Glitch Finance has partnered with Genesis Pool to develop GPool

By Joy Dumasia

Glitch Finance has partnered with Genesis Pool to develop GPool, a groundbreaking cross-chain launchpad looking to address many of the biggest problems plaguing existing launchpads’ Initial DEX Offerings (IDOs) and crypto fundraising a whole. This week, the partnership’s efforts will come to fruition with the official launch of the Genesis Pool Launchpad Staking Platform together with a Genesis Pool website revamp.

The launchpad has built-in protections against whales and “pump & dumps”, with guaranteed allocations through its unique tiering system. GPass holders can participate in IDOs by staking $GPOOL tokens on the platform. All featured IDOs on Genesis Pool are required to delegate a small portion (~2%) of their supply to fund incentives for stakers. This ensures investors receive the right amount of project tokens and earn even more by reaching the highest-tier of Gold GPass Holder.

The staking platform fully automates the IDO process, doing away with filling out forms to participate in the process and allowing users to earn interest on their tokens from projects they’ve already invested in while providing a holistic view of their earnings.

Genesis Pool was the first-ever Glitch Grant recipient from the Glitch Finance grant program. In addition to funding, Glitch will incorporate GPool into its massive ecosystem, providing support and helping to raise funds for new projects being built on the following excellent blockchain ecosystem.

After acquiring $GPOOL tokens on Uniswap, staking on the platform is only a few clicks away. Users connect their wallets to the platform and delegate their tokens to earn interest. The longer funds are staked, it’s just a matter of time before becoming a Gold GPass Holder, which comes with higher interest rates and guaranteed allocations of project tokens.