Today the Gibraltar Blockchain Exchange (GBX) announced its anticipated Sponsor Firm Rules. Projects which apply to launch their token sales via the GBX platform and which expect their token to list for secondary market trading on the GBX cryptocurrency exchange must also appoint a Sponsor Firm.
An integral part of the listing process at the GBX, Sponsor Firms help to make sure only the highest quality listing applications come to the GBX. The model helps “ensure efficiency, greater due diligence, quality control, clarity, and delineation of responsibility.”
The Sponsor Firm model is one of the most important things that the GBX says it has borrowed from the operation of its parent, the Gibraltar Stock Exchange.
GBX Sponsor Fees which include the application fee and annual fee, are listed at $25,000 and are all to be paid in RKT, the GBX native token. The Rock Token (RKT) public sale commences on February 7th.
To read any of the rules in full, see the GBX website.
GBX also notified they are releasing the full Sponsor Firm application pack, and is now inviting prospective Sponsor Firms to submit applications to firstname.lastname@example.org