GAX Liquidity Token RewardPrice

(GLTR)

GAX Liquidity Token Reward, commonly known by its ticker GLTR, is a specialized utility token within the Aavegotchi ecosystem. It is primarily used as an in-game resource for the Gotchiverse, which is a play-and-earn decentralized metaverse. The token is often described by its community as tokenized time because its main function is to allow players to accelerate the progression of their activities within the game. The primary utility of GLTR is to speed up the crafting and upgrading of installations on land parcels within the Gotchiverse. In this ecosystem, one GLTR token represents one block of time on the Polygon network. By burning these tokens, players can bypass the standard waiting periods required for building or improving their digital structures, allowing them to reach higher gameplay levels more quickly. Beyond individual crafting, GLTR has several other roles. It is used in auctions for specific items known as Wearable Crests and for promoting events hosted by land owners on their parcels. Within the guild system of the game, players can use the token to speed up a process called Guild Channeling. It also serves as a reward mechanism for participants who provide liquidity to the ecosystem. The token was launched as a fair-launch asset with no pre-sale or venture capital allocation. It is distributed to users who provide liquidity to specific pairs on decentralized exchanges and then stake their liquidity provider tokens within the Aavegotchi protocol. The distribution schedule is designed to span several decades, focusing on rewarding long-term participants. Technologically, GLTR operates on the Polygon blockchain, benefiting from the network's high transaction speeds and low costs. As a resource-focused token, its value within the ecosystem is tied directly to its ability to save time for active participants and guilds. The AavegotchiDAO, the governing body of the project, has the authority to introduce further utilities for the token as the metaverse expands and matures. Learn more

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