ankara, Ankara Province, Turkey
Global Network Token Employees
Global Network Token Senior Management
Global Network Token Details
First crypto currency offering a refund optionWhat Is The Refund System?Cryptocurrencies are not under the control of any institution or state. For this reason, it is necessary to provide security in a decentralized manner. An important security feature is that the investor has the option to pay back the investment due to other opportunities or needs. Irreversible decisions are against the nature of human life.There are three problems that adversely affect the investment security of altcoins:i. Uncontrolled loss of valueii. Unsuitable for long-term investmentiii. Open to manipulationDoes the Refund System solve these problems?i. Refund price calculation is total investment divided by total tokens. With the refund price, because the bottom point predictable, the loss of value can be controlled.ii. There is no difference between keeping a Bitcoin or S-ICO altcoins in your wallet. Because of the refund price bitcoin loss is almost negligible. Therefore, it is suitable for long-term investment like Bitcoin.iii. Cryptocurrencies managers have lots of both bitcoin and their own money. This gives them the advantage of a pump or dump. This advantage may prevent the price from being produced on demand. However, in the system we propose, the investment is lock due to the possibility of the investor requesting a refund.If the investment is lock, how are the project costs cover?An important share is allocated to project finance and team members in ICOs. However, it is unclear that whether this share is used for its purpose or not. The share allocated to project financing in the Refund System must be used for its purpose. Project managers must make payments on their own tokens. Refund price is the only way to take over bitcoin's payment power. The refund price feature gives the altcoins a fixed bitcoin equivalent. Therefore, sellers will accept payments by altcoin.
