Migration stats: first results
⚡️ Well, friends, more than 24 hours have passed since the start of migration and it’s time to recap the first results, answer questions and set plans for the future.
Migration stats
🚀 The migration started great and all ROY Club members showed incredible activity. The “Prepation” stage was over in just 7 minutes and 1 second after the launch (11,437 transactions were completed), and the “Refuel” phase was over in 17 minutes and 24 seconds (18,512 transactions were completed).
➤ 61,602 transactions have been completed by users
➤ 61,673,963 GLIZE will be earned.
Amazing result! Congratulations to everyone who has already migrated to GLIZE and received nice bonuses! 🎉
And don’t get upset if you didn’t get early bird bonuses or didn’t make it on the first stages — in any case you exchanged coins at the most favorable rate and got bonuses for migration. You managed to join GLIZE at the start and there’s staking and lots of new opportunities ahead of you all! 😎
Right now, “Flight” is coming to an end and you have one last opportunity to exchange UMI at an 8:1 rate if you haven’t already migrated. It’s an incredibly rewarding possibility.
But even in the final phase, which will start soon, it will be MUCH more profitable to migrate than to buy GLIZE on the exchange later. Even at 10:1 you get extra big bonuses that you won’t get when buying on the exchange. So hurry up to exchange your coins and be sure to inform the latecomers! 🔥
On the eve of the migration launch, the UMI rate went up more than 100%, more than TWO TIMES. Then it went down a bit because traders started pushing it down. But after the launch of burning, creating a coin deficit and with the new participants coming into GLIZE, a significant change for the better is possible. 📈
And don’t forget that shortly after the migration, we’ll be expecting even better staking than in the UMI cryptocurrency before. All because GLIZE has a more elaborate tokenomics that takes into account all the disadvantages of UMI staking. We will be back at the start and there will be huge opportunities waiting for us. GLIZE will have high liquidity, secured by the UMI team and attraction of new participants. But unlike UMI, all the risks that led to the devaluation of the coin are now taken into account. So everything is ahead, friends 🤩
How will the tokens be awarded?
🤔 And now let’s explain again how tokens will be added to participants’ balances after migration. The order will be as follows:
✦ Allocation of “deposits” (migration balances) to your real wallets will start from November 25.
✦ All tokens will be immediately deposited into the staking balance.
✦ For the first 30 days you will be getting a migration balance of 3.33% per day (not including the additional migration fee and early bird bonus)
✦ Migration bonuses and early bird bonuses (bonus migration balance) will begin to add to your staking balance AFTER your migration balance has been fully awarded.
✦ Migration and Early Bird bonuses will also be payed 3.33% per day for 30 days.
✦ A 15% fee will be charged on each 3,33% (both “deposit” and bonuses) for bonuses to leaders.
It means that during the first month you will be receiving your main “deposit”, which you have received while exchanging UMI for GLIZE at the rate of 5:1, 6:1, 8:1 or 10:1. And during the second month, you will get the migration rewards and early bird bonuses. 💰
That is, you will receive the full amount in full after 60 days from the start of payments. 💸
These conditions will be only for those who are exchanging UMI for GLIZE through the Personal Account in the ROY Club. In the future there will be no such bonuses and everyone who wants to join staking will have to buy tokens at market price. So no time to waste if you haven’t made the exchange yet! 🏎
How will the referral bonuses be awarded?
Leaders will begin receiving personal and team bonuses on November 25 and will receive them gradually. As soon as your referral receives 3.33% per day — you get a leadership bonus on that amount, according to the terms of the referral program. 🪙
Leadership ranks will be calculated on the basis of the virtual balance in the Personal Account, taking into account the reward for the migration and the bonus for early birds. That means you won’t have to wait for the whole amount to arrive on your balance for steking — you’ll get all bonuses in depth, according to your rank, from the very beginning. 😊
Importantly, referral bonuses will be deposited immediately into your trading balance and you can do whatever you want with them: send them to staking, give them away, or sell them. 💳
When will the UMI burn begin?
As you might have noticed, at the moment all UMI are still displayed in the blockchain and there are still more than 1 billion of them. That’s because the coins have not been burned yet and are in technical wallets. But as soon as GLIZE token is launched and real payments start (November 25), they will be burned and the statistics in the blockchain will change. 🔥
When will the staking begin?
As the Light Paper GLIZE says — staking will begin once there is a total of 50 000 000 tokens in the staking pool. And that will happen in about a month, as tokens and bonuses are deposited into participants’ staking balances. ✅
And then it’s up to us: if we withdraw coins from staking, it will start later. And if we keep coins and build structures — this process will be accelerated. So let’s work together to encourage a quick start of staking! 🤝
How were the bonuses awarded to the early birds?
It’s simple: the conditions were the same for everyone, and those bonuses went to those who were first. Because of the enormous excitement at the start, it was not even seconds, but fractions of seconds that decided everything. As for the amount of bonus: it doesn’t matter how much UMI was sent — 10 000 or 1 000 000. Bonus is charged only for 10 000 coins. So the participant who sent 1 000 000 received the same bonus as the one who sent only 10 000 UMI. ☝️
In the Personal Account, the transactions were displayed with a slight delay. The explanation is: the UMI blockchain is faster than any database, even the fastest one. But to actually display transactions in the ROY Club, the algorithm had to check all the transactions in the block, select the necessary ones from there, write them to the database, process the migration algorithm, and display them on the website. And this all took some time. ⏳
As an example, we can take the large exchange Binance, which regularly holds sales of new tokens and coins, the so-called crowdsales. And when more than 20 000 users participate in these crowdsales, there are frequent delays. And this is on a world-renowned exchange. 😱
Remember, even if you didn’t get an early bird bonus, that’s no reason to get upset. Either way, you’re at an advantage, because you migrated at a favorable rate and are at the very beginning of a GLIZE origin! 🛰
Development plans
🛣 After such a strong start, we have a long and interesting journey ahead, full of events. Get ready for:
➤ The start of GLIZE steking, which will last about 3 years.
➤ New content and functionality on the ROY Club website and app.
➤ New ROY School, updated ROY Sprint and other programs.
➤ Community development in countries around the world.
➤ Lots of interesting activities and pleasant surprises.
So stay tuned and keep migrating actively on GLIZE! Don’t forget that now is the best time to exchange UMI to GLIZE, it’s the most profitable and correct way. Keep building your structures and register new partners. Right now you can already attract new people for bonuses and upcoming staking. Let’s actively work together to grow the ROY Club so we can get even more benefits for everyone in the future! 👍