Y Combinator-backed Globe Announces Balancer LBP for Their Upcoming Platform Token

May 9th, 2021 at 5:00 pm UTC · 2 min read

Y Combinator-backed Globe Announces Balancer LBP for Their Upcoming Platform Token
Photo: Globe

Globe is excited to announce the upcoming Balancer Liquidity Bootstrapping Pool for GDT tomorrow, May 10, 2021. Following the successful triple IDO and IEO , it is essential to bring the token to as many users as possible. As part of Globe’s commitment and reputation for fairness, an LBP event on Balancer allows for fair price discovery, opportunity to participate and fair distribution of the GDT supply.

The Balancer Liquidity Bootstrapping Pool event is an excellent way to buy GDT at preferred prices. As an ERC20 utility token, GDT provides discounts on trading fees and also naturally decentralizes long term ownership of the token away from Globe and to its community via buy & burn so that every trade uses some GDT as fuel. In a future version, users can pay their trading fees with the token.

As Balancer is a well-respected name in the cryptocurrency industry, it provides an excellent outlet to bring GDT to a broader audience. Balancer has a strong reputation for facilitating LBP events and strong token performance. As Globe wants to prioritize fairness and transparency, fair price discovery is essential for new and upcoming tokens.

The Balancer LBP event will take place after Globe has successfully completed its triple IDO on Ignition, Superfarm, and DODO. Additionally, the team also completed an Initial Exchange Offering – IEO – on Gate.io earlier with nearly $30m of interest in just 4 hours. All of these token sales contribute to the fair distribution of the GDT token and provide people with multiple options to acquire Globe’s utility token.

GDT Will make its way to exchanges come May 12, 2021. More information on exchange listings will be announced via Globe’s official social media channels in the coming days.

About Globe

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Kinsa Durst

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