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Glass Coin
Glass Coin, like any other cryptocurrency, can be used for business transactions and is an alternative currency exchange. It provides a mechanism for issuing new units of exchange, for which SCRYPT is fully responsible. Glass Coin is based on the original source code of Bitcoin, once placed by Satoshi Nakamoto. It works with both POW and POS-algorithms. The POW algorithm is called Tribus. This is a relatively new algorithm, which has already been implemented in the form of cryptocurrencies such as Denarius and Bzlcoin. Users can get about 10% per year from the amount of money available on the wallet. An important feature of Glass Coin is that the final number of coins is limited to 29 million units.
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How to get Glass Coin
The first method is by using the stock exchange. The calculation of the units of coins available for purchase depends on the exchange rate at the moment. There is an opportunity to earn on a difference of rates, buying currency cheaper and selling more expensively. As with most cryptocurrencies, GLS allows the possibility to mine it. Mining allows to get Glass Coin without direct investment of funds, invested only the user's time and available technical capacity. Mining is not the only way to get GLS without attachments. Also in Glass Coin there are elements of work with POS. This means that if there is even a small amount of coins on the user's personal wallet, users can earn them by holding their share. However, the efficiency of the POS algorithm may vary depending on the pool selection.
GLS developers have provided several investment programs for landing projects based on POS-algorithm:
- Base. Contribution of$ 100 and 0.05% of POS daily in 175 days.
- Basic. A contribution of$ 1,000 or 0.1% of the POS on a daily basis when working out a capital of 150 days.
- Premium. The fee of $ 5000 and 0.15% of the POS daily in the working capital of 125 days.
- Maximum. The contribution of $ 10,000 and 0.2% of POS daily in the working capital of 100 days.
At the end of the investment, the depositor receives back their investments, taking into account the amount earned by them, formed the investment program. For active actions, GLS can also be charged. For example, for the creation of a GLS wallet, the owner of the wallet is charged a certain amount of GLS free of charge. By the time of May 31, 2018 this number is 126 GLS with the commission. Reassigning the addresses of the wallet also issued by the GLS in the amount of 661 coins. Over time, the number of coins available for disposal will grow and the client of the platform will be able to have a real benefit from the presence of GLS in his portfolio.
How to create a Glass Coin wallet
Wallet can be obtained using the service: wallet.glasscoin.io / login. To register users need to come up with a password, attach an email and unravel Google captcha. After that, users can freely use the platform without any restrictions, including making transfers and receiving them. After creating a wallet, users can go to the main panel of My Wallet, which is responsible for the reflection of the balance, generation of new addresses for the personal wallet, and also shows all previous transactions. For any active actions with the wallet coins can also be charged. In order to find out the current address of the used wallet, as well as to see the private key for it, users need to go to My Addresses. To manage user's account, for example changing email or password, users can go to My account. There they can specify name, website, address, view gravatar, attach profiles on social networks such as Twitter, Facebook, Google+. These actions are not required, and if the user prefers to keep personal data in secret, it will not impose any restrictions on the use of the wallet. Users can use two-factor authentication for improved account security. Users can download the wallet as an application on Android or on personal computer. More information about the use of Glass Coin can be found on the official website of the project: www.glasscoin.io
Advantages of working with Glass Coin
- Transactions made on the platform are incredibly fast.
- Decentralized operation is based on the peer to peer scheme.
- The owners of the coins remain anonymous.
- Transfer fees are low. Now they are equal to 0.001 GLS for the transfer.
- As a currency Glass Coin does not depend on the influence of the state, is an alternative means of payment made on the Internet. No ASIC is required for mining.
