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Glare Token (GLX) - DeFi Token backed by Ethereum
What is Glare?
Glare is a token asset 100% backed by Ethereum. The exchange rate of GLX to ETH is handled by the smart contract and retains 100% liquidity. Tokens are minted by sending Ethereum to the smart contract and price is determined a Price = Total Supply * .000001 ETH. As more tokens are minted token price rises. All tokens minted are subjected to a 10% tax which is distributed to referral nodes and CD contract holders.
What are CD contracts?
CD contracts are created by GLX holders. Their GLX is locked in the CD contract for a number of days determined by the user. The CD contract GLX consists of GLX from contracts created, taxes on minted tokens, and penalties for contracts cancelled early. Users are may close their GLX contracts and withdraw their GLX any time after expiration. Any contracts closed early will result in a loss of dividends and a 10% penalty tax.
Referrals
Glare pays 25% commission on any buy referrals. Generate your link at Glarex.co under the refer tab. Once you refer an account you will receive commissions on their lifetime buys. We also offer a masternode program for influences which pays 50% commission. Contact us to gain masternode status.
Airdrop
For the launch of the token we are airdropping tokens directly from Glarex.co. This GLX is supplied by the tokens minted by the dev team.
- .1 GLX per airdrop
- 3000 total airdrops
- Limit 1 airdrop per address
Price and Supply relationship
| Supply[GLX] | Price[ETH/GLX] | Total ETH |
| 1,000 | .001 | .5 |
| 10,000 | .01 | 50 |
| 100,000 | .1 | 5,000 |
| 1,000,000 | 1 | 500,000 |
| 10,000,000 | 10 | 50,000,000 |
Token:
Name: Glare
Symbol: GLX
CD Contract: 0x845D6a8401f467852dd27802ad5803E12E17fE9F
Token Contract: 0x39731Cb7727250bc42b7b72055934e8b3eeAc3b4
Decimals: 18
Platform: Ethereum
Token Standard: ERC20
