đź’ˇ The new GLIZE token: answers to community questions
Staking shutdown, UMI entry to the DeFi market, the launch of the new GLIZE token — these could be very big changes. And to make all the information as transparent, understandable and accessible to everyone as possible, we will answer the questions you care about and tell you in great detail about all the nuances of the migration to GLIZE, which will happen if you vote “FOR” https://umi.top/vote. 🙌
Within this article, we’ll answer the 25 most popular questions our users have. Let’s not bore you with a long introduction, let’s go answer them! 🚀
1. Will GLIZE price grow, as UMI price grows?
Initially, there will be a fixed exchange of UMI to GLIZE at the migration stages in the proportions of 5:1, 6:1, 8:1. And only after that GLIZE token will enter the open market and will have its own market rate.
The price is set by the market. The rate of GLIZE, like any other asset, will be formed on the basis of supply and demand.
But GLIZE will be traded in pair with UMI on a decentralized exchange. In theory, an increase in the price of UMI could actually have a positive effect on the GLIZE exchange rate. It’s similar to what you can see when Bitcoin or Ethereum grow — those cryptocurrencies and tokens, which are traded in pair with them, usually grow when BTC or ETH rate goes up.
Also note that according to our calculations, GLIZE exchange rate will be at least 5 times higher than UMI exchange rate at the launch of trading. This is not a statement, just our opinion and thoughts. We can’t give any forecasts and investment advice because GLIZE is a decentralized asset.
2. What will happen to the ranks in the ROY Club?
All structures for GLIZE will have to be built from scratch, just like it was with UMI coin integration. The rules of the bonus program will be different and your level will also have to be obtained anew.
Before the official launch of GLIZE you will have a full two weeks to build your team anew. In the meantime, the old UMI Personal Accounts will continue to work for your convenience. They will be removed later when the ROY Club leaders have successfully built GLIZE structures.
It will be like this: in the beginning Vladimir Moshkin as a founder of ROY Club will generate his referral link and will distribute it among the top leaders, forming their first line. Then the leaders will start distributing their referral links, forming their first lines. And so on until the GLIZE structures are lined up.
3. What is the emission of GLIZE (what percentage of staking, how many tokens will be released)?
GLIZE staking will start after the migration stages (UMI to GLIZE exchange and first migration bonuses). The staking will take place in 3 stages:
- The red staking phase is the most lucrative. Reward will be 13–25% per month depending on the total amount of GLIZE in the staking. This stage will start after users add a total of 50 million tokens to the staking. And will end when the total issue of GLIZE reaches 250 million tokens.
- Blue-staking phase reward will be 3–15% per month. It will start when 250 million tokens are reached and will end when the total issue of 500 million GLIZEs is reached.
- Green-staking phase — 1–10% per month. Starts at 500 million GLIZE, ends at 1 billion.
Each staking phase is designed for about 1 year.
When the total issue of 1 billion GLIZE is reached, the staking will be stopped.
Note that by the end of the red staking phase or the beginning of the blue-staking phase, the GLIZE token will be deeply integrated into the UMI OneApp ecosystem and will be used as a native token of the huge NFT platform. This will give it value, and participants will gradually have more and more opportunities to make money with GLIZE beyond staking.
Note that GLIZE staking takes into account all the disadvantages of UMI staking that led to over-emission. That is why the reward is gradually decreasing rather than increasing. And 1 billion tokens will be reached not in 1 year, but in 3 years, according to our calculations.
4. What is GLIZE for? What to do with it?
Initially GLIZE token will be used for staking as an alternative to UMI staking, which will be stopped in case of “FOR” vote.
Thanks to GLIZE you will be able to increment your tokens and get very cool bonuses, which has never been seen before in the history of ROY Club. Also the first users who switched from UMI to GLIZE will get a very beneficial reward. Read all about it in the Light Paper: https://t.me/roy_club_news_en/1598
Later on GLIZE will be tightly integrated into the UMI OneApp ecosystem. It will act as a native token of the NFT marketplace.
So in the end GLIZE is not just a profitable token. All this is done in order to create a unique quality product — a large-scale NFT-marketplace that will be actively used and have high value in the huge UMI OneApp ecosystem.
5. Will the token be traded on major exchanges such as Binance and Huobi?
GLIZE token will be listed on the decentralized exchange U-DEX paired with UMI. There you can easily exchange GLIZE to UMI, and vice versa.
And the UMI team will already be working to get UMI listed on Binance, Huobi and other major exchanges. We believe that they will succeed.
6. What happens to my UMI coins if I don’t exchange them for GLIZE?
Nothing will happen to your UMI coins. You will still own and use them as you wish. Hold them, sell them, trade them, trade them to GLIZE. It’s up to you. But you won’t be able to multiply your coins with staking anymore.
Moreover, UMI will be a native coin in the blockchain universe of UMI OneApp. So in the future, you’ll be able to use UMI there as well. Including exchanging UMI for other cryptocurrencies and tokens and using it for products in the UMI OneApp ecosystem.
7. How will GLIZE be changed back to UMI? What fee will there be?
There will NOT be any fee. After the migration, GLIZE will be available for trading in pair with UMI on the U-DEX exchange. And there you will be able to exchange your tokens to UMI at the rate the market will set, without any fees.
8. If there are plans to reduce the number of UMI coins to 210 million, will we have enough UMI to convert them to GLIZE?
During the migration stages, it will be possible to exchange up to 500 million UMI for GLIZE. Then, for token staking, you will only have to buy GLIZE on the exchange — from users who have passed the migration stages. Exchange with profitable bonuses will not happen anymore. Also note that the exchange rate will be the most profitable at the beginning of migration. So it’s better to hurry up. :)
9. Will the 5:1 rate always be there? Or will it change?
During the migration, the exchange rate will change depending on the stage of migration:
- Initially, at the “Preparation” stage, the rate will be 5:1 (you can get 1 GLIZE for 5 UMI).
- When the first 100,000,000 UMI are exchanged for GLIZE, the “Refuel” stage will begin and the rate will be 6:1.
- After another 100,000,000 UMI, the “Flight” phase will begin — and the rate will become 8:1.
- And in the very last phase, called “New Spaceships”, the exchange rate will be 10:1.
10. Will the GLIZE token be for MLM leaders only, or will the ordinary investor can make profit as well?
GLIZE is not only focused on MLM and related bonuses. The MLM component is needed here primarily because it is a necessity for our community. But eventually the GLIZE project will grow into a large-scale unique product — the NFT-marketplace.
Also ANY participant, passively, without doing ANYTHING at all, will be able to get up to 25% per month on staking.
That means anyone can exchange UMI to GLIZE profitably and get rewards for migration, multiply tokens in staking, use NFT loot boxes and many other products which will appear in UMI OneApp with time.
There will be a lot of opportunities — for all participants, not just leaders. Eventually all GLIZE holders will have access to a unique NFT marketplace. All tokens will be actively used and have high value in the huge UMI OneApp ecosystem.
11. If I vote, won’t the coins disappear from my wallet?
No, voting is completely free and safe. Coins won’t go anywhere.
When voting, do not transfer coins anywhere, do not send your mnemonic phrase anywhere. You just have to sign a message proving that you are the owner of these coins and give your vote “FOR” or “AGAINST”.
Voting is ONLY possible on the official website: https://umi.top/vote
12. Why is it necessary to make a signature when I vote? Isn’t it dangerous to do so?
It’s perfectly safe. You need a signature to make sure you are the one voting. Without a signature, anyone else could have given your address and voted for you.
The signature is not a mnemonic phrase, and it does not give anyone access to your coins. So it’s safe to vote, don’t worry.
13. What will happen to the SIGEN.pro exchange?
According to the information we have, cryptoplatform SIGEN.pro will continue to work as usual. Exchange, P2P and exchanger will be there. UMI coin will still be traded there — it won’t disappear from trading.
14. Will the token be sold on the P2P marketplace SIGEN.pro?
Initially, GLIZE will only be traded on the decentralized U-DEX exchange paired with UMI. A listing on the decentralized P2P-platform U-DEXP2P is also planned (it will be presented on UMI OneApp). The decentralized P2P-platform will not be any worse than the P2P-platform at SIGEN.pro.
Further listing on other exchanges will be considered later.
15. How can I trust the UMI project if they create coin after coin, token after token?
UMI developers have created one coin that functions on its own blockchain. Now they want to release DeFi products based on the UMI blockchain, as well as make it possible to create UMI-based tokens for everyone.
Popular platforms, including Ethereum, Binance Smart Chain, Solana and others, operate similarly. They have also provided a technological blockchain on which anyone can launch their own blockchain projects and issue tokens.
The GLIZE token is created by us, the ROY Club, not the UMI team. Yes, UMI developers support us, but this is our initiative and our cryptoproject.
16. What happens to the 200+ Bitcoins in the wall?
BTC will still be in the wall at a rate that allows it to sell ALL existing UMI coins. Thus, UMI will be effectively backed by Bitcoin. Due to the implementation of the burning mechanism, there will be fewer and fewer UMI coins over time, and thus the wall will be able to move higher.
17. Why can’t we enter the DeFi market without stopping the staking and changing the White Paper?
Technically it is possible. UMI developers could easily launch all DeFi-products without stopping staking (which is inefficient now). But there is a trick — in that case, the price of the UMI coin will continue to steadily fall.
This will push away new users of the DeFi sector, and many current UMI users as well. This will make it impossible to make UMI OneApp into a top DeFi platform. With the exchange rate constantly falling, there will simply be no demand for UMI.
18. If UMI is open source, will the staking be impossible to stop? Can one just simply change the White paper?
The open source code does not mean that it cannot be changed. It just means that it is absolutely transparent — anyone can have a look at the code and make sure that UMI works according to the declared rules.
Global changes can be integrated into the blockchain of any decentralized cryptocurrency, including the code of Bitcoin, Ethereum and other coins. But whether these changes are necessary is up to the community to decide. That’s why the UMI team has launched a decentralized vote.
If the majority votes are “FOR”, the UMI team will release an update to the UMI network, and the master nodes will support it.
Everything will be fine, nothing will change. WUMI will continue to exist in blockchains of other networks and be traded on decentralized exchanges.
20. How will the structures in GLIZE be lined up? When will link registration begin and why do leaders now ask to check their lines (some ask for 200 coins for mnemonic wallet)?
If the community votes “FOR” the changes, the structures will line up as follows:
- Vladimir Moshkin, founder of the ROY Club, will be the first to generate a referral link. This will happen after the staking stops.
- Vladimir Moshkin will distribute his referral link to his leaders and build his first line.
- Next, Vladimir Moshkin’s first line will start distributing referral links and building their first line. And so on.
That is, everything will be exactly the same as it was when UMI was launched. There will be two weeks to build the structures. That’s more than enough time to build your first team. During the two weeks, there will be no bonuses, no UMI to GLIZE exchange and no GLIZE itself. All participants will be engaged solely in building their structures. The exchange of UMI for GLIZE will be open to all participants at the same time.
Leaders are now setting up communication with their referrals on a personal initiative to prepare in advance for building a new structure in GLIZE. That’s why many leaders now actively register new members in UMI, and they bring 200 coins to their addresses to be in the structure to avoid deactivation.
In the near future we will publish a separate article with all the details about the launch of the structure. Sergey Ordin will tell everything in detail in his live broadcasts.
21. Why can’t we reduce UMI’s staking percentage and keep the old referral program?
Because there are a lot of coins created, and further UMI staking will provoke a further drop in the rate. Cryptocurrency developers suggested stopping the staking entirely and switching to a deflationary model. This way it will be possible to reverse the current falling trend.
And the staking will be launched on GLIZE token as an alternative to UMI staking with a new, more profitable referral program and with a completely different tokenomics, which excludes all the disadvantages of UMI staking.
22. Why did the referral program change? What are the advantages of the new one?
We haven’t changed it yet, but we will if the community votes for it.
The GLIZE referral program has many more bonus opportunities. Instead of two types of bonuses, there will be many more in the new program, and there will be a total of 15% charged on bonuses per entry instead of 10%. This will provide many more options.
In total, the referral program offers five different types of bonuses:
- Personal bonus is a bonus for personally invited people. The higher your level, the bigger bonus you get for attracting newcomers via your referral link — from 5% to 12%.
- Team bonus — bonuses in depth with the structure. From 0.5% to 7% depending on the level.
- Same Rank Bonus — is a fixed bonus of 0.5%, which is paid when the level of your referral is equal to your level or higher, starting from level 7.
- Global bonus — when 2 of your referrals reach level 9, you become a “Guru”. In this case, the project pays you 0,5% monthly from all inputs GLIZE for staking from all participants of ROY Club. For example, if a total of $5 000 000 (in GLIZE tokens) is deposited into the ROY Club for a month, you will get $25 000.
- Quick Start Bonus — if you reach the 3rd level in the 1st month, you will get +1% to your personal bonus from all of your direct referrals during the next month. That is, the bonuses for referrals will increase.
The new referral program will provide much more development prospects for both leaders and ordinary members of the ROY Club, inviting their friends, relatives and acquaintances.
23. What’s the minimum amount of GLIZE should be on a staking wallet? When will the GLIZE staking start?
Staking will begin one month after the launch of the first stage of the migration — that is, immediately after the first participants have been awarded the full migration reward.
Also note that the actual staking (the process of multiplying coins) will start when the total number of tokens in the staking from all participants reaches 50 000 000 GLIZE in total.
Technically, it will be possible to stake with 0.01 GLIZE, but it will be necessary to have some amount of GLIZE in your account balance in order to keep account active and receive bonuses — the exact amount will be announced later.
24. Why burn UMI coins when exchanging for GLIZE?
Coins are being burned so that UMI can have a deflationary model.
This is much better than coins being put back into the market. This way they are completely out of circulation, and thus the “supply” becomes less relative to the “demand”.
If there is high demand for UMI and issuance decreases, a shortage can be created that can cause a natural increase in the exchange rate.
25. How can an ordinary participant get into the first 100 people and get big percentages?
The conditions will be the same for all participants and leaders. Don’t worry.
UMI to GLIZE exchange opportunity will open at the same time for EVERYONE, and a corresponding announcement will be made in the news. We’ll give all the information in advance and warn everyone.
Whoever gets there first, will get the high bonus. Everyone will have an equal chance — both experienced leaders and ordinary participants.
Follow the news on our Telegram-channel (be sure to subscribe so as not to miss the announcement): https://t.me/roy_club_news_en
That’s it for today. We hope we’ve given you all the answers to your questions. 🙌