What is Glencore?

GLENCORE is the world’s first blockchain-based petroleum trading platform on Binance Chain network. We are the first petroleum trading platform 100% descentralized.

We are GLENCORE, the next generation of commodity trading.

OUR MISSION

We’re on a mission to create a vibrant decentralized network and open programmable currency — so we can all participate, build, exchange and thrive.

We noticed that there was something missing in usual commodity trading. Specifically, the process in between the refineries and the retail sellers is too slow and expensive, with too many intermediaries involved. Each of them, taking a cut in the price. Each intermediary takes a profit just be moving the Product from Point A to point B, without any added value.

Our mission is to solve this problem. We are working on a platform that will allow retail sellers to buy directly from the refineries, regardless their locations in the globe.

$GLEN TOKEN VALUE

The platform will also be innovating the form of exchange, as it will be crypto supportive, with $GLEN being the principal and native token; major coins and tokens will also be accepted.

Tokeonomics = Glenconomics

Key Token Facts

GLEN is the native token of the network. It will be used for to pay block producer and CUT OUT intermediaries fees

GLEN will be used to stake in the proof-of-stake consensus algorithm, earning a reward in GLEN tokens. We are planning on getting WBNB as reward as well.

Initial total supply is 100,000,000 tokens, but GLEN initial circulating supply will be 70,000,000 tokens, growing at a rate of 12% in the first year.

GLEN token supply gradually unlocks over 8 years, as can be seen in the supply chart below

Supercharged Rewards

A higher staking ratio (percentage of tokens staked to run consensus) improves the Glen chain’s decentralization and performance. In order to encourage a high staking ratio, purchasers in the pre sale will have access to “Supercharged Rewards” when they stake their tokens, a higher reward than the regular staking reward. *Please note that this is subject to the finalization of the Farming platform which is currently under develop.

Months From Launch

Supercharged Reward Target *

0–5:

24%

6–8:

21%

9–11:

18%

12–14:

15%