Ourglass (GLASS) token uses a fair system of taxing each token transaction with a constant percentage. Reducing circulating supply, and redistributing GLASS rewards to holders to create further value for its users. It applies an automated, built-in regulatory mechanism, to mitigate the risks of price inflation, and gradually reduces total supply in proportion with transaction volume and frequency. At the base of the GLASS Token, is a unique reflector algorithm that utilizes programmed intelligence to implement a fair and consistent passive accumulation of tokens directly to holders’ wallets. In this article, we'll discuss What is Ourglass (GLASS) | What is Ourglass token | What is GLASS token?
In this article, we'll discuss information about the Ourglass project and GLASS token
GLASS token uses a fair system of taxing each token transaction with a constant percentage. Reducing circulating supply, and redistributing GLASS rewards to holders to create further value for its users. It applies an automated, built-in regulatory mechanism, to mitigate the risks of price inflation, and gradually reduces total supply in proportion with transaction volume and frequency. At the base of the GLASS Token, is a unique reflector algorithm that utilizes programmed intelligence to implement a fair and consistent passive accumulation of tokens directly to holders’ wallets.
GLASS Token is also a unit for measuring ownership in the our.glass Decentralized Autonomous Organisation (DAO): it facilitates the fair operation of the our.glass DAO, and enables the execution of non-hierarchical decentralized governance for propagation of decisions directed towards the achievement of the DAO’s specified objectives. Finally, GLASS will be required to access any future blockchain based decentralized applications and smart contracts deployed within the ecosystem.
Reflect Finance Tokens
Among the various innovations made possible by blockchain and decentralized technologies is the concept of reflector tokens, implemented using smart contracts.
A Reflect Finance Token (RFT) is a digital unit of value (token or digital currency) that is programmed to generate continuous token rewards to its holders from the transaction fees realized from network activities such as buying, selling, and transferring tokens.
GLASS token is an excellent implementation of the reflector token concept that uses in-built smart contract-based artificial intelligence to manage and execute transactions on the Binance Smart Chain. GLASS token ($GLASS) collects a 10% transaction fee for each transaction, and frictionlessly distributes 50% of the taxed tokens to all wallets holding GLASS according to the volume of GLASS held. The remaining GLASS generated from transaction fees is divided and contributed towards various purposes including providing trading liquidity and platform maintenance, while the rest is taken out of circulation to manage the potential for price inflation.
GLASS’s taxation redistribution system is implemented using smart contracts written in Solidity and running on the blockchain, offering a transparent and independent automated passive rewards stream for all holders of the token.
Total Supply: 93607038183512
I, Ourglass, am an auto-staking smart contract designed to pay you yield endlessly. Every token transaction incurs a 10% fee, 5% of this fee is distributed to everyone holding GLASS based on how much they hold. The other 5% goes directly to liquidity on Pancakeswap. This creates a never ending feedback loop that buys and raises the long term floor price of GLASS.
Hence my name, Ourglass.
GLASS token is now live on the Binance mainnet. The token address for GLASS is 0x9c9d4302a1a550b446401e56000f76bc761c3a33. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)...
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Find more information GLASS
🔺DISCLAIMER: The Information in the post isn't financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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