What Is Glox Finance (GLOX)?
Glox Finance is one of the most exciting projects in the Decentralized Finance (DeFi) space in 2020. The soon to be launched application is an all-in-one platform that enables users to GloxStake, GloxFarm, GloxLending, Gloxsure, GloxBorrow and Glomex among other features for high returns. Glox Finance’s multiple functionalities are enabled by the project’s groundbreaking technology that makes it stand out among its peers.
Glox Finance Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Glox Finance |
| Short Name | GLOX |
| Circulating Supply | N/A |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Solution
DeFi has undoubtedly changed the traditional financial sector with several novel products and services that eclipse the offerings in the mainstream finance market. These new exciting products have attracted more users into the crypto space who want to grab the opportunity to make extraordinary returns on their investments. Unfortunately, the existing DeFi platforms are unable to deal with explosive demand due to their inherent platform limitations.
Moreover, most of these platforms provide one or few applications or products. As a result, investors are forced to constantly shift across different apps to engage in separate activities like staking and lending among others. Glox Finance Finance is addressing these challenges with their one-stop-platform for all DeFi products through which users can access all offerings within the space. To achieve this, Glox Finance is focussed on the following mission and vision.
Vision
Glox Finance will champion decentralization and give power back to the people by allowing them to do future-oriented investments for financial freedom. Glox Finance has developed an ingenious blockchain based voting mechanism that supports the diverse choices of its decentralized user base. This system enables governance on the protocol with free public voting.
Mission
Glox Finance will become the leading financial technology offering a brighter future through generation of trust and cooperation with the users for long term prosperity. In line with this mission and vision, the Finance platform is established on these key tenets that make it the most attractive DeFi protocol. Glox Finance underlying infrastructure supports the provision of multiple pools and staking options for any user in a decentralized manner. The platform features an attractive interface that is simple and easy to use with detailed instructions.
Security
The Glox Finance employs multiple layers of security features that safeguard their users funds and shields the platform from external attacks. It provides security and enhances transparency which is critical in the DeFi ecosystem. Glox Finance is dedicated to upholding the true spirit of decentralization that in turn guarantees trust less transactions that are key in the DeFi space. The Glox Finance smart contracts are fully audited and verified to eliminate any doubts about potential exploits or mishandling of users funds.
Staking Process
An investor stake 100 Glox tokens in the platform, so the protocol will cut 1.5% from the initial 100 Glox tokens thus leaving a balance of 98.5 Glox tokens in staking for a month, the user will then earn 5.91 tokens on his staked Glox. If the investor decides to unstake after the 1 month period, the system will cut 1% unstaking fee from the original 98 tokens. This will provide a net return (after fees) of 3.425 Glox tokens.
Farming is a primary attribute that is accelerating DeFi space. To put it simply, farming is the best way to get rewards with cryptocurrency holding. Farming through Finance allows you to earn rewards by providing liquidity in different pools which details will be released soon. Mint Glox tokens by staking. Returns would be 0.2% per day, 6% per month, 72% per year fixed returns. Deposit your crypto into the community fund to be used by other community members for whatever they need.
Cryptocurrency
GloxFarm is easy to use and will include your estimated rewards. Mathematical models and data extracted from the existing markets were carefully analyzed to come up with the most ideal liquidity provider rewards. GloxFarm will give you generous returns by farming through a variety of liquidity pairs.
Through Dapps you can convert any cryptocurrency to other cryptocurrencies as long as the pair is available and you can trade coins and tokens up to 100x leverage. A community made of depositors and borrowers, depositors earn a passive income by providing liquidity while borrowers have instant access to a variety of loans.
