ChainGPT Pad is Launching Glyph Exchange IDO: Cracking BTC for EVM Liquidity

ChainGPT Pad has cemented its reputation as the IDO platform providing the highest returns to its investors. We've got yet another winning project for ChainGPT Pad tier members: GLYPH EXCHANGE, is the Bitcoin powered DEX with a series of DeFi innovations, including enhanced capital efficiency mechanism supported by the Algebra Integral. Glyph Exchange is positioning itself as the trading hub of synthetic BTC assets, OFTs, ERC20s and inscription assets.

Glyph.Exchange is built on the most Bitcoin ready Layer One, Core DAO, which allows devs to build EVM-compatible smart contracts on a Bitcoin-powered blockchain. Glyph utilizes this remarkable power to integrate Uniswap V2 and Algebra Integral with the Solidly (ve 3,3) bonding curve tokenomics. This defines Glyph Exchange as an efficient and flexible DeFi app, upon which users can expect $BTC synthetic assets’ staking and arbitrage opportunities.

Learn more about Glyph Exchange at their IDO page.

Glyph Exchange

Glyph Exchange combines ve(3,3) tokenomics with Algebra Integral (V4) and a new technical standard for user-generated assets (UGA) using inscription technology. It offers the most Bitcoin trading pairs in DeFi and is emerging as the main liquidity hub of synthetic $BTC assets. Glyph Exchange is also the only Bitcoin-themed decentralized exchange (DEX) that uses a progressive web app (PWA) to provide the best mobile user experience.

How It Works

Glyph Exchange addresses certain challenges within the DeFi ecosystem by providing these simplified and effective tools:

Uniswap V2:

Users can easily trade and swap tokens using this familiar interface.

Liquidity Provision:

spNFT Pools boost incentives for liquidity providers and help support long-term projects and development in the ecosystem.

Algebra Integral V4:

Web Hooks significantly improve LP capital efficiency and allow developers/LPs more composability in executing different decisions throughout an LP life cycle.

User Generative Asset (UGA) Standard, FairC-20:

FairC-20 is a pump-dot-fun style tool based on inscription tech. The FairC-20 standard allows users to instantly "fair launch" inscription-backed assets. Glyph supports their immediate trading and speculation, which accrues value to the ecosystem and its builder economy.

This system makes trading, liquidity provision, and asset creation more efficient and beneficial for everyone involved.

Check out the overview of the Glyph Exchange testnet walkthrough here:

https://youtu.be/ngqR4nwzRgQ

Business Plan (Revenue Sources)

Trading Fees: The main source of income for the DEX comes from fees charged on trades in the liquidity pools.

Treasury Building: The team will also build a treasury using the platform's tokens. This is based on a dual token design as described below, where holders of the vested token will receive real yields.

Yield Farming Strategies: The team will pursue different deals and shared initiatives with various ecosystem projects and the major synthetic BTC pools in order to generate revenue.

Traction

Since inception, the project has attracted over 4 million USD TVL and a cumulative trading volume of 12 million $USD. Glyph Exchange has 77k followers on X, 8.3k regular quest participants on Galxe and 10k active Discord members.

Investors and partners include Core Ventures, Marin Ventures, CMS Holdings, Decubate VC, Monday Capital, Y2 Capital, Nxt Gen Capital, White Water Labs, Peech Capital, Jigen VC, LVT Capital, Chaitech VC, X Ventures, Proof of Talk, GD10 Capital, Wall Street Bets Ventures, DEXtools VC, AlphaBit Fund and more.

KOL support includes Dr. Jingle, BTC Orange(Cheng Zi), Korean community (Enjoymyhobby), Artisan DAO, and BTC background angels from Presto Labs, Bitcoin Addict, Oak Grove Ventures, Portal DeFi, Tasso Lago, Conor Kenny, and more.

Roadmap

Q1 2024: Project conception, V2 & LP mainnet launch, FairC-20 testnet launch, fund raising, community seeding, ecosystem colaunch & social events.

Q2: Trading competition, major Web3 wallet integration, PWA mobile version launch, fund raising, B2B partnerships, aggressive user acquisition, EURO 24 meme/teamcoin campaign, major data analytics platform integration

Q3: V4 Integral launch, spNFT launch, IDO, TGE, CEX & DEX listing, continuous LP sourcing & B2B partnerships, BTC-fi liquidity hub infrastructure, continuous community building & marketing (facultative), FairC-20 mainnet launch

Q4: CEX listings, continuous community building & marketing, FairC-20 mainnet launch, more BD on LP for the V4, support for ecosystem projects for LP incentives.

Tokenomics

The Glyph economy uses two tokens: $G and $OG.

$G is the main token, available for purchase on different exchanges (including Glyph Exchange, of course).
$OG is the vested version of the $G token, used for rewards, staking, and sharing trading fees on the DEX. It helps align liquidity providers (LPs) with the platform’s long-term success. $OG cannot be traded directly. You can stake $G to get $OG, which lets you share in profits, join in governance, or boost your LP earnings. The conversion from $G tokens to $OG is at a 1:1 ratio, and redeeming $OG for $G requires certain time intervals.

Why use two tokens?

Traditional DEX token systems have problems.

Liquidity Issues: Usually, platform tokens are given as rewards to liquidity providers, but their value decreases over time.
Revenue Growth: DEX revenue grows with more trading, so it's important to balance token value with revenue growth.

This system helps Glyph control the value of $G better and balance the token’s value with DEX revenue.

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Tokenomics

Project Name: Glyph Exchange

Token Symbol: $G

Contract Address: N/A

Network: Core Network

Market Maker: Public Round

Token Price: $0.2

Raise on ChainGPT Pad: $300,000 USD

Total Tokens Supply: 100,000,000

Total Tokens for CGPT IDO: 1,500,000

Initial Market Cap (IMC) without liquidity: N/A

Initial Market Cap (IMC) with liquidity: $1.21 Million USD

Circulating Supply at TGE ( please include % of total alongside the number): 6,050,000 $G/ 6.05%

Detailed Tokenomics

Team

Kookaburra Y. | Co-founder | Ex-Animoca BD, Ex-Market research and retention lead at Casino Rewards

Pelican Y. | Co-founder | Product contributor at NounsDAO, Deviews. Brand identity of Linear Finance

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Glyph Exchange is rapidly emerging as an integral bridge between Bitcoin maxis and the broader DeFi ecosystem. By harnessing the power of Core DAO's "EVM meets BTC" approach and integrating advanced tokenomics, Glyph Exchange is quickly becoming the main platform for $BTC based asset trading, liquidity provision, and inscription asset creation.

The Glyph team vision is to onboard millions of Web2 Bitcoin holders into the DeFi ecosystem. They redefine the current paradigm of Bitcoin by granting holders more DeFi use cases with seamless bridging, token launches and more. That's why Glyph Exchange is such an exciting addition to the ChainGPT Pad portfolio. It's meeting clear needs with cutting-edge blockchain tech. Glyph Exchange builds on what's already been done to address empirical DeFi issues and create token value that lasts for the long run.

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