Projects Introduction of
Global Satellite Bank
Global Satellite Bank (hereinafter to be referred as GSB or the bank) is the world's first digital banking service system with the distributed accounting and the mode of unmanned office, paperless office, and wireless office. Headquartered in the Republic of Costa Rica (hereinafter to be referred as Costa Rica) in Central America, GSB was founded and invested jointly by ECOSOC, DPI of the United Nations Secretariat, the Ministry of Finance of Costa Rica and Caribbean Sea Consortium. GSB is accredited with special consultative status in ECOSOC and DPI by the United Nations which is a supporting platform for registration and recording.
Taking the mutual flowing, remittance and exchange of digital assets as the starting point, GSB has established a universal digital asset system and provided the globalized digital asset storage, exchange, loan and financial derivative services by combining with the value system of legal currency.
The core part of GSB is the value circulation base and the core businesses of digital assets storage, exchange and loan. Taking the joint index point as the circulation value base, the exchange rate system is adopted to establish the globalized exchange, loan and storage ecology of digital assets, realize the bank-based management of digital assets, improve the liquidity of digital assets, and meet the needs of digital assets’ investment and circulation.
In the early stage, GSB gradually enlarged the ecology, established public blockchain, expanded the global digital assets’ storage, exchange and loan businesses to make a modest contribution to the financial innovation of global digital assets by developing the technology of Ethereum ERC20 token and combining with big data and artificial intelligence. Currently, the project can support the exchange and loan of global digital assets such as US Dollar, Japanese Yen, Korean Won, Euro, Rouble and other legal Currencies. The project will gradually expand the global nodes and realize the innovative development of digital assets through node ecology.
To build a fair and advanced value basis and reshape the transaction basis of digital assets by taking the global development of digital assets as the mission.
Digital Assets and
Opportunities of GSB
1、Missing Time Value of Digital Assets
The value of digital assets increased by the investment for a certain period and reinvestment is called the time value of digital assets. Traditional digital assets are deposited in the wallet and cannot be invested. Therefore, the time value of digital assets is missing, and the wallet cannot superpose the time value of digital funds.
2、Deficient Loan 4 and Services of Digital Assets
The model of digital assets loan is still the loan on credit. By the evaluation on the applicant's credit data, the loaned asset is single, thus ignoring the value of digital asset itself.
3、Immature Service of International Exchange and Remittance of Digital Assets
At the present stage, the international exchange of digital assets is not mature, and users need to convert the exchange rate by themselves. In the transaction process, the high cost of exchange shall be paid, and the point-to-point transactions are often higher than the exchange rate, which causes high costs of legal currency exchange of digital assets.
4、Long Payment Process of Digital Assets
Digital assets have been accepted by more and more people but cannot be used like the QR code payment and delivery by two steps of Alipay, which is due to the condition that the exchange link of digital assets against legal currency is not smooth.
5、Relevant Services of GSB
Combining with the technologies of blockchain, Internet payment, artificial intelligence and the endorsement advantages of the bank, the digital asset is combined with banking business to realize the global circulation of digital asset storage, exchange and loan and payment business.
① Setting Saving Function of Wallet
GSB sets the digital asset storage in the wallet, and the deposit rate of January, March and June adopts the relocatable form. Users deposit their digital assets in GSB and calculate the interest according to the savings time, which realizes the preservation and appreciation of digital assets.
② Credit on Loan + Mortgage-backed Digital Assets
GSB provides dual digital loan services, credit on loan + mortgage-backed digital assets services in the platform for users, and financial services of digital assets for users in badly need of legal currency. Its core lies in risk control of mortgage-backed digital assets.
③ Exchange Business of Digital Assets
GSB provides the quick foreign-exchange service of mainstream digital currencies against USD, CNY, GPB, DEM, CHF, PLN, AED, KHR, CRC, XCD, JPY and RUB. With the help of the foreign exchange system of the bank, GSB can provide users with the digital asset exchange of 12 legal currencies without the intermediate link, which improves efficiency while reducing the currency conversion cost.
④ Payment and Settlement of System 2
GSB provides users and merchants with the settlement service of digital assets against legal currencies. In the future, users can directly use digital assets to purchase items by scanning QR code, and Global Satellite Bank can carry out the settlement and clearing up of digital assets and legal currencies.
⑤ Financial Derivative Service of Digital Assets
Based on the banking business system, the project will develop more financial derivative services of digital assets, provide convenience for digital asset investment and financing, and application support for the ecological diversification of project.