Glass (GLASS)

Global Liquidity And Settlement System

Review Score
1.88/5
ICO Price
N/A
Pre ICO Price
N/A
Soft Cap
N/A
Hard Cap
N/A
Start Date
N/A
End Date
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What is Glass?

 

The SharesPost Global Liquidity and Settlement System (“GLASS”) will be a decentralized network that enables crypto platforms to pool liquidity and settle compliant cross-border token trades Exchanges could boost trading volumes without materially slowing transaction processing speeds by connecting with counterparties on other exchanges. The platforms can market to and serve customers even if regulators deem those tokens as securities in that jurisdiction.

To increase transaction volume, token trading platforms will submit buy and sell orders for some or all of their tokens to the network. The network will connect buyers and sellers from different exchanges, pooling the collective liquidity of participating exchanges. The system could inspire confidence among exchange clients that they are getting the best available price for their purchase or sale. SharesPost’s escrow technology could eliminate counterparty risk between exchanges. The combined liquidity will generate network effects for GLASS and the participating exchanges. As more platforms join the network, GLASS could accumulate even more liquidity compared to non-participating platforms, thus giving them a stronger incentive to sign up.

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