eSports, NFTs and yield farming all in one? That's Glitchr.

eSports, NFTs and yield farming all in one? That's Glitchr.

By MadMaxx | Crypto Fondue | 10 Nov 2020


Join the Glitchr Socials to learn more about their innovative project.

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Hello and welcome to another article. In this article, we'll be taking a sneak peek at the Glitchr ecosystem, and what it is.

Before we even get started, I'd like you to know that Glitchr Finance has a partnership with Lid protocol. Lid protocol is the biggest presale vendor in crypto at the moment, and it's very hard to get a partnership with them. That aside, let's continue into the article.

Glitchr is simply a "project incubator". This means that they build multiple projects under the same brand name.

They have currently decided to tackle the eSports game next, and the way they're doing it is quite intriguing.

First off, they're building the features of NFTs, farming and eSports all into one. This allows users to have one trusted source of all their crypto needs, which, to me, is pretty intelligent.

eSports is a majorly neglected area in crypto. To combat this, Glitchr is building an all in one platform for eSports geeks. This means you'd be able to play games, compete and even bet all right on the same platform. It's enormous and a very big deal. And it's also being built as you read this.

Now, NFTs. NFTs are an extremely crucial part of crypto, although most people don't realise it yet. However, Glitchr has simplified the NFT process.

"How?" You ask. I'll tell you how.

They have built simple NFTs. Trying to give the technical explanation of what an NFT is to your grandma isn't very easy. But telling her that there's a platform that converts her images to assets on the blockchain is much, much easier. Oh, and that's exactly what they do.

Glitchr is building a platform where everyone would be able to make NFTs from scratch, without blinking. Simply upload a photo, and in a little while you get back your NFT in your wallet without doing anything at all. That, to me, is pretty innovative.

Add to that the fact that they have yield farming, which is pretty much the next big thing as well. It's a way of getting passive income from your crypto holdings, by staking one coin to produce another. 

That way, you own both the coin you staked and earn the other passively. And glitchr does this very well.

They have special contracts (all of which have been audited) that allow users to stake and farm at extreme APYs, meaning they can earn much higher rewards than on usual farming coins. Most coins give a 30%APY per year, and the good ones give 100 - 300%. Glitchr gives over 3x that at a stable rate. 

They have their contracts professionally audited and are launching with Lid protocol on the 14th of this month. I advise you to join the telegram and look at the website to get a feel for what the project's vision really is.

Thanks for reading!


MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


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