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$GXXM A leading Pick and Shovel Play in the wild, wild west we call the Crypto World
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personal opinion, this isn't hard to do with BTC either. They can issue an order requiring all US residents to transfer their BTC from CEX & DEX to the government exchange (GEX). With KYC already in place they can force CEX to do this on ur behalf. If u have ur own wallet, no CEX is allowed to receive non KYC BTC or other crypto for use in the US. Are we at this point, no, but if they ever wanted to, they could implement it. 1st step, freeze all CEX accounts that belong to US residents. 2nd step, create database for all these users, 3rd step setup GEX, 4th step setp GEX database of public addresses & match these to CEX database, 5th step transfer CEX crypto to GEX. Many more steps involved, but that's the basic premise.
Glitch Protocol is a layer-1 blockchain Glitch Protocol is a layer-1 blockchain that caters specifically to money market dApps. Every chain claims to solve the scalability trilemma, but to date, no single blockchain has fulfilled all requisites to foster a stable DeFi economy as each chain offers various solutions but also presents multiple challenges and limitations, including scalability, high transaction fees, and significant downtime to name a few. But what are some basic fundamental reasons Glitch is different from other blockchain platforms? Unlike other blockchains, Glitch specifically targets DeFi, making its money market dApps more scalable and secure while avoiding network congestion and downtime issues. Other platforms try to cater to all of the dApps around the world acting as a "jack of all trades," and all that does is create network congestion linked to high usage. You can't have a thriving ecosystem when your transactions take forever to process or if you have significant downtime. A key feature of Glitch is its revenue-sharing mechanism. The revenue-sharing mechanism works to offset transaction costs and rewards consensus participation. A portion of dApp fees will be collected and utilized accordingly by smart contracts, and then rewards will be distributed fairly to validators and nominators. Furthermore, once the revenue-sharing mechanism is complete and is plugged into the GEX, some swap fees will also go to consensus participants. By creating a positive feedback loop that rewards participation, more developers and users will want to join the network all while keeping transaction fees at extremely competitive levels, I mean we're talking cents to a fraction of a cent in the future. Built on Substrate, Glitch enables increased flexibility and accessibility towards developers to create smart contracts with any language that compiles to WebAssembly (WASM), increasing accessibility to a wider range of developers. Nominated Proof of Stake (nPoS) is the consensus Glitch uses which provides a more energy-efficient alternative while prioritizing security compared to other protocols that operate with a single or hybrid POS and/or POW model. nPoS helps distribute power to prevent centralization. Further, Glitch is positioned as a security-focused blockchain by enhancing its security through implementing industry-standard encryption algorithms around the bridge and have formed partnerships like the one with Kurtois to allow our developers and external developers to test their code in isolated devnet environments before they hit production. How many L1s do you know that go above and beyond around security? Not many. Interoperability is another focus, as Glitch is designed for cross-chain communication allowing asset transfers, data sharing, and increased liquidity options. We also have some partners that we'll need to activate in time to facilitate more cross-chain interactions. In the future, expanding Glitch to a DAO operation will increase decentralization and is yet another way Glitch is setting itself apart.
Royal rumble - WWF style. - DEX (Defi exchanges) vs CEX (Cefi exchanges) vs TEX (Tradfi exchanges) *And here comes CBDC entering the ring!* - DEX vs CEX vs TEX vs GEX (Govfi exchanges)
After the Guacamole Exchange launch. Get your GEX tokens now!
Dude’s a godsend, really nice guy too, incredibly approachable on Twitter GEX is such alpha for trading its truly crazy
This isn’t pin risk, this is dynamic MM activity, namely gamma/delta hedging using the underlying. I recommend learning about GEX and gamma hedging in equities before trying to tackle this. Lemon’s whitepaper is a good place to start. The reason I include the graphic is that you can observe how price behaves before, and more importantly, after OpEX.