GLOW represents the illumination of the crypto decentralized finance (DeFi) space through education and charity. The core principles of Glow are Unity, Clarity and Security. We are committed to excellence and full transparency, in the way we run our business. Glow strives to build value, transparency, that forges a BRIGHT future for our company and investors. Glow Token is a crypto token that is running on the Binance Smart Chain. Our token implements a buy/sell tax that allows us to give back.
Tax Breakdown
On every buy and sell transaction of Glow, there is a 15% tax fee. This tax is an essential feature of GlowV2’s model of giving back to the community.
- 11% Dividend Rewards
- 9% BUSD
- 1% WBNB (Flex Position)**
- 1% BBTF (Blockbusters Tech)**
- 1% Charity (Monthly Community Voted)
- 3% Marketing/Development
**These 1% slots are flex positions. This means that Glow Token LLC reserves the right to change these rewarded tokens at any point in time, for any reason.
Giving Back
Glow was founded and built to give back to the community. One way we give back to holders/investors is by providing a portion of the taxes back to all holders of Glow. For every buy and sell of Glow, 11% is automatically rewarded back in BUSD (Binance USD Stable Coin), Wrapped BNB and Blockbusters Tech to holder wallets. We have a built-in dashboard on our website where you can track your pending and total rewards received from Glow.
Another way Glow gives back to the community is through our lottery. Previously we had a daily $100 lottery and a $10,000 lottery. We are changing this structure up to be more automated and interesting. Not only will we be giving back through the lottery, but we will be supporting partner projects by rewarding their tokens to lottery recipients.
Our final current way of giving back to the community/world is our charity. As buys/sells occur our charity wallet fills up. Every month the team creates a list of about 5 charities for the community to vote on. The community picks the charity they would like to contribute to, and at the end of each month Glow will deliver the charity balance to the person/organization. We go through an extensive vetting process to ensure that each charity is legitimate and the funding is going to the proper location.