We envision worldwide usage of the Gluon platform. To facilitate widespread adoption and international use of the Gluon Platform, the company developed a unique approach to cyptocurrency payments and has developed a reward token to be used within the system to promote adoption and participation. Using cryptocurrency eliminates the need for currency conversions between traditional payment methods, and removes large risks associated with long settlement periods, unwarranted chargebacks, and fraud.
The fees associated with the cryptocurrency are far lower than those charged by credit card issuers and lower than those assessed by bank transfer. The reduced fee model will stimulate the use of the cryptocurrency within the app and GLU tokens are used to reward many types of participation including, but not limited to, the purchase of products, writing reviews, selling products to others using the P2P listing and payment system, creating useful content such as do-it-yourself guides and videos.
The GLU token will also be used to reward content providers who write articles and blog posts within the Gluon platform. Those who write articles on installing products for recommended repairs or for tuning purposes will make the application more robust; those who contribute content will be rewarded with GLU tokens. Customers can also earn rewards when they use the platform and pay for goods with GLU tokens.
In short, the Gluon payment platform provides advantages over other systems because processing fees are lower, fraud is reduced, currency conversions, chargebacks and settlement periods are almost eliminated, and they can be used as a reward system within the program.
ICO Whitepaper and Token breakdown details coming soon.