Overview of the GLG Token: Everything you need to know about GLG
Something positive to come out of 2020 is the Global Lottery Gaming platform, delivering a unique token to transform the world of online gaming. And not just that, the platform also taps into the trendy world of yield farming offering investors another opportunity to get more bang for their buck. Let’s take a look at what the Global Lottery Gaming platform is all about, as well as an overview of the GLG token, with everything you need to know about GLG.
What Is GLG?
The Global Lottery Gaming platform has created a universal token that can be used across all online gambling platforms. Offering rewards and incentives across the board, the GLG is a rewards as a service (RaaS) platform that is ready to be fully integrated into the betting and gaming industry. Through the easy, cheap and effective distribution of these tokens as rewards, betting, lottery and gaming platforms can leverage their user engagement and platform sentiment. GLG provides the infrastructure that these platforms need to succeed.
More About The GLG Token
Native to the GLG ecosystem, the ERC-20 token has a max supply of 1,000,000,000 coins. Users can use the GLG token interchangeably in the ecosystem across various betting platforms, while also granting both the users and holders access to a range of benefits within the GLG ecosystem.
What Uses Does The GLG Token Serve?
The ERC-20 token has a plethora of use cases as well as benefits to offer not only the gaming world, but the crypto world as well. Let’s take a look at the many things users can do with the GLG token:
- Betting Platforms: Bet, play and win using the GLG token on a variety of online gambling platforms within the GLG ecosystem. From instant games, live sports betting and lotteries, tap into all the good stuff! Bet2WinAsia and CamWinLotto are two of the biggest platforms currently in the GLG ecosystem.
- Staking Smart Contract: Global Lottery Gaming offers users the chance to stake their GLG tokens in the platform’s staking contract. As each block passes, users can earn more GLG tokens and build up their portfolio.
- Yield Farming: Take advantage of the GLG yield farm and earn passive income as each block passes. Users can take their tokens out at any stage, taking their rewards with them.
- And More: Ever expanding, as the ecosystem grows so do your opportunities to reap in the rewards. Whether you’re using GLG tokens to bet on a lottery, or to bet on a virtual sports game, or in the staking contract, there are plenty of GLG tokens to be earned!
Of the 1,000,000,000 ERC-20 tokens created:
30% will be used to provide liquidity within the GLG-ETH Uniswap liquidity pool.
25% will be sold in the public and private OTC sale.
15% will be rewarded to the team for their initial development, distributed over a period of time.
30% will be used for maintaining and further developing the GLG token (including improving and upgrading the protocol).
The GLG OTC Sale
As mentioned above 250,000,000 tokens will be made available for sale. The OTC sale will take place over two rounds, each being either a public or a private sale.
Round 1: Private Round
50,000,000 GLG tokens will be sold at $0.0058.
Round 2: Public Presale
200,000,000 GLG tokens will be made available to the public at $0.00755 per token.
That concludes our overview of the GLG token, everything you need to know about GLG. Tap into this incredible ecosystem and learn more about it here. First sale is set to kick off in mid November, so be sure to keep an eye on socials to stay in the loop.