GluePrice

(GLUE)

Glue is a consumer-focused blockchain ecosystem built on Substrate, designed for ease of use, flexibility, and security. It integrates a Layer 1 blockchain with three interconnected Layer 2 solutions. A central component is the "Glue Hub," which functions as a decentralized app-store, streamlining user access to various dApps within its unified environment. This comprehensive design aims to provide a seamless and user-friendly experience for interacting with decentralized technologies.

Glue differentiates itself by tackling common blockchain challenges like high transaction fees and fragmented ecosystems. It offers low costs, high transaction speeds, and a unified token model where the $GLUE token serves as the sole utility token across its entire ecosystem. This approach simplifies user interaction and reduces complexity. Furthermore, Glue emphasizes interoperability, allowing users to bring assets from diverse blockchains into its single system. A key distinction is its focus on curating high-quality decentralized applications (dApps) within its "Glue Hub," ensuring a seamless and reliable user experience, rather than just providing a generic platform for any dApp.

The $GLUE token is the native utility token central to the entire Glue ecosystem. Its primary functions include paying transaction fees (gas) across the network, facilitating various payments within the Glue Hub's decentralized app-store, and securing the network through staking mechanisms. Additionally, the $GLUE token plays a vital role in enabling and powering functionality within its interconnected Layer 2 ecosystems, ensuring seamless operation and participation throughout the Glue platform.

Yes, GLUE tokens can indeed be staked. Staking $GLUE tokens is a fundamental mechanism for participating in network security and validation. Glue is designed to simplify this process, allowing users to stake their tokens directly through its Layer 2 solutions. This approach makes it easier for token holders to contribute to the network's integrity and potentially earn rewards, without needing complex technical knowledge, thereby enhancing accessibility for a broader user base.

The initial supply of $GLUE tokens is set at 1,000,000,000. The ecosystem incorporates minor, controlled inflation over time, strategically designed to support network security and reward participants. The token distribution includes specific allocations: 15% for founders, 10% for the foundation, 1% for seed contributors, and 0.37% for LBP (Liquidity Bootstrapping Pool) contributors. These allocations are subject to structured vesting schedules, which are put in place to ensure long-term commitment from core team members and early supporters, aligning their incentives with the project's sustained growth and stability.

The Glue Network places a high priority on security through several measures. Its smart contracts undergo rigorous audits by reputable firms like Hashlock, ensuring their integrity and resilience against vulnerabilities. Furthermore, Glue employs a self-custody model, which empowers users with full and direct control over their digital assets and funds. This approach minimizes reliance on third parties for asset management, significantly reducing counterparty risk and enhancing overall user security within the ecosystem.