Glitch functions as a blockchain platform specifically tailored for DeFi (Decentralized Finance). Its primary goal is to lower transaction costs and incentivize all participants within the Glitch ecosystem. The network features its own suite of products and applications, including a wallet, explorer, staking system, and bridge. The native token of the platform is GLCH, with a capped supply of 88,888,888 tokens. Key features include a decentralized exchange called GEX, enabling users to trade assets with minimal fees and enhanced security, along with profit-sharing and community stakeholder opportunities. xBridge facilitates seamless and cost-effective cross-chain token transfers, free for short-term transfers. The Glitch protocol employs a Decay Nominated Proof-of-Stake consensus mechanism...
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