Basic Rating

  • GLX

  • GLX - Global Listing Exchange is building the world’s only Capital Market Directory & Social Finance Network at GLX.com.
  • 1.5

Rating Insights

The Global Listing Exchange’s GLX is an ERC20 based smart contract digital token which functions as the exclusive payment protocol on the GLX ecosystem. The GLX ecosystem is a global capital market news data portal, directory, and social finance network that utilizes the GLXCoins to connect, communicate, share, and access financial information and news. The Global Listing Exchange furthermore provides a decentralized appstore where developers can publish DApps for use in the GLX ecosystem. Founded in 2015, the Company’s mission is to make capital markets more transparent, open, and connected.

Category Rating

Click any score to view its breakdown and category insights
1.6
Product

Product

GLX is currently in the very early developmental stages of the project. The alpha MVP seems to have no or very little functionality. The technological barriers that GLX faces are considerable compared to other ICOs, and GLX has to address them before the platform has a chance of widespread adoption. The particular sector that GLX wishes to enter is also very competitive. Many startup companies are currently attempting to establish themselves in this space, and competition will only increase as incumbents operating in the current financial sector decide to implement blockchain technology.

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

1.0
N/A
1 - None really, or unknown.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

1.0
N/A
1 - Many / much better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

1.0
N/A
1 - None or indeterminate.
1.0
Use of Blockchain

Use of Blockchain

GLX is not unique in planning to use blockchain technology to create a platform that facilitates decentralized information distribution. The need for a custom token is questionable. Specific technical details should be discussed as to why BTC/ETH would not be suitable for this project. As far as the blockchain ecosystem, GLX does not provide a significant contribution compared to other platforms that have similar goals. The solution’s contribution to the evolution of blockchain infrastructure and economy is not very compelling.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

1.0
N/A
1 - None or indeterminate.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

1.0
N/A
1 - None really, or unknown.
1.8
Whitepaper

Whitepaper

Only a tiny portion of the whitepaper discusses the value proposition, as in why a blockchain-powered financial infrastructure is needed, or more importantly, why GLX is better positioned to connect data that incumbents have in vast amounts. The whitepaper does not cover the full scope of the problem and solution. GLX needs to focus on what sets their platform (which is as of yet non-existent) apart from competing solutions (such as Bloomberg, Reuters etc.). Additionally, the whitepaper lacks technical details, basically revealing the underlying platform as being ERC20. There is no explanation as to how GLX plans to utilize blockchain technology for their platform. Furthermore, the team does not describe and disclose where the project now stands, how much exists and how much still needs to be done. It does not present a well thought out technological architecture nor does it address implementational challenges. When it comes to the business plan, the team provides very few details; it is particularly unclear why the project needs to raise 50 million USD, when losses are expected to be below 3 million USD. No information on cash flow has been made available.

Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - It's a brochure.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

1.0
N/A
1 - Severely lacking.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.
1.8
Roadmap

Roadmap

There is no concrete and practical development plan, rather only a conceptual vision at this time. No information has been provided to assess if the development plan is realistic, based on reasonable goals and timelines.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - No concrete plans or milestones.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

1.0
N/A
1 - Nowhere yet.
1.2
Compliance

Compliance

The GLX Coin is based on ERC20 token standards and will act as the medium of exchange on the GLX platform. GLX functions both as a utility token and an investment vehicle for the Foundation. GLX ensures that their team is capable of addressing legislative and regulatory concerns, however more specific details of these obstacles should be discussed, and how these issues are to be addressed. More attention needs to be given to compliance issues, as this topic is quite vague and not discussed in great detail in the whitepaper. GLX mentions that it plans to be SEC securities confirmed, however it fails to provide more in depth information in this regard.

Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

1.0
N/A
1 - Solely; a passive investment vehicle.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.
2.2
Company and Team

Company and Team

The company is already established and has not previously raised any funds. There is little to no information regarding the team’s viability and the relevance of the team members’ backgrounds. GLX seems to have “non-binding” agreements with developers in different places that it could “activate” once things become clearer.

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.
1.2
Token Sale

Token Sale

Total number of tokens is 100 million. The exchange rate will be 1 ETH = 1 GLX. GLX states that values are subject to change depending on the ETH/USD exchange rate. The token sale opens February 15th 2018. However, considering the development status, the minimum and maximum raise amounts do not seem reasonable, nor are they milestone dependent.

Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

1.0
N/A
1 - Obfuscated, or giving company control of market value.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

1.0
N/A
1 - Non-existent, or leaving a bad impression.

Product

GLX is currently in the very early developmental stages of the project. The alpha MVP seems to have no or very little functionality. The technological barriers that GLX faces are considerable compared to other ICOs, and GLX has to address them before the platform has a chance of widespread adoption. The particular sector that GLX wishes to enter is also very competitive. Many startup companies are currently attempting to establish themselves in this space, and competition will only increase as incumbents operating in the current financial sector decide to implement blockchain technology.

Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

1.0
N/A
1 - None really, or unknown.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

1.0
N/A
1 - Many / much better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

1.0
N/A
1 - None or indeterminate.

Use of Blockchain

GLX is not unique in planning to use blockchain technology to create a platform that facilitates decentralized information distribution. The need for a custom token is questionable. Specific technical details should be discussed as to why BTC/ETH would not be suitable for this project. As far as the blockchain ecosystem, GLX does not provide a significant contribution compared to other platforms that have similar goals. The solution’s contribution to the evolution of blockchain infrastructure and economy is not very compelling.

Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

1.0
N/A
1 - None or indeterminate.
Need for Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

1.0
N/A
1 - None really, just fundraising.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

1.0
N/A
1 - None really, or unknown.

Whitepaper

Only a tiny portion of the whitepaper discusses the value proposition, as in why a blockchain-powered financial infrastructure is needed, or more importantly, why GLX is better positioned to connect data that incumbents have in vast amounts. The whitepaper does not cover the full scope of the problem and solution. GLX needs to focus on what sets their platform (which is as of yet non-existent) apart from competing solutions (such as Bloomberg, Reuters etc.). Additionally, the whitepaper lacks technical details, basically revealing the underlying platform as being ERC20. There is no explanation as to how GLX plans to utilize blockchain technology for their platform. Furthermore, the team does not describe and disclose where the project now stands, how much exists and how much still needs to be done. It does not present a well thought out technological architecture nor does it address implementational challenges. When it comes to the business plan, the team provides very few details; it is particularly unclear why the project needs to raise 50 million USD, when losses are expected to be below 3 million USD. No information on cash flow has been made available.

Comprehensiveness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - It's a brochure.
Readability

Is it easy enough to understand?

3.0
N/A
3 - Readable, takes some time.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

1.0
N/A
1 - Severely lacking.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

1.0
N/A
1 - Severely lacking.

Roadmap

There is no concrete and practical development plan, rather only a conceptual vision at this time. No information has been provided to assess if the development plan is realistic, based on reasonable goals and timelines.

Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

1.0
N/A
1 - No concrete plans or milestones.
Feasiblity

Is the development plan realistic? Is it based on reasonable goals and timelines?

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

1.0
N/A
1 - Nowhere yet.

Compliance

The GLX Coin is based on ERC20 token standards and will act as the medium of exchange on the GLX platform. GLX functions both as a utility token and an investment vehicle for the Foundation. GLX ensures that their team is capable of addressing legislative and regulatory concerns, however more specific details of these obstacles should be discussed, and how these issues are to be addressed. More attention needs to be given to compliance issues, as this topic is quite vague and not discussed in great detail in the whitepaper. GLX mentions that it plans to be SEC securities confirmed, however it fails to provide more in depth information in this regard.

Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

1.0
N/A
1 - None in the near (or any) future.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

1.0
N/A
1 - Solely; a passive investment vehicle.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

1.0
N/A
1 - None available.

Company and Team

The company is already established and has not previously raised any funds. There is little to no information regarding the team’s viability and the relevance of the team members’ backgrounds. GLX seems to have “non-binding” agreements with developers in different places that it could “activate” once things become clearer.

Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

3.0
N/A
3 - Company structure in place.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

2.0
N/A
2 - Fragmented or inconclusive.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

2.0
N/A
2 - Somewhat skewed.

Token Sale

Total number of tokens is 100 million. The exchange rate will be 1 ETH = 1 GLX. GLX states that values are subject to change depending on the ETH/USD exchange rate. The token sale opens February 15th 2018. However, considering the development status, the minimum and maximum raise amounts do not seem reasonable, nor are they milestone dependent.

Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

1.0
N/A
1 - Very greedy (e.g. uncapped).
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

2.0
N/A
2 - Use of funds only loosely defined.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

1.0
N/A
1 - Obfuscated, or giving company control of market value.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

1.0
N/A
1 - Non-existent, or leaving a bad impression.

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