Glitter Finance (XGLI)

IDO

Last updated: Jan 27, 2022

Glitter is a brand changing innovator bridge that brings the everyday user into the crypto world seamlessly.

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Overview

Project industry	Blockchain Infrastructure
Product type	Technology
Whitepaper	Open
Onepager	Open

What is Glitter Finance

Glitter Finance is creating an ‘ease of movement between blockchain ecosystems’ platform, with a backbone rooted in the Algorand technology. Glitter Finance will first create a bidirectional bridge between Algorand and Solana, which will include integrated yield pools on both blockchains, allowing the bridge to become an investment platform due to the redeployment of synthetic tokens created by the Glitter Bridge on blockchain 2 (which, as it is a bidirectional bridge can be either Solana or Algorand), and redeployed into the yield pools. Glitter further aims to integrate a fiat portal into the platform, along with algorithmic trading. These technologies will be integrated into the Glitter Finance Platform to facilitate mass adoption into DeFi. The ultimate purpose of Glitter Finance is to decrease the knowledge threshold and increase the ease of using a DeFi platform for people outside of the crypto world.

Details

IDO (Infinitypad Launchpad): Jan 30, 2022 - Jan 30, 2022
Token supply: 500,000,000 XGLI
Total tokens for sale: 234,350,458 XGLI
Raised: 3,000,000 USD

Legal

Blockchain Platform: Algorand
Registration country: Estonia
Registration year: 2021

Office address: Harju maakond, Tallinn, Kesklinna linnaosa, Tartu mnt 67/1-13b, 10115

Token info

Ticker: XGLI
Token distribution:
Token Sale - 46.87%
Incentives/Staking/Airdrop/Giveaway - 7.13%
Treasury/Reserve - 20%
Marketing - 4%
Team - 18%
Advisors - 2%
Liquidity (DEX and CEX) - 2%