Virtual currency GMC

English Name: Game chain

abbreviation: GMC

Chinese Name: postal money

issue time: March 18, 2015

application field: commercial trade, cross-border payment

GMC

Introction. At first, GMC (postal currency) was only used to deal with the instability of the international dollar and euro in the European Union and several countries in South America for a small range of commercial digital currencies with Asian enterprises. Then poloniex, a competitive platform, also claimed that it would support GMC trading, But LK eyvi der, the chief executive officer of bitpay, thinks that the intervention of poloniex exchange is likely to lead to the surge of GMC in a short period of time and disturb the original application ecological environment in view of the original intention of issuing as a stable currency and the consideration of its application scope and global total issuance. So in May 2015, the wallet and other functions were canceled, and the exchange was changed to C2C trading on an exchange named after bitpay. After that, the exchange of GMC (postal currency) to the legal currency of a certain Asian country was stabilized at 1:1. The issuer claims that it strictly abides by the 1:1 reserve guarantee, and every time it issues a GMC stable currency, its bank account will have a capital guarantee of 1 yuan

in terms of compliance, KYC certification is required for the operation of all legal coins involved

features

stable currency

bitpay converts cash into GMC (postal currency), anchoring or limiting the value to the price of several Asian currencies

Security

bitpay's blockchain technology can provide world-class security and comply with international compliance standards and regulations

tokens created for the Internet

no matter what you do with digital currency, you can now use digital cash

1. blockchain companies

   . Provide your services in various digital currencies

   . Currency priced goods and services that users are familiar with

   Bypass financial institutions, rece operating costs and time

2. indivial / trader

   . Become the guardian of your own funds and eliminate the risk of exchange supervision

In 1977, the software began to be used in business management competitions in Europe, and then graally extended to America, Africa, Oceania and Asia, becoming an annual international competition. In the past 39 years, the international business management challenge has been held for 22 times, and hundreds of thousands of people have participated in the competition. Every year, the International Organizing Committee will update edit515 software according to the decision-making data submitted by the participants, combined with the real statistical data of real enterprise management and new situations and problems in enterprise management. Therefore, the software is the crystallization of collective wisdom accumulated by management experts and hundreds of thousands of competitors over the past 20 years
edit515 software has been widely used in MBA teaching abroad as a teaching aid besides being used for competitions. Many world-famous enterprises also use the software for the selection, training, assessment and evaluation of managers
the software is the only authoritative enterprise management simulation system recommended by EC< The software of international enterprise management challenge has the following eight characteristics:
1. It has been 39 years since the software came out, and it has lasted for more than 30 years. Time itself has proved its vitality
2. It is widely spread in the world, and has developed into an international competition in which teams from more than ten countries and regions are selected to participate in each year. This is probably the only one in the world
3. Update every year to make it closer to the real business environment of the international market and adapt to the trend of the times. For example, the 2001 Version of the software added e-commerce content to make it more realistic to simulate the new changes brought by the development of IT technology and network technology to business administration
4. It is widely accepted by MBA colleges in China. At present, most of the MBA colleges in China have participated in the competition and have benefited a lot
5. The environment of software simulation is very similar to that of China. Although the software simulates the European market environment, the market environment is very similar to the Chinese market. The area and total population of Europe are similar to those of China, and the free flow of labor, resources and commodities and the unification of currency have been realized among the countries within the EU, which are similar to the relations among the provinces of China
6. In line with WTO rules. The game rule of the software is the operation mode of enterprise management under the condition of standard market economy. Being familiar with these modes is of great benefit to Chinese enterprises after entering WTO
7. The software has been completely sinicized, which is convenient for Chinese people to learn and master. At the same time, because it has both Chinese and English versions, it is concive to the improvement of participants' financial and business English
8. Can use computer, advanced mathematics, statistics, operational research and other related knowledge and software for analysis and calculation. Such as: simple programming, calculus, regression analysis and planning solution and other basic knowledge, as well as the use of Excel, SPSS, Lindo and other related tools for data processing and parametric modeling. It is helpful to improve the participants' mastery of these related knowledge and software
every year, the champion of China's competition area represents the International Finals of Chinese mainland's participation in the international business management challenge. From 1996 to 2005, the teams of six universities and enterprises won the championship in China. They are the team of North Jiaotong University, Siemens United of University of international business and economics, Sichuan University, Sun Yat sen University, Xi'an Jiaotong University and Beijing University of technology. The pride of the Chinese people is that in the International Finals, the Chinese team won the world championship four times. They are the Siemens united team of the University of international business and economics in 2000 and 2001, the team of Sichuan University in 2003 and the team of Sun Yat sen University in 2004. There are also a number of excellent coaches and players. Due to the excellent work of the China Organizing Committee, the International Organizing Committee awarded the best organization award of 1999 and 2000 to the China Organizing Committee
a virtual listed company is run by a team of five participants, who play the roles of general manager (CEO), proction and R & D (COO), marketing and marketing (CSO), accounting and Finance (CFO), human resources (CHO) and other managers. According to the modern enterprise management knowledge, the team members make a series of decisions on the operation status of the enterprise every quarter, and compete with other seven virtual enterprises in the same market
decision-making involves the development strategy, proction, R & D, marketing, human resources, investment, finance and other aspects of an enterprise. At the same time, it is interspersed with many important practical knowledge such as finance, trade, accounting, futures, investment, information technology and so on, so as to maximize the simulation of the real operation of a company under the conditions of market economy
every company must grasp the constantly changing macroeconomic environment, the competition situation among companies and the interaction among various functional departments within the company, and formulate its own competitive strategy, proct mix, sales forecast and marketing mode by establishing various quantitative models, carrying out marginal analysis, quantity game and price competition, Through the analysis and decision-making of capital structure, proction scale, marginal contribution rate, proction capacity, inventory, cash flow, labor reserve and other aspects, the operation results are controlled and adjusted
after the decisions of each company are processed by computer simulation software system, the company's "management report" is formed to reflect the market effect of the company's decisions, and the company's stock market price is used as a comprehensive index to measure the business effect. According to the management report, the companies make decisions on the operation of the next quarter, submit them to the computer again for processing, and get the management report of the second quarter. In this form, the cycle repeats until the end of the fifth quarter, and the company with the highest stock market price wins
the competition in China adopts the group single round elimination system, which is divided into four rounds: preliminary round, semi-final round, semi-final round and final round