Growth Markets Organisation

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Growth Markets Organisation (“GMO”) is building a blockchain-based decentralised 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) Crypto Investment Tokens (“CIT”), listing them on the exchange and provide access to base of investors.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.

History

Growth market is brain child of Richard Symon, he has been thinking of this for last ten years but waited this long for the technology to develop itself and have the opportunity to actually see it working. Richard Symon has extensive history of developing new projects and is director of numerous ASX listed companies. Currently Richard is executive director of Fiscus Capital, a corporate advisory company.

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.

Growth markets decentralised securities exchange

GMDEX will be multifunctional platform allowing the users to do followings:

• Buy/sell cryptocurrencies
• Invest in cryptocurrencies and future Initial Coin Offerings (ICOs)
• Use the smarter contracts to allow users to make payments on fulfilment of certain criteria
• Cryptocurrency investment tokens – will allow any company to list and raise funds, allowing every user to invest in the company.
• GMDEX wallet
• Platform allows withdrawal in multiple
• Purchase of derivatives, futures, options, swaps or any other over the counter commodities, using the cryptocurrencies.
• Banking license to establish managed fund and invest in the future projects.

GMDEX is not just a traditional cryptocurrency exchange, as GMDEX plans to compete against the worldwide stock/securities exchanges. Companies planning to do IPO have to consider issues like listing fees, annual fees, venture capitals taken huge cut in funds raised, shares only available to wholesale investors and compliance issues. On the other hand, ICOs are not regulated allowing to any company to issues tokens/coins to raise funds for the business strategies. GMDEX will have set to rules to comply with and will do their KYC and due diligence before ICO is conducted on the platform. GMDEX will also work with the regulatory bodies in every region to help and develop the regulation to avoid fraud and scam as seen in the markets during 2017 cryptocurrency boom. GMDEX will allow companies to list their ICOs on the platform thus raising funds and allowing all worldwide users to invest and take advantage of international markets.  With compliance and due diligence, ICOs with actual worth will be listed in the platform. This opens huge markets for the users to invest and when pooled together can allow GMDEX to act as custodian of those shares.

References

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