GLITH AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Sean Ryan, CEO at Glitch
Julian Muchatuta, CTO at Glitch
CTO at Glitch, Julian Muchatuta
Hello
Thank you for having us good to be here!
CEO at Glitch, Sean Ryan
Our absolute pleasure and thank you for having us.
CryptoDiffer team
Q1: Can you introduce yourself to our community ?
CTO at Glitch, Julian Muchatuta
Hey, my name is Julian/Tawana and from 2017 I was with HelloGold in Malaysia doing special projects and COO across the group after having been a Project Manager for SHAL in Southern Africa
CEO at Glitch, Sean Ryan
I am a DeFi Enthusiast and Cryptocurrency advocate since 2015. I have successfully lead the creation, development and acquisition of multiple SAS based solutions and products. Previously I was co-founder and Head of Sales for Staffbooks, Founder of Digital 4 group, and worked in Business Development for DTS.
CryptoDiffer team
Q2: Can you briefly tell us what is “Glitch” in 3-5 sentences?
CTO at Glitch, Julian Muchatuta
GLITCH is a blockchain that has been made to be super fast and with low fees. Our Mission is to be a leading user and developer focused DeFi ecosystem that has low barriers to entry. We come with and array of our own dApps with synergies across our objective driven partnerships that we leverage to ensure value for our network
CryptoDiffer team
Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans
CEO at Glitch, Sean Ryan
We have built a blockchain and it is now in the testing phase. What we hope to achieve next is to demo our GEX just ahead of the blockchain launch.
CryptoDiffer team
Awesome, a lot of updates to come out!
Thank you for great answers!
I think it is time to start community questions round!
Cryptodiffer Community
As regards your decentralized exchange (GEX), in what token will fees be paid, will it be in ETH or your native token?
CEO at Glitch, Sean Ryan
Fees will be shared in our native token.
As our network has low fees it is inherently built in.
Cryptodiffer Community
How do you motivate developers to create Dapps in Glitch? How do you attract them?
CTO at Glitch, Julian Muchatuta
We are approaching this by making it easy to build on the network. Also hoping to make it possible to use existing libraries that are popular and plenty of tools to make it seemless to move over.
Cryptodiffer Community
How does the GEX design allow it to serve millions of active users without compromising the quality of the user experience? How does GEX achieve higher speeds than Uniswap?
CEO at Glitch, Sean Ryan
Great questions. We have an internal team of UI and UX stars that have exactly this in mind. Serving millions of active users. The higher speeds come from the built in network speed.
Cryptodiffer Community
In your opinion, what are the biggest differences and advantages GLITCH brings when compared to others?
At the moment, What’s the biggest challenge GLITCH face currently in terms of becoming a successful blockchain project?
CEO at Glitch, Sean Ryan
Our biggest advantage is definitely our built-in profit-sharing model.
To answer your second, the biggest challenge I see us facing is the same challenge every project faces. Bandwidth. Simply not enough hours in the day.
Cryptodiffer Community
The sustainability of Ethereum is now being threatened due to its expensive and slow transactions, network congestion amongst others. How prepared is Glitch to fix these problems and be among the projects with solutions to make DeFi possible and become what users want it to be?
CEO at Glitch, Sean Ryan
We solve all of these problems from day dot. We have purpose-built a low fee high-speed network that eliminates network congestion.
Cryptodiffer Community
Security is always a top priority for any user and investor.
So,Can you explain what is special in Glitch security? And what make users feel safe with Glitch platform ?
CTO at Glitch, Julian Muchatuta
As a DeFi focused project this is very important and we are taking a multi-pronged approach to it between the best practices we use internally, the partners we engaged and the auditors we retain
Cryptodiffer Community
What are the benefits of holding GLCH token as long term investment? Can you tell us about the motivation and benefits for investors to keep the GLCH token in the long run?
CEO at Glitch, Sean Ryan
We want all our investors to make money. We have a solid roadmap that will constantly deploy apps that have our profit sharing model built in. This will in turn benefit the value of each token.
Cryptodiffer Community
What is your strongest advantage that you think will make your team leading the market? In contrast, what is your weakness? How do you plan to overcome it?
CEO at Glitch, Sean Ryan
I guess our strongest advantage can also be looked upon as one of our weaknesses. We are no BS. So we will not have multiple irrelevant partners and make constant fluff announcements which more often than not is what the community needs. We are hyper-focused on achieving our goal of becoming the true the number 1 Defi B/c.
Cryptodiffer Community
How will you deal with fraudulent pools on GEX, of which there are many on Uniswap now? And what will be the conditions for listing new tokens on the GEX exchange?
CEO at Glitch, Sean Ryan
There is an interesting balance between true defi and being controlling. Our community-driven identifiers should help with this but stay tuned for more updates
Cryptodiffer Community
Chainlink has established itself in the market as one of the most used and well known oracles, so why did Glitch decide to partner with API3 and make it his main Oracle partner? What makes this company stand out from the rest?
CTO at Glitch, Julian Muchatuta
2 things: IOO we believe these two are solving two different Oracle problems and API3’s approach resonates strongly with our mission to be low cost and secure with the use of 1st party Oracles.
Cryptodiffer Community
Where is Glitch road map now? Are all targets in accordance with the current road map? and what are the next steps that will be taken in the future?
CEO at Glitch, Sean Ryan
Public Sale 11th of Jan
Liquidity rewards pool 16th of Jan
GEX demo soon after.
Long term we want to explore bringing across more traditional money markets into the Defi space
Cryptodiffer Community
Many investors hit and run in the sell and sell session after listing on the first exchange, How did Your project prevent early investors from selling their tokens and what benefits would Your project give them?
CEO at Glitch, Sean Ryan
Besides our vesting periods for early investors, we are launching our Liquidity rewards pool that will reward investors for staking.
And with what we have planned and where the market is going everyone is going to want to hold on while we moon
Cryptodiffer Community
How will “GEX” work in Glitch Protocol? Will it be similar to Uniswap where trading is based on LP? Or will it be an exclusively P2P market?
CTO at Glitch, Julian Muchatuta
There will certainly be some similarities and the speed has created new problems we will be solving in different ways. In addition the fact we will be finalising it to work with sibling dApps is driving most of the differences to your more well known DEX’s out there
Cryptodiffer TEAM
Thank you for you answers, it was an insighfull session
Thank you everyone who participated, great questions as always!
CEO at Glitch, Sean Ryan
Our pleasure – Thanks for all the questions.
If you question was missed and you wish to ask please join our community.
