Glitch Protocol

Glitch Protocol


Key Metrics

Real Volume (24H)$253,870
Fully Diluted Valuation$3,221,019
ATH Date11/14/2021, 6:32:28 AM
ATL Date12/7/2022, 4:06:23 PM
Circulating Supply70M
Total Supply89M
Popularity Rank1363
What is Glitch Protocol?

Glitch (GLCH) is a blockchain protocol designed for decentralized finance (DeFi) that supports multiple blockchains to achieve mass adoption and unlock the potential of permissionless applications. The platform aims to minimize transaction costs and reward its users while being fast and interoperable. The Glitch ecosystem enables the exchange of data and unique digital assets with other blockchains through a bridging infrastructure.

To ensure that the network is not controlled by a single individual, Glitch uses a delegated proof-of-stake (DPoS) consensus mechanism. Validators are voted in to validate the blocks on the chain. The platform aims to scale from layer 1, which focuses on improving the base protocol to make the system more scalable. Glitch has a low network fee and incentivizes its community members through a revenue-sharing model. The native token of the Glitch platform is GLCH.

The Glitch ecosystem comprises a decentralized exchange (GEX), a cryptocurrency wallet, and an explorer, apart from a blockchain. The Glitch wallet is an open-source interface that enables users to create personalized wallets to send and swap GLCH tokens. GEX is a peer-to-peer platform that allows users to trade digital assets quickly and easily. GEX also enhances speed and cost-efficiency.

Glitch is a community-driven platform, and decision-making power lies in the hands of its members via a decentralized autonomous organization (DAO). Users can get GLCH tokens, which provide them with voting rights on network changes. Glitch also allows users to earn staking rewards by staking their GLCH tokens for a share of the GLCH-ETH-BNB rewards pool.

The CEO and founder of the Glitch platform is Sean Ryan. The technical whitepaper version 2.0 was released on April 04, 2021, superseding the old version dated October 2020. The maximum supply of GLCH is 88,888,888 tokens.

In conclusion, Glitch (GLCH) is a promising blockchain agnostic protocol designed to support decentralized finance (DeFi) with its fast and interoperable platform. The Glitch ecosystem offers users multiple functionalities, including a decentralized exchange, cryptocurrency wallet, and explorer. The platform's community-driven approach and revenue-sharing model incentivize users and provide them with decision-making power through a decentralized autonomous organization (DAO). As Glitch continues to evolve and innovate, it aims to minimize transaction costs, scale from layer 1, and enable the exchange of data and unique digital assets across multiple blockchains. With Sean Ryan as CEO and founder, and the release of the technical whitepaper version 2.0, Glitch's maximum supply of 88,888,888 tokens presents an exciting future for the platform and its users.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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