Glorium Finance, A new crytocurrency based development company, announced the launch of its first DeFi Token $GLORI. A BSC Rebase token that promises investors with a 1% daily ROI and an APY of 3746%. Glorium described $GLORI as an auto-staking & auto-compounding token, which means holders won’t be required to manually stake and keep track of their tokens as this process is automated by $GLORI’s underlying protocols.
Furthermore, they stated that holders staked tokens won’t be locked, meaning they can still trade with them as they accumulate the rebase rewards.
“Our Investors get rebase rewards every 30 minutes of the day, so their tokens will increase with a 1/45 portion of the daily rebase incentives,” says Jekyll, CEO of Glorium finance.
Token’s price is supported and maintained by a separate wallet in their system called RFF (Risk-Free-Fund), which support and stabilize the liquidity pool.
Glorium implements a 15% buy & 20% sell fees, which they’ll use to maintain the price and support the staking incentives. Glorium also stated that they are in development of a strategy based game, which will use their token as an in-game currency used for purchases and advancing in the game, which will assist in increasing $GLORI’S value in the market. Additionally, there is a GLORI Earn project that allows people to earn GLORI by completing tasks, offers, and online jobs.
Glorium is a DeFi development business that develops next-generation projects, products, and protocols that provide holders of its utility token $GLORI with industry-leading benefits.