Growth Market Decentralised Stock Exchange

Growth Market Decentralised Stock Exchange

Growth Market Decentralised Stock Exchange - GMDEX Growth Markets Organisation (“GMO”) is building a blockchain- based decentralized securities exchange (“GMDEX”). It will create asset backed tokens for any vetted company wanting to tokenise their assets or enter the cryptocurrency business model to list on the GMDEX exchange. Growth Market Organisation L12, 31 Queen Street + 6 1 - 3 - 8 6 1 3 8 8 4 4 3 / 2 2 / 2 0 1 8 Copyright GMO & GMDEX 22/03/2018 ABSTRACT Growth Markets Organisation (“GMO”) is building a blockchain-based decentralized securities exchange (“GMDEX”). It will create asset backed tokens for any vetted company wanting to tokenise their assets or enter the cryptocurrency business model to list on the GMDEX exchange. GMDEX will help launch new businesses by creating their ICO (Initial Coin Offering) Cryptocurrency Investment Tokens (“CIT”), listing them on the exchange and provide access to our base of investors, including founding investors in GMO. GMDEX will also offer exchange- traded funds (ETFs), securities, real estate funds (REFs), passive coin-traded funds (CTF) and active coin managed funds (CMFs), CFDs, derivatives, futures and anything else you would normally find on a securities exchange or Over The Counter (OTC) but in a decentralized manner and all backed by smart contracts. Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs. This will make investing in GMDEX more financially inclusive across all income classes. Artificial geographical trading restrictions can thus be eliminated. Counterparty risk can be reduced to mere minutes. GMDEX will be part of the larger GMO which will also be an investment bank with branches in different tax effective jurisdictions. By having a bank incorporated into the system, we eliminate many costs involved with fiat currency transfers while offering clients a choice of location for their transactions to occur and settle. 1 Copyright GMO & GMDEX 22/03/2018 GROWTH MARKETS ORGANISATION (GMO): GMDEX will be run by the Growth Markets Organisation (GMO) who in part will own the GMDEX, the GMO investment bank and eventually other financial businesses. Initial investors, in the GMOT (Growth Markets Organisation Token) private token sale, will share in the profits of the GMO global business. GMOT token holders will receive discount tokens to purchase tokens in different vetted CIT’s and a discount / token increase of at least 10%. The amount of discount tokens received will be in line with the amount of Founders GMOT’s held. GMO is essentially an actively managed global Venture Capital fund dedicated to supporting companies intending to create a CIT (Initial Coin Offering). Given a pool of capital is established, GMO will participate in pre-CIT seed capital raisings. For companies listed on an official securities exchange GMO can underwrite a listing, rights issue or placement and thus provide a global dual-listed venue, thus exposing companies to the world of investors not just those of the country of listing. How will GMDEX work? GMDEX introduces the first platform where users can seamlessly invest in CIT’s, securities, REFs, ETFs, CTFs and CMFs through a streamlined process and with significantly lower costs than traditional investing. Currently, the crypto-economy is extremely volatile because of the lack of the tokes representing liquid, fungible assets, thus Ethical Tokens. Investors can make 10x gains in one month only to lose it all the next month. Thus far, there have only been a limited number of ways to diversify crypto-portfolios to mitigate these risks. Real diversification across multiple asset classes is essential for a well-balanced portfolio. GMDEX will have the GMDEXT token for investors and investors in the GMDEXT token will share in the GMDEX profits. The GMDEX tokens will be available in a later (target is July 1st, 2018) CIT. 2 Copyright GMO & GMDEX 22/03/2018 Everything on the GMDEX platform also has its own asset-backed token (“GEMDEX-“) with its own unique name (like a BHP share would be a GMDEX-BHP and would show up in the Owner’s portfolio/wallet as BHP) which, via our token exchange platform, can be traded simpler, faster and cheaper than on conventional securities markets. To ensure the safety of the underlying assets represented by the GMDEX token, a digital trust fund holds the exact amount of shares as tokens issued. This digital trust fund cannot be claimed by GMDEX, the broker or anyone else, and is protected by strict laws regarding trust funds, even in the case of bankruptcy. Only token holders may reclaim the underlying securities at any time, thus arbitrage will keep the value of the tokens in line with the underlying security. Our asset-backed GMDEX tokens empower investors to hedge the risk of cryptocurrencies in real assets without needing to convert their cryptocurrency into a fiat currency. All dividends and coupons are automatically transferred to token-holders through self-executing smart contracts on the GMDEX T-Chain network “blockchain 3.0”. The content of the smart contract and the GMDEX token itself is unalterable, cryptographically secured and visible to everyone on the blockchain if desired. Components of GMDEX: • Established on a forked version (our own copy) of the Ethereum blockchain to start off with and eventually it will be moved to the GlobeTrotter T-Chain; • The T-Chain will be the fastest “blockchain” with no miners and no fees; • It will have five separate programmable tokens to start: o GTC which is the stable coin used for all transactions on GMDEX, o GMOT which is the GMO investment token, o GMDEXT which is the GMDEX investment token, o GMDEX- which is the asset backed token, with the security code as an extension, e.g. GMDEX-Apple, o GMGT which is a gift token for reward programs and discounts; 3 Copyright GMO & GMDEX 22/03/2018 • It will have an internal and external wallet with automatic coin recognition o The wallet will be able to have other sub-wallets in it; • It will use the GlobeTrotter proprietary “Smarter Contract System” for its tokens; • It will offer securities, bonds, futures, options, securities and any other assets as desired. And will be a Frankfurt SX style venue where security holders can list their investments; • It will offer vetted cryptocurrency projects as investments; • It will use the GMO bank for all FIAT transactions; and • It will have its own ID system. The GMDEX programmable token family: • GTC: Also called the “Globie” is the first truly stable, liquid cryptocurrency coin. It has a fixed price in every FIAT currency in the World and the Globie also has a “Smarter Contract System” imbedded. It is exactly like using cash without all the downsides and expenses. This coin is 100% backed by the holders’ FIAT currency, held in special accounts in the GMO bank and governed by self-executing smart contracts. This token can also be used as a FOREX coin eliminating broker and bank transfer fees, a massive saving compared to purchasing on traditional Foreign Currency Exchanges or using credit card and banks for currency conversion. • GMOT & GMDEXT: The GMOT token represents the GMO Company as a whole. The GMDEXT token represents the GMDEX exchange as a whole. These tokens will come with monthly profit sharing, privileges, benefits and voting rights. These tokens will give many privileges to the holders including voting rights. • GMDEX-: This is the programmable asset backed token and it will represent ANY asset acquired and have any conditions attached to it through the imbedded “Smarter Contract System”. If the buyer purchases a BHP backed GMDEX-BHP token, it will show as BHP in their wallet. • GMGT: This token is a cryptocurrency gift coin with the “Smarter Contract System” also imbedded into it, designed and created as a gift coin for promotional, discount and reward programs offered by GMDEX. It will include any conditions wanted like whom, 4 Copyright GMO & GMDEX 22/03/2018 for how many, when, where and what they can be used for. When purchasing available CIT tokens on GMDEX, the GMGT tokens will be tradeable for part of the purchase. Every CIT will be different and individually run and the amount of gift coins accepted for the purchase will be determined by the CIT issuer (minimum 10% for GMO seed funding investors). The GMDEX wallets: The GMDEX external and internal wallets (which are free of charge) are extremely secure and will hold all of the coins discussed in this paper. The wallets will have automatic coin recognition to separate and identify every different currency backed GTC coin, the GTG gift coins and every asset backed GMDEX- token automatically without any programming. The wallets contain the “Smarter Contract System” to program the different tokens. The wallets will also come with a PIN number security measure. The T-Chain “blockchain”: It will be the fastest and most secure decentralized “blockchain” anywhere. Limitless transaction rates with no fees. It is equivalent to blockchain 3.0 and will be DAG (Directed Acylic Graph) chain. The “Smarter Contract System”: Each of the GTC, GMOT, GMDEXT, GMDEX and GMGT tokens will have the “Smarter Contract System” imbedded into them to let users define their conditions when sending and receiving them. Unlike other smart contracts, the “Smarter Contracts” are part of the coin and not a separate entity on the blockchain. Why “Smarter Contract”? because it is extremely simple to create a contract, compared to traditional smart contracts. To define what the conditions that need to be fulfilled are for the tokens, the user will just need to check off the desired choices from a list. It will be an extremely user-friendly system.

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