TUE, MAR 12, 2019 / PALM BEACH, FL / GLXWIRE – Today GLX announced that we have launched our Security Token Offering (STO) for non-U.S. investors under Regulation S.

“After a significant amount of testing, trial and error we have made the STO contract live for the XX tokens which we created on the Polymath platform.”, said Ronald Russo, GLX’s Founder & CEO

About GLX Class A Common Equity Tokens (XX)

GLX has created a series of security tokens on the Polymath.Network representing class A common voting equity ownership in GLX, Inc. The XX tokens are available to non-U.S. investors under Regulation S and are issued on the Ethereum blockchain using the Polymath ST20 compliance standard.

The token price is fixed at 700 XX per 1 ETH (approximately $0.20 per-token USD). There is a hard cap of 6 million XX tokens; 5 million are available for sale and 1 million are available for bounties and bonuses.

The XX token contract can be viewed at:

• https://etherscan.io/address/0x9A8B83bc3315feE8f3A1482642A3c52143aF0fA2

The XX STO contract can be viewed at:

• https://etherscan.io/address/0xD7C2546027141d7D101985F1867A51C993EFFaDB

To get whitelisted and buy tokens non-U.S. investors must sign up at GLX.com and email your ETH wallet address to x@glx.com to begin GLX’s KYC / AML / CTF process.

About GLX – Global Listing Exchange™

GLX is a blockchain-powered Capital Market Directory & Social Finance Network. The destination is a global capital market news data portal and ground-breaking financial networking platform.

Contact: The GLX-Editor’s Desk | +1 855 GLX INTL | editor@GLX.com | GLX.com

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Disclaimer: Regulation S is a “safe harbor” that defines when an offering of securities is deemed to be executed in another country and therefore not be subject to the registration requirement under section 5 of the 1933 Act. This announcement may contain certain “forward-looking” statements and information relating to GLX that is based on the beliefs of GLX’s management, as well as assumptions made by, and information currently available, to GLX’s management. This announcement does not constitute an offer or solicitation to sell securities in GLX, Inc., the GLX platform, or any related or associated company.

I hope everyone is enjoying the new year. I wanted to do an update about a week ago on the state of progress at GLX. In preparation I have been spending a lot of time thinking about a recent article in Bloomberg Business snidely titled “How’s That ICO Working Out?”. As you can probably guess the article points out some of the outrageous carnage from the crypto chaos of 2018.

If your following the industry you are probable seeing the headlines:

During a recent interview Michael Novogratz most accurately characterized Bitcoin’s enormous growth in late 2017, which peaked at $20,000 per coin, “a drug.” He called the period a “speculative mania,” adding that the “audience is more sober now – the drug is gone.” Certainly the results of blockchain and fintech startup companies would seem like a group being run by people on drugs. The Bloomberg article pointed out the current results of some of the highest flying deals in the industry:

EOS
Funds raised: $4.2 B
Return: -60%
Remaining crypto wallet balance: $0*

Telegram
Funds raised: $1.7 B
Return: Token not available yet
Remaining crypto wallet balance: Unknown

Petro
Funds raised: $735 M
Return: Token not listed on independent exchanges
Remaining crypto wallet balance: Unknown

TaTaTu
Funds raised: $575 M
Return: -94%
Remaining crypto wallet balance: Unknown

Dragon
Funds raised: $420m
Return: -98%
Remaining crypto wallet balance: $0

High technology is extremely difficult to develop successfully. Case in point – Homeland Security Cancels ‘Virtual Fence’ After $1 Billion Is Spent:

“The U.S. Department of Homeland Security canceled a project to build a technology-based “virtual fence” across the Southwest border, saying that the effort – on which $1 billion has already been spent – was ineffective and too costly.”

How did GLX fare?

Despite getting caught up in the chaos I am here to say that GLX remained totally sober while the party was going on. After what seemed like endless legal research and contemplation we decided to pull our ICO plans and stay clear of any regulatory scrutiny. We did not raise a fraction of a fraction of the capital of what many of these other projects did but we experienced our best year of progress in terms of our software development. The progress that GLX has made with very little resources is truly remarkable.

SHERIDAN, WY – October 17, 2018 – Today GLX is happy to announce that we have acquired GLX.bot. Adding the domain to our TLD URL portfolio enhances our IP and shows that we are serious about the use of Artificial Intelligence (AI) in the capital markets and in the GLX.com Network.

Ronald Russo, GLX’s Founder & CEO, stated “We are so proud of the GLX.com brand and are always happy to enhance it with acquisitions like GLX.bot. We have already begun incorporating AI into the GLX chat platform and will continue to do so throughout the whole network.”

About .BOT Domains

Discover.bot is an online community for bot creators. Amazon Registry Services, Inc., created discover.bot to serve as a platform-agnostic digital space for bot developers and enthusiasts of all skill levels to learn from one another, share their stories, and move the conversation forward together.

.BOT is an identity for bots. Currently, anyone who owns, operates or manages bots published using a supported tool (Amazon Lex, Botkit Studio, Dialogflow, Gupshup, Microsoft Bot Framework, and Pandorabots) can validate a bot and register a .BOT domain name.

To learn more visit – AmazonRegistry.com or Discover.bot

SHERIDAN, WY – September 6, 2018 – Today GLX is happy to announce that our co-authored research paper Blockchain: Data Malls, Coin Economies, and Keyless Payments has been published in the print edition of the prestigious Journal of Alternative Investments.

Ronald Russo, GLX’s Founder & CEO stated “We have spent significant time and resources doing research on GLX’s business model and blockchain strategy. Most of which have been compiled into industry whitepapers. I want to thank the Social Science Research Network (“SSRN”) and The Journal of Alternative Investments for recognizing this work.”

All of Ronald Russo’s published publications can be found by visiting his personal profile (GLX.com/person/rr) in the GLX.com network and selecting “Publications” from the dropdown menu.

My Grandfather served in World War II. My Father was blown up in Vietnam, waking up on a hospital boat with wounds bad enough to retire him from service, and sent home awarded with a Purple Heart. I have always been truly proud to be an American.

America has been known around the world as the Land of Opportunity. A place where one could achieve anything one puts one’s mind to, no matter who they are. A place that people would immigrate to from different parts of the world to have access to these kinds of opportunities – opportunities so compelling that people would leave their families behind, face famine or even death, to travel by boat, for over a month, to get here.

We have also been known for being at the forefront of freedom and equality. The Land of Equal Opportunity. A nation conceived by the principles announced in our our Declaration of Independence:

“all men are created equal … with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”

As so eloquently put by Francis Scott Key, the closing verse of which would ring through our heads every day in school and at the start of every sporting event:

“the land of the Free and the home of the Brave”

Is the American Dream Dead?

This morning I received an email from a colleague about a software platform that aims to increase transparency and protect investors that participate in initial coin offerings by using different screening techniques and other proprietary methods to basically remove scam deals. That’s the claimed justification. Now, I am not a passive investor. Anyone that knows me personally knows that my life is invested in GLX.com. But I am a hyper consumer of technology with an insatiable curiosity to test out cool looking products and services.

So I jump in and downloaded their wallet to test this out. I get four minutes into the process, username, password, personal info, etc. and then the process smacks me in the head like a ton of bricks. To use their software you must own their tokens. But they won’t allow me to own their tokens because I live in the United States?

What the f*ck!

Everyday I am reading legal statements similar to:

• The term “Restricted Jurisdiction​” means and includes: (i) the United States of America;
• The term “Restricted Persons​” refers to any firm, company, partnership, trust, corporation, entity, government, state or agency of a state or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of the United States of America, under the federal laws of the United States of America or under the laws of any of its States;
• We can’t sell our tokens to U.S. citizens and residents: U.S. citizens or permanent residents of the US, or those who have a primary residence or domicile in the United States, including Puerto Rico, the U.S. Virgin Islands and any other possessions of the United States can not be holders of our tokens, …;

Or my favorite:

• PLEASE NOTE THAT U.S. CITIZENS OR RESIDENTS MAY NOT PARTICIPATE IN THE TOKEN SALE. IF YOU ARE A NON-U.S. PURCHASER, YOU MAY ONLY PARTICIPATE IF YOU ARE OUTSIDE OF THE UNITED STATES AT THE TIME OF THE PURCHASE.

What the hell has happened?

I am a firm believer that there is a blockchain revolution going on. A technological revolution that, by some accounts, is as transformative as the invention of the internet itself.

So apparently the entire world is building innovative technologies that Americans cannot use?

Or wait maybe some rich Americans, that are considered sophisticated because they are rich. The fancy term is “Accredited”, in some cases maybe they can have the privilege of using these technologies?

Should I assume that if I am an American building one of these technologies I should be keeping in mind to design it for rich Americans or maybe only for use outside of the United States?

Am I the only one seeing that there is a problem here?

Now I know there are certain regulatory bodies that will jump up and down stating that they are trying to protect investors or more generally the public at large.

Let me get this straight. I have lost my ability to spend my own money to use some software because I live in the U.S.?

I am sorry but I am failing to see clearly how that is protecting me or why I am even subject to this nonsense?

Unalienable – not capable of being taken away or denied.

It is said that President Lincoln considered the Declaration of Independence to be the foundation of his political philosophy and argued that it is a statement of principles through which the United States Constitution should be interpreted.

Does our Constitution afford me the right to “OPT-OUT” of the above regulatory protection? Should it?

I wish I could end this article with some answers but I am really confused? I just want to use some software without having to denounce my citizenship?

A revolution is happening and our country seems to be doing a great job of f*cking it up. Good job at making America great again?!