XGLI DAO Protocol $XGLI

The XGLI DAO Protocol is the governance layer of Glitter Finance, with primary focus on managing the powerful XGLI token. This protocol is designed to empower token holders by providing control over development, listings, community empowerment and the overall future of Glitter Finance. Through the XGLI DAO, stakeholders can influence and shape the direction of the Glitter ecosystem.

Development

As a vital component of Glitter's cross-chain ecosystem, XGLI is incorporated in various activities ranging from swaps and Rainbow Network node deployments to DAO participation. The DAO's role is to facilitate the growth of the XGLI utility by allowing members to propose new utilities and vote on developmental resolutions. This ensures every stakeholder has a voice and contributes to the evolution of the protocol.

Listings

To broaden Glitter's reach across blockchain networks, new XGLI listings are needed on both Decentralised Exchanges (DEXs) and Centralised Exchanges (CEXs). The listing decisions, which are crucial for new users' access to the Glitter ecosystem via the XGLI token, are managed by the DAO. The body also decides where and when to list a token and where to create staking pools for enhanced liquidity provision.

Community Empowerment

The XGLI DAO provides an inclusive platform for stakeholders to engage in discussions and decisions about Glitter Finance's future. The DAO's democratic structure fosters a committed community geared towards the long-term success of Glitter. In line with its decentralisation goal, Glitter is dedicated to distributing a majority stake of XGLI tokens to its community, with only 10% of tokens retained by the team, and the rest utilised for rewards and incentives.