UPDATES | GlideSEC
Angel Investor
After 2 meetings this morning, extremely positive news has just landed, our angel investor has agreed to pledge $64,000 in USD per year for a 1 year period. Furthermore they have pledged $46,000 in BTC (196btc) to further strengthen the floor on GlideSEC.
On the first week we will be strengthening the floor of GlideSEC by placing buy walls over all exchanges @8000 sat - approx 75btc will be used for this purpose.
The rest of the fund will be used to directly inject funds into the exchange market when drops look imminent. This method is used to strengthen our base, and gain trust and a positive investor response.
Supply Re-evaluation
After various meetings with the team, drastic cuts will be taken out to the GlideSEC supply in order to gain market acceptance.
Current supply - 4,200,000
Proposed new supply 3,600,000
Destroyed amount: 1,600,000
1,600,000 of the GlideSEC supply will be sent to a NXT burn and destroy address.
PRE-ANN for GlideCoin - https://bitcointalksearch.org/topic/pre-ann-glidecoin-privacy-security-ring-signatures-master-glidenodes-1034836
Regards
ActualUpsurge
That is what i call a nice cute in supply. I hope that Cryptsy will add GLIDE soon. I'm in talk with them now, so lets see how it goes.