# The Gibraltar Blockchain Exchange Announces Public Token Sale Event To Create World Leading Licensing and Regulation Standards In The Industry
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-13
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: GBX Token Sale Event: Join the Future of Blockchain
Meta Description: Join the world-leading institutional-grade token sale platform and cryptocurrency exchange and be part of the future of the crypto industry.
URL: https://financedigest.com/the-gibraltar-blockchain-exchange-announces-public-token-sale-event-to-create-world-leading-licensing-and-regulation-standards-in-the-industryhtml

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_Launch follows successful pre-sale which raised over_ _$21 million_ _USD_

The [Gibraltar Blockchain Exchange](https://gbx.gi/) (GBX), which aims to be a world-leading institutional-grade token sale platform and cryptocurrency exchange, today announced its upcoming public Token Sale Event which will commence on 7 February 2018 and conclude on 14 February 2018. Tokens issued in the Token Sale will be called Rock Tokens (RKT). Approximately 60 million RKT, equivalent to $6 million USD in total, will be issued during the event.

As a subsidiary of the Gibraltar [Stock Exchange](https://www.financedigest.com/london-stock-exchange-pours-cold-water-on-merging-listing-segments.html "London Stock Exchange pours cold water on merging listing segments") (GSX), the GBX aims to be one of the world’s first licensed and regulated token sale platform and digital asset exchange that is operated by a European Union (EU) regulated stock exchange. The GBX is expected to be a global listing and token sales springboard for utility tokens that have satisfied a strict [due diligence and admissions process as well as a high-quality digital](https://www.financedigest.com/a-digital-first-world-means-investors-should-look-to-digital-due-diligence-first-too.html "A digital-first world means Investors should look to digital due diligence first too") asset exchange. In this regard, the GBX intends to set a higher standard for token issuance and trading for the benefit of all [market participants](https://www.financedigest.com/organic-fertilizer-market-where-should-participant-focus-to-gain-maximum-roi-exclusive-report-by-future-market-insights.html "Organic Fertilizer Market | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insights").

“The introduction of rules-based [systems is necessary if the blockchain sector is to reach maturity and if actors are to be assured of market](https://www.financedigest.com/dental-delivery-system-market-is-booming-worldwide-by-2027-growth-share-demand-and-analysis-forecasts.html "Dental Delivery System Market is Booming Worldwide by 2027 | Growth, Share, Demand and Analysis Forecasts") stability. Based upon principles of decentralisation and community consensus, the GBX seeks to create a new era of trust, openness and [global acceptance for the crypto](https://www.financedigest.com/global-crypto-regulation-body-likely-in-next-year-top-official-says.html "Global crypto regulation body likely in next year, top official says") industry, one quality token listing at a time,” said Nick Cowan, CEO of the Gibraltar Blockchain Exchange.

RKT are ERC-20 compliant utility tokens issued on the Ethereum blockchain. They will function primarily as a medium of exchange for trades on the GBX platform as well as offering a range of functionalities within the GBX ecosystem. RKT will be also be used as a preferred medium of exchange, to get early access to new token sales; to pay trading fees; for listing and payment of sponsor fees; for issuer and sponsor staking; as grants and prizes at the Blockchain Innovation Centre (BIC); and as payment for [business](https://www.financedigest.com/euro-zone-april-business-activity-grows-on-strong-services-demand-pmi.html "Euro zone April business activity grows on strong services demand – PMI") services such as corporate and fund services, as well as e-money services.

“We’re very excited to [share the Rock Token with the world](https://www.financedigest.com/world-shares-rise-u-s-yield-curve-inverts-after-strong-jobs-data.html "World shares rise, U.S. yield curve inverts after strong jobs data"). Everyone at the GBX is fully committed to [blockchain technology](https://www.financedigest.com/how-blockchain-technology-can-help-the-fashion-industry-make-verifiable-green-claims.html "How Blockchain Technology Can Help the Fashion Industry Make Verifiable Green Claims") and its potential to change the way that people build their own projects. We invite you to join us on our journey and to join the community we’re building.” added Cowan.

The GBX’s highly successful pre-sale period concluded in December 2017 and was oversubscribed with 210 [million RKT already sold, amounting to $21 million USD](https://www.financedigest.com/application-specific-integrated-circuits-market-expected-to-reach-usd-33545-7-million-by-2026-tmr.html "Application Specific Integrated Circuits Market Expected To Reach USD 33,545.7 Million By 2026 – TMR"). Proceeds from the GBX Token [Sale Event have been earmarked primarily to further develop the GBX trading platform and facilitate the further expansion of the full GBX fintech](https://www.financedigest.com/winning-fintech-seo-tactics-to-boost-traffic-and-make-more-sales.html "Winning FinTech SEO Tactics to Boost Traffic and Make More Sales") ecosystem. GBX aims to develop the capacity to be able to support projects at any stage of their [development covering all of their business](https://www.financedigest.com/dan-hodgson-joins-verasity-as-director-of-business-development.html "Dan Hodgson joins Verasity as Director of Business Development") service needs.

The GBX will also benefit from the jurisdiction’s [Distributed Ledger Technology](https://www.financedigest.com/how-distributed-ledger-technologies-are-transforming-esg-reporting-for-financial-intermediaries.html "How Distributed Ledger Technologies are transforming ESG reporting for Financial Intermediaries") Regulatory Framework which came into effect on 1 January 2018. From this date, [firms in or from Gibraltar that use distributed ledger technology](https://www.financedigest.com/technology-trends-heat-up-for-financial-firms.html "Technology trends heat up for financial firms") (DLT) to store or transmit value belonging to others, and whose activities are not regulated under another financial services framework, will be regulated in Gibraltar. The scope of these regulations will encompass companies using blockchain technology, including the GBX.

“The sale of RKT in tandem with a widespread user-base will help the GBX achieve its intention of becoming a world-leading, institutional-grade token sale platform and [cryptocurrency exchange](https://www.financedigest.com/verasity-vra-lists-on-tier-1-cryptocurrency-exchange-crypto-com.html "Verasity $VRA Lists on Tier-1 Cryptocurrency Exchange Crypto.com"). To see such overwhelming support for our [project already in our successful presale period](https://www.financedigest.com/global-tool-holders-market-is-anticipated-to-reach-over-us-1604-5-mn-by-the-end-of-the-projected-period-growing-at-a-cagr-of-5-1-fmi.html "Global Tool Holders Market is anticipated to reach over US$ 1,604.5 Mn by the end of the projected period, growing at a CAGR of 5.1%: FMI") is both inspiring and humbling. The GBX is working to lay the foundation for the [global expansion of a regulated cryptocurrency market](https://www.financedigest.com/anti-microbial-nanocoatings-market-global-industry-analysis-size-share-growth-trends-and-forecast-2025.html "Anti-Microbial Nanocoatings Market Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2025") with all proceeds raised in our token sale event helping further this vision and make it a reality,” concluded Cowan.

For more information, visit [https://gbx.gi/](https://gbx.gi/)


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