Does GLX require blockchain?
Absolutely – blockchain technologies are at the core of the GLX platform architecture.
Is GLX open-source? Is code available on Github?
GLX strives to be as open and transparent as possible with all development. While some code will be made open-source and publically available, some partnerships and R&D initiatives necessitate keeping projects private during the initial phases.
Our GitHub repository can be accessed at – Github.com/GLXI
Does GLX have a functioning product?
Yes. The GLX platform is entering its third phase of development. The first phase of the project (GLX 1.0) began in 2013 and developed one of the most robust capital market databases and directories. The second phase (GLX 2.0) used this foundation to develop the first social finance network for global capital markets.
Our Release Notes can be viewed at – GLX.co/Release-Notes
What does dICO stand for?
“decentralized Initial Community Offering”
Does GLX have a whitepaper?
Yes, the whitepaper is available by CLICKING HERE.
Does the mining structure favour the founders and development team over investors and others?
All GLX Tokens are pre-mined and managed / distributed by The GLX Foundation, and token allocation in no way favours any specific group.
Does the dICO have a premine for a small group before coming publicly available?
No. All participants are treated equally.
Is there blockchain experience / knowledge in the team?
Yes, GLX leadership has extensive experience in emerging technologies and a track record of successful innovation in multiple industries. View our team members by CLICKING HERE.
Is there a clear roadmap with funding and development goals?
Yes, the GLX team has an extremely detailed roadmap that accounts for funding, operations, and development. A basic overview is viewable in our whitepaper and a more robust timeline can be made available upon request.
Does the dICO offer a possibility for public discussion?
The GLX is incredibly excited to be sharing years of work with the community and invite all interested parties to contribute feedback. See our video below on how to join the GLX chat group. Remember new members receive 1,000 FREE GLX Tokens.
Is GLX active on social media?
Yes, you can connect with GLX on all major social platforms. While our focus has been on R&D in recent months, we expect our social communities to grow exponentially in the near future as we begin marketing and promotion.
Does GLX offer support and answer the questions?
Does GLX have competent counsel and legal advisors?
Absolutely – GLX works with a number of different prominant law firms with regard to securities law, intellectual property law, and general corporate law. We also have several seperate legal advisors.
Is there a hard cap?
What happens to the unsold tokens?
What are the benefits of a Komodo-based token?
Komodo Platform makes creating secure, independent blockchains easier than ever before. Every blockchain created on Komodo Platform uses the dPoW consensus mechanism to ensure Bitcoin-level security, as well as zero-knowledge proofs (zkSNARKs) to allow complete privacy.
Every blockchain launched on Komodo Platform enjoys all the benefits while remaining completely independent from the Komodo main chain.
Komodo Platform connects the entire blockchain industry with its atomic swap technology. Through a secure, peer-to-peer, decentralized exchange called BarterDEX, users can trade ~95% coins in existence without the need for centralization.
Is the GLX Token a utility token?
GLXT is a hybrid token – part utility, part work, part reward.
The GLX token enables critical functions of the platform, including:
Platform / Product / Feature Access
User / Creator / Developer
Internal Payments / Value Exchange
- Active Work
Product Development / Content Creation
- Passive Work
Data Sharing / Token Staking
- Usage Fees
Product / Feature Fees
- Platform Incentives
Staking / Product Rewards
Is the GLX Token an ERC-20?
While many ICOs to date have been issued using Ethereum, ERC20 tokens are not actual blockchain coins. They only represent smart-contract agreements, locked to the main Ethereum blockchain’s coin. By launching on Komodo, the GLX Token is its own blockchain-native token issued on an independent blockchain (GLX Chain).
What are atomic swaps?
The GLX dICO is made possible by Komodo’s cross-chain atomic-swap technology. Atomic swaps allow users to trade cryptocurrencies directly from one blockchain to another. No proxy tokens, centralized exchanges, escrow services, or other third parties are required. Atomic swaps make many other solutions to blockchain interoperability unnecessary.
What is Delayed Proof of Work (dPoW)?
Delayed Proof of Work (dPoW) is a solution that utilizes multiple existing methods into a single hybrid consensus system that at the same time is as energy efficient as Proof of Stake (PoS) while being secured by Bitcoin Proof of Work (PoW). Thus dPoW allows even the weakest of blockchains to benefit from Bitcoin’s hashrate, making Bitcoin’s power usage much more efficient and eco-friendly as it is securing the entire ecosystem of dPoW in addition to itself.
What is zk-SNARKS?
The acronym zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” and refers to a proof construction where one can prove possession of certain information, e.g. a secret key, without revealing that information, and without any interaction between the prover and verifier. READ MORE: https://z.cash/technology/zksnarks.html