The GLX Network Token (GLXT) is a new series of digital hybrid utility tokens. GLXTs function as the exclusive payment mechanism and membership access protocol for the GLX ecosystem. They incentivize key actions and needs within the platform.
GLXTs are used to pay for goods and services on the GLX platform and can be earned for loyalty and incentives by signing up at GLX.com. We are creating a token based economy which enables us to economically execute microtransactions in our network.
Exchange of GLXTs is made possible by the GLX Exchange, which includes all explorer, vault, and wallet functionality. This will allow us to add more features to the GLX ecosystem and to grow our member base.
Utilizing the GLXT to facilitate transactions allows true utility to power the ecosystem. Users gain the ability to contribute work to GLX (post content, update profiles, launch dApps), while key actions are incentivized (developing dApps, sharing data, unbundling products).
GLXTs also provide liquidity at the architectural level, allowing GLX to build a cohesive experience across many fragmented devices and touchpoints.
Coming soon members will be able to obtain tokens for inviting friends to join the platform as part of GLX’s viral launch strategy to incentivize early adoption.