PRESS RELEASE. GMT has started the pre-sale of the GMT token. In total 100,000 GMT will be sold in this phase at the price of 1GMT=0,004ETH and will increase to 1GMT=0,01ETH in the next round. Minimum purchase is 0,5ETH.
Grandmarche is a DeFi platform that offers saving and borrowing, plus it will be the anchor of three South East Asia stable coins based on THB, SGD and PHP with 1:2 decentralised collateral system. In other words, this platform will be designed to eliminate middlemen and cost of custody in money markets. GMT token will function as the main lending token in GrandMarche, and governance token.
Remember the daily volume of ASEAN’s forex market is around USD1,5 trillion. So, in the future, there is huge potential, creating a DeFi that someday will be used by ASEAN’s banks to swap some of their forex reserves.
Grandmarche has secured some funding from private and angel