Globiance Exchange Token Price(GBEX)

Globiance Exchange Token (GBEX) serves as an integral utility token within the Globiance ecosystem. It is classified as a deflationary token, which means its supply is designed to decrease over time. This is accomplished through a unique economic model where each transaction incurs a tax, part of which is burned and the other distributed to token holders.

The primary functions of GBEX include:

• Fee Payments: GBEX is utilized for paying transaction fees, withdrawal fees, and other operational costs within the Globiance platform.
• Voting and Governance: Holders of GBEX participate in governance decisions, influencing how resources are allocated and shaping the future developments of the token and platform.
• Staking: Users can stake GBEX, allowing them to earn rewards and gain potential returns. The annual percentage yield (APY) offered can reach up to 10%, incentivizing token holders to engage with the platform actively.

Through these functions, GBEX aims to facilitate seamless transactions while providing practical incentives for participation, thereby nurturing a community-centred ecosystem.