9 New Questions About GLIZE Answered
💡 Dear friends, in view of the upcoming migration to GLIZE, we have answered the nine most popular questions from our participants. We want to share some good news and provide clarity on all the questions.
1. What will be GLIZE price and what will it depend on?
Exchange UMI for GLIZE is made at a fixed rate at each stage — 1:5, 1:6, 1:8, and 1:10.
The GLIZE exchange rate, like the rate of other assets, will be based on the market — it will depend on the market supply and demand and holders’ mood.
According to our calculations, GLIZE will be ten times more expensive than UMI at the stage of listing. The reason for this is the exchange rate at the migration stages and 50 million UMI liquidity (about $ 2 million at the current exchange rate) provided by the UMI team at the rate of 1 to 10.
2. Can I buy GLIZE for rubles?
BUT! You can buy GLIZE for UMI, so nothing prevents you from buying UMI for rubles on p2p and then exchanging it for GLIZE.
3. Will GLIZE be exchanged for other cryptocurrencies?
At the initial stage, only exchange GLIZE for UMI will be possible. But then other pairs will be added. Stay tuned!
4. When is U-DEX exchange launched? Will GLIZE be traded on SIGEN.pro?
According to the announcement made by the UMI Team, U-DEX beta version is launched in December. But initially, it won’t have UMI/GLIZE pair. GLIZE will be paired will assets from the Ethereum and Binance Smart Chain blockchains.
But soon after the migration starts, GLIZE/UMI pair will be added to the SIGEN.pro exchange. Therefore, you can buy/sell GLIZE at any time and don’t have to wait for U-DEX to be launched.
5. Will GLIZE token have a “buy wall”?
It sure will! The UMI team plans to use as much as 50 million UMI (about $ 2 million at the current exchange rate) to fill GLIZE’s buy order book at the rate of 1:10. It will ensure sufficient liquidity and provide users with the opportunity to sell it at any moment.
6. Will GLIZE be listed on major exchanges?
In the beginning, GLIZE will be listed only on SIGEN.pro and U-DEX. But it can be listed on other exchanges too. GLIZE is based on the UMI blockchain and can be easily added to any exchange where UMI is traded (like tokens in the Ethereum and Binance Smart Chain networks, which are sold on the exchanges where ETH and BNB are traded).
7. Could GLIZE cost less than UMI? (For example, UMI = 2 p, while GLIZE = 1 p).
Anything is possible in the market. After migration, UMI’s and GLIZE’s prices will depend entirely on supply/demand and users’ mood. GLIZE has advanced tokenomics. UMI has transited to an excellent deflationary model. So now it’s all in your hands!
8. Will the ROY Club promote the UMI OneApp referral program in the future? Or will it work only with GLIZE?
At the moment, we are focused on the launch and development of GLIZE. After the launch of UMI OneApp, we are likely to start promoting UMI OneApp as it is beneficial to the entire community. Development of UMI OneApp = development of GLIZE.
9. Will mass exchange GLIZE for UMI make the UMI rate rise or the GLIZE rate fall?
We’d like to reiterate that the rate is determined by the behavior of market participants. We believe that the high liquidity of 50 million UMI at the rate of 1 to 10 provided by the UMI Team can cope with selling pressure.