The results of the broadcast with Sergei Ordin on 10/27/2021
⚡ So, the broadcast with Sergey Ordin is over. During the broadcast we discussed how the structures will be built in GLIZE, as well as the process of migration — exchange of UMI to GLIZE, if the community votes “FOR”. At the end of the broadcast Sergey answered the most popular questions 🎥
The broadcast began with a question about building structures. Sergey Ordin explained why referral structures for GLIZE will have to be built from scratch: “The old structures will be invalid, because there will be no more UMI staking and, accordingly, no more rewards for inviting new people” — said Sergey. — “Therefore, after the transition to GLIZE staking, there will be a different, better and improved referral program with many bonuses. Everything will be different there, and so everything has to start all over again.”👨
✋ Voting to stop staking will continue until November 1. If the majority of users vote “FOR”, the UMI team will integrate an update that suggests stopping staking when it reaches 1 billion coins, and the master nodes will support it 🤖
🔴 On November 1, if the vote is successful, new Personal Accounts for GLIZE will be ready within a week.
🟡 In a week Vladimir Moshkin, founder of the ROY Club, will be the first to generate a referral link.
🟢 Then Vladimir Moshkin will give the referral link to his first line and they will start registering. Then Vladimir’s first line will register his first line. And on this principle until the structures are lined up. There will be two weeks to register in the new referral system. This is enough time to create teams 📅
‼️ Also, Sergei Ordin noted an important point: “In this first stage, which will last two weeks, it will be impossible to register without a referral link. This is necessary to avoid confusion, to ensure that all leaders have properly built their structures and do not waste time on reshuffling and so on. There will not be a leader change function,” he said. During these two weeks, it will not yet be possible to exchange UMI for GLIZE. This time is exclusively for building structures.
❷ Then Sergey reviewed the UMI to GLIZE exchange and the stages of migration, “Two weeks after all the structures are lined up, we will be ready to launch the migration stage from UMI staking to GLIZE token. The first users will get additional early bird bonuses. And the numbers there are very impressive 📈
☝️ The first 100 people will get as much as a 900% bonus. The next 150 people will get a 400% bonus, the next 250 will get a 100% bonus. And so on until 5,000 people exchange UMI for GLIZE. To make everything as honest and transparent as possible, the possibility of exchanging UMI for GLIZE will be open for everyone at once on a certain day and hour, it will be announced in advance on all social networks. Leaders and regular participants will be in equal conditions 🔉
🎤 Also Sergey Ordin specified: “UMI to GLIZE exchange itself will take place in three stages, and each of them will start after the completion of the previous one.” Here are these three stages:
1. The first stage is called “Preparation”. At this stage users will be able to exchange UMI to GLIZE at a rate of 5:1. That is, for 5 UMI you will get 1 GLIZE. This stage will last until 100 million UMI will be exchanged.
2. As soon as 100 million UMI will be exchanged for GLIZE, the second stage — “Refueling” will begin. At this stage, the exchange rate will already be 6:1, that is, for 6 UMI coins users will receive 1 GLIZE token. This stage will also last until 100 million UMI will be exchanged.
3. And the third stage is “Flight”. Here, users will receive 1 GLIZE token for 8 UMI coins. And this stage will also end after the exchange of 100 million UMI.
⚠️ That is 300 million UMI will be exchanged and burned in three stages. In return, users will receive GLIZE tokens in corresponding proportions — depending on which stage they connected to. The earlier they connected, the more they will get 💸
Bonuses for early birds will be at EVERY stage (Preparation, Refueling, and Flight). That is, the first 5000 people in EVERY stage will get extra very cool rewards, just decreasing from stage to stage. Naturally, the very first stage is the biggest rewards 💰
✅ And there will be another, fourth stage, for those who are late. It’s called the New Spaceship Stage. At this stage, the exchange rate will be the most unfavorable — 10:1. This stage will last until users exchange another 200 million UMI 💰
🚫 After all these four stages, the UMI to GLIZE exchange will be closed. 500 million UMIs will be burned, i.e. permanently withdrawn from the market, and users will receive GLIZE in return. That will be the end of the migration stages 🏁
🔥 Once users start swapping UMI for GLIZE, they will receive additional rewards for another month. All this will be on top of a favorable exchange rate like 5:1 and on top of an early bird bonus. It’s called a “migration reward,” which ranges from 2% to 45%, depending on the stage and amount of the exchange.
📊 As an example, Sergey gave a table with rewards at the preparation stage:
📄 For example: you plan to burn 25000 UMI when you migrate to GLIZE in the first step — “Preparation”. The 25000 coins match level 4, which means you will get 5000 GLZ for the exchange in the proportion of 5:1. And an additional 30% reward of 1500 GLZ. So, in the end, you will get 6500 GLZ for 25000 UMI 💸
💰 This additional reward will be awarded during one month. After that, the token will be listed on the decentralized exchange U-DEX, which is an exchange based on the UMI blockchain. It will be one of the elements of UMI OneApp. GLIZE will be listed in pair with UMI and the price of the token will be set by the market. What it will be is not yet known, but it is assumed that the token price should be at least five times the price of UMI. After the listing, GLIZE staking will start, but Sergei Ordin promised to tell about it later 🎥
🔥 Another important point, which Sergei pointed out. It is that people who will not get to the migration to start staking GLIZE will have to buy tokens on the exchange from users who have already migrated to GLIZE. So, from our members who have already migrated. So anyone can actively migrate UMI to GLIZE and be among the first on the most favorable terms. Naturally, all stages of migration are beneficial because they involve additional bonuses 🎁
📝 So, to summarize, this is the picture we get if the majority vote “FOR”:
➤ Within a week, the new Personal Accounts will open. Everyone starts signing up and building their referral structures.
➤ In 2 weeks, the opportunity to exchange UMI for GLIZE opens. The earlier users exchange, the more tokens they get.
➤ Then there’s an early bird bonus and additional rewards for the month.
➤ Next, GLIZE is listed on U-DEX paired with UMI — and the staking begins.
❸ At the end of the broadcast Sergey Ordin answered the most popular questions from the community, collected by the ROY Club team. You can read these questions and answers in a separate article: https://teletype.in/@royclubofficial/QrXbS7xCLuv
🎤 That’s the end of the broadcast, today it was very intense and carried a lot of important information for all participants. We are waiting for another meeting with Sergey Ordin, don’t forget to read the LIGHT PAPER and vote for our future development 🌞