A Guide to Glitch Crypto
Glitch crypto launched in 2021 to bring DeFi (decentralised finance) to the masses. Currently, the cryptocurrency has a circulating supply of 79,261,522.63 GLCH out of the 88,888,888 total supply. As of writing, data from Coinbase showed the Glitch crypto price to be $0.0704.
The annual chart by CoinMarketCap showed that the journey hasn't been easy for Glitch Finance since its launch. However, with the little positive shifts in market conditions, Glitch crypto is one of the altcoins to look out for.
What is Glitch crypto?
Glitch Finance is a platform that makes it easy for everyday users and developers to get into the DeFi ecosystem. By ensuring a low entry barrier, developers can reach more users.
As a blockchain-agnostic platform, Glitch supports different blockchains. Thanks to this peculiarity, the power of permissionless applications will be unlocked while mitigating several drawbacks in the DeFi ecosystem.
For instance, Glitch’s platform promotes lower transaction fees, participant rewards, interoperability, and high-volume and speedy transaction processing. Furthermore, the proof-of-stake (DPoS) consensus mechanism ensures that no single entity controls the network.
Attaining its grand visions will require some time, hence the need for the platform's development to proceed in phases. The first phase of Glitch coin focused on developing a suite of decentralised apps (dApps). Together, the dApps work to deliver seamless blockchain user experiences. The apps run the DPoS consensus structure and incentivise community members via a revenue-sharing model.
As of now, Glitch Finance has completed its phase III launch. However, before delving into recent efforts that make Glitch crypto worth buying, let's consider the platform's features.
Features of Glitch
The Glitch Finance technology works to fix the lapses in the current DeFi ecosystem. Here are features core to the future Glitch crypto hopes to build for the DeFi ecosystem.
Transactions on Glitch proceed at a minimum of 3000 TPS, a benchmark that increases as the network grows.
Glitch coin rewards its community through its revenue-sharing model while ensuring low transaction fees.
Glitch crypto is a multi-chain platform that bridges the gap between different blockchains. This helps users maximise all infrastructures in the DeFi ecosystem.
The Glitch finance ecosystem also includes the GEX decentralised exchange. The peer-to-peer platform helps people speedily and efficiently trade assets with ease.
The Glitch crypto wallet is open-source and allows individual users to create personalised wallets to transact GLCH coins.
Recent positive efforts made by Glitch Finance
Glitch has made major, concrete moves in no particular order even as the current (as of writing) bear market persists. Two months after completing its phase I launch, Glitch Finance launched single-sided staking in collaboration with AllianceBlock. The campaign rewarded HODLers while the team continued to build.
In the same month, the team completed its phase II launch, which shipped upgraded network products, browser-extension wallet, new explorer, faucet, Glitch testnet v.2, etc.
Amid several other minor updates and maintenance work, the team began its phase III launch in June 2022, which was finally completed in September 2022.
You can take a more detailed look at the Glitch Finance platform updates.
How to buy Glitch
Glitch coin holds much promise, and with recent strides by its development team, the crypto has proved worthy of being in more people's portfolios. Hence, if you're considering owing some GLCH coins, here's how to buy them.
• Download a Metamask wallet. Make sure the wallet works for the Ethereum network.
• Set up your Metamask wallet.
• Buy some Ethereum as your primary currency on Binance, Coinbase, etc.
• Send your Ethereum to your Metamask wallet.
• Find a Decentralised Exchange compatible with Metamask.
• Connect your wallet.
• Upon connecting your wallet, exchange your ETH for the GLCH.
Beyond these steps, ensure to do your due diligence before purchasing.
Frequently asked questions about Glitch coin
Can I buy a GLCH coin with fiat?
No, you can't purchase Glitch coins with fiat currency. You need to buy ETH before you swap for GLCH.
Can I buy Glitch on Binance?
As of now, GLCH is not listed on Binance. You can, however, buy the needed Ethereum on Binance and transfer it to your Metamask wallet.
What Decentralised Exchanges can I buy Glitch on?
You can purchase Glitch crypto on Dex, like KuCoin, Pancake Swap v2, Uniswap v2, Indodax, and ProBit.
Author: Boboye Adeyemi
Adeyemi is a content writer/marketer with a year of experience writing quality content for various clients & brands in the cryptocurrency, blockchain, and technology industries. Adeyemi has experience in social media management/marketing, email marketing & SEO services.