Glitch AMA Reacap
Glitch is a blockchain-based operating system purpose-built for money market dApps and DeFi activity. It resolves the problem of high-cost transactions in DeFi via the bridges/smart contract copies that can be deployed on the Glitch blockchain.
Today we have Sean Ryan as CEO, Julian Muchatuta as CTO, and Rohan as Head of R&D of Glitch Protocol joining us to answer our questions
I’m Sean Ryan. I am 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 Digital Transformation Solutions.
I’m Julian Muchatuta. 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
I’m Rohan Barde. I’m the R&D manager of Glitch. Been in the Blockchain/Crypto space since 2015, working with various Blockchain Consultancy firms and helping them with workshops, research reports, content and lots of marketing related stuff. I also have an investment fund and a research project that i’ve been working on ever since.
Question from the CryptoRank team
#1. Can you tell us more about Glitch Protocol ? What problems do you solve, both in the space and for the community?
Julian: – 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
#2. Could you shortly describe the milestones Glitch Protocol have achieved, and about your upcoming plans?
Julian: – Blockchain is built
Begun building DEX = GEX
Successfully oversubscribed seed and private sales
Over subscribed public sale within 30 mins
We will announce our primary liquidity partner on the 19th of January
Followed by our primary exchange partner listing
#3. What upcoming development are you most excited about?
Sean: – Really excited for the launch of our liquidity rewards pool on Uniswap. Rewards start on the 17th. We will be allocating 1% of total supply for rewards.
Secondly would have to be the GEX – Can’t wait to get a demo out and get the communities feedback.
We are also currently investigating building a stablecoin on the network and building out our online wallet that will facilitate lending and borrowing.
CryptoRank community questions
#1. Can you please give us some reasons, motivation or advantages investors would get in the long term?
Sean: – We a not short term focused at all.
in Short (pardon the pun)
2021 is all focused on the delivery of the Blockchain, the launch of the GEX and technical schematics/delivery plan around of stable coin and wallet that will facilitate lending/borrowing. Also opening up to the development community which is exciting.
2022 will look towards the delivery of the stablecoin/wallet in early 22 and much much more
#2. GLITCH is inspired by EОS, in your whitepaper it is specified some differences with their blockchain, but wоuld you уxplain us thе similaritiеs аmong them, How familiar would GLITCH be for an EOS user?
Sean: – As similar as they are, they are very different – Our developer portal will more be along the lines of Ethereum which is going to be welcomed by the developer community.
#3. What’s the Glitch economic model and how will it is architecture ensure scarcity of the token and help to growth token price?
Sean: – The most crucial thing is definitely our profit-sharing model. This incentivizes the network user and more users equal higher value, in turn, increasing adoption.
#4. 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?
Sean: – 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.
#5. Is it possible with the GLITCH protocol to create a decentralized exchange aggregator like 1inch or a DEFI aggregator like Frontier?
Sean: – It most certainly is and something that we have already look at. We have it on the list of D’Apps we wish to see on our network. Whether it is something we develop in house to or we support an external team with a partnership program remain to be decided