In these Terms of Use (“Terms”), the terms “Glitter,” “the Company,” “we,” “us” and “our” refer to Glitter Finance, UAB (“Glitter”). We own and operate the website [glitterfinance.org] (“the Site”) through which you may access the decentralized Glitter Protocol (Glitter Bridge, Glitter Distribution Tool, Glitter Solana Token Minter, and all other products created by Glitter).This end user agreement should be read by you in its entirety prior to your use of Glitter's service or products. Be aware that this Agreement constitutes a legally binding agreement between you and Glitter.

These Terms apply to you (“You”) as a user of the Site, including all the products, services, tools and information made available on the Site. By using the Site, you agree to comply with these Terms. These Terms may be updated from time to time without notice to you, and will be available at glitter.finance. In addition to these Terms of Use, we have established a Privacy Policy to explain how we collect and use information about you. A copy of this Privacy Policy can be found here.

1. Usage

By accessing or using the Site, you are also signifying your acknowledgement and agreement to our Privacy Policy. Please read these Terms carefully to ensure that you understand each provision. This agreement contains a mandatory individual arbitration and class action/jury trial waiver provision that requires the use of arbitration on an individual basis to resolve disputes, rather than jury trials or class actions.

By agreeing to these Terms on behalf of a legal entity, you have the legal authority to bind the company or other legal entity to these Terms and you are at least 18 years old or the age of majority where you reside, whichever is older, can form a legally binding contract online, and have the full, right, power and authority to enter into and to comply with the obligations under these Terms.

2. Site

As part of the Site, Glitter provides access to a decentralised finance/infrastructure application (“Application”) on the Algorand and Solana blockchains, that allows users of digital assets (“Digital Assets”) to transact using smart contracts (“Smart Contracts”). These smart contracts allow users to bridge a digital asset from one blockchain to another blockchain. Using the Glitter Finance platform may require that you pay fees, such as gas charges on the Algorand and Solana networks, to complete a transaction.

You acknowledge and agree that Glitter has no control over any Smart Contract, transactions, the method of payment of any transactions, or any actual payments of transactions. You must ensure that you have a sufficient balance of the applicable cryptocurrency tokens stored at your Glitter Protocol-compatible wallet address (“Wallet”) to complete any transaction on the Glitter Protocol or the Algorand or Solana networks before initiating such transaction.

Using the Glitter Bridge will require the wrapping of tokens. As such, the following terms will apply and are binding from the moment of use of the Glitter Bridge application:

All Wrapping and Unwrapping (bridging of tokens cross-chain) will be subject to a transaction fee (Fee). This will be advised at the time a Wrapping Request or Unwrapping Request is received by the Glitter Bridge Application.

Connecting Digital Wallet

When using the App, you may connect your digital wallet, such as, for illustration purposes only, MyAlgo or similar software (the “Digital Wallets”). Glitter Finance does not receive access to or control over your Digital Wallet, or virtual assets, including cryptocurrencies and other cryptographic tokens, such as, for example, SOL, ALGO, xALGO, xSOL (the “Virtual Assets”) held in such Digital Wallet. Therefore, you are solely responsible for securing your Digital Wallet and credentials thereto. You may disconnect your Digital Wallet from the App at any time. Glitter Finance is not responsible for, does not endorse, shall not be held liable in connection with, and does not make any warranties, whether express or implied, as to the Digital Wallets used by you with the Platform. When using Digital Wallets, you should review applicable terms and policies that govern your use of such Digital Wallets.

Important Disclaimers

  • You hereby acknowledge and agree that Glitter Finance does not provide any custodial or similar services, custodial solutions or software, does not act as your agent or representative, and does not control or custody any of your funds or Virtual Assets. 
  • Glitter Finance shall not be responsible for or held liable in connection with any operation carried out by you, any other user or group of users in or with the use of the Smart-Contract Systems or the Platform, including any transfer, delivery, use, or storing of Virtual Assets.
  • Glitter Finance shall not be acting as an intermediary in any transaction nor shall it be responsible for ensuring that any transaction two made with the use of the Platform or otherwise on the blockchain is actually completed or performed. 
  • Glitter Finance does not control or influence the transactions on blockchain networks, and therefore is unable to cancel, reverse, block, or freeze any transactions conducted by you or any other user of the Platform or Smart-Contract Systems. 
  • Glitter Finance is not your broker, fund manager, or any intermediary to any broker or fund manager. Neither the Platform nor the Smart-Contract Systems or anything in these Terms shall be considered as broker and/or fund management services, or any intermediation services thereto. 
  • Neither the Platform nor Glitter Finance provides financial advisory, legal, regulatory, or tax services directly, indirectly, implicitly, or in any other manner, and you should not consider any content contained in these Terms, information or materials provided by Glitter Finance (or on our behalf) to be a substitute for professional financial, legal, regulatory, tax, or other advice.
  • The Platform, including any information and materials available thereon, is not intended to constitute an offer of securities or Virtual Assets, or a solicitation for investment in or purchase of securities or Virtual Assets in any jurisdiction, nor is it intended to constitute a prospectus or offer document of any type. 
  • We do not provide any opinion or any advice to purchase, sell, or otherwise transact with Virtual Assets, and nothing communicated by us shall form the basis of, or be relied upon in connection with, any contract or investment decision. Please consult your own legal or financial advisor before making any decision, and always do your own research.
  • Virtual Assets are extremely volatile which means that their value and applicable exchange rates may change dramatically in a very short time depending on various factors and forces. Furthermore, the composition of Virtual Assets supplied to certain Third-Party Services (as defined below), whether through the App or otherwise, may change, their value may go up or down, or drop significantly. Glitter Finance shall not be responsible for or held liable in connection with any damages or losses that you may incur as a result of or in connection with the change in the composition, value or price of your Virtual Assets.
  • $XGLI is not available for traders/users of the United States of America, for a citizen of any country that is on the sanctioned list, and for a citizen of any country where crypto tokens are currently prohibited. Usage (buying/trading/holding) of the XGLI by any individual from the above-mentioned countries constitutes a breach of contract and a violation of the Glitter Finance Terms and Conditions.

3. Access to the Site

Access to the Site is provided “as is” and “as available” basis only. We do not guarantee that the Site, or any content on it, will be available or uninterrupted, or secure or free of bugs. By using the Site, you understand and agree that access may be interrupted, suspended or restricted, including because of a fault, error or unforeseen circumstances or because we are carrying out planned maintenance. You understand and agree that we are not liable to you for any loss or damage you may suffer as a result of the Site being unavailable at any time for any reason. We reserve the right to limit the availability of the site to any person, geographic area or jurisdiction or to terminate your access to and use of the Site, at any time and in our sole discretion. We may remove or amend the content of the Site at any time. We are under no obligation to update the content of the Site. We do not guarantee that the Site, or any content on it, will be free from errors or omissions.

As a condition to accessing or using the Site, you agree that you will:

  • Only use the Services and the Site for lawful purposes and in accordance with these Terms.
  • Ensure that all information that you provide on the Site is current, complete, and accurate.
  • Maintain the security and confidentiality of access to your Wallet.
  • Not violate any applicable law, including, without limitation, any relevant and applicable anti-money laundering and anti-terrorist financing laws and any relevant and applicable privacy and data collection laws, in each case as may be amended.
  • Not use the Site for any purpose that is unlawful.
  • Not export, reexport, or transfer, directly or indirectly, any Glitter technology in violation of applicable export laws or regulations.
  • Not infringe on or misappropriate any contract, intellectual property or other third-party right, or commit a tort while using the Site.
  • Not use the Site in any manner that could interfere with, disrupt, negatively affect, or inhibit other users from fully enjoying the Site or the Glitter Protocol, or that could damage, disable, overburden, or impair the functioning of the Site or the Glitter Protocol in any manner.
  • Not attempt to circumvent any content filtering techniques or security measures that Glitter employs on the Site, or attempt to access any service or area of the Site that you are not authorized to access.  
  • Not use any robot, spider, crawler, scraper, or other automated means or interface not provided by us, to access the Site to extract data.
  • Not introduce any malware, virus, trojan horse, worm, logic bomb, drop-dead device, backdoor, shutdown mechanism or other harmful material into the Site.
  • Not post content or communications on the Site that are, in our sole discretion, libelous, defamatory, profane, obscene, pornographic, sexually explicit, indecent, lewd, vulgar, suggestive, harassing, hateful, threatening, offensive, discriminatory, bigoted, abusive, inflammatory, fraudulent, deceptive or otherwise objectionable.
  • Not post content on the Site containing unsolicited promotions, commercial messages or any chain messages or user content designed to deceive or trick the user of the Site.
  • Not encourage or induce any third party to engage in any of the activities prohibited under these Terms.

4. Risks in Using the Site

At any time, your access to your Digital Assets may be suspended or terminated or there may be a delay in your access or use of your Digital Assets which may result in the Digital Assets diminishing in value or you being unable to complete a Smart Contract.

As a condition of using the Site, you understand and agree that you assume all risk in connection with your access and use of the Site, the Application and the Smart Contracts and that you expressly waive and release Glitter from any and all liability, claims, causes of action, or damages arising from or in any way related to your use of the Site, the Application or the Smart Contracts.

5. Third-Party Links

The Site may contain hyperlinks or references to third party websites. We do not endorse, warrant and are not responsible for the accuracy, timeliness, completeness, or reliability of any opinion, advice, or statement made on the Site by anyone other than authorized employees or spokespersons while acting in their official capacities. Your use of a third-party site may be governed by the terms and conditions of that third-party site.

6. Intellectual Property Rights

We are the owner of all intellectual property rights in the Site and the material published on them. These works are protected by copyright laws and all such rights are reserved. Except for the limited use rights granted to you in these Terms, you shall not acquire any right, title or interest in the Site. Any rights not expressly granted in these Terms are expressly reserved.

7. Indemnification

You agree to indemnify and hold harmless Glitter and its officers, directors, employees, parents, partners, successors, agents, distribution partners, affiliates, subsidiaries, and their related companies from and against any and all claims, liabilities, losses, damages, obligations, costs and expenses (including reasonable attorneys’ fees and costs) arising out of, related to, or that may arise in connection with: (i) your access to or use of the Site; (ii) any actual or alleged violation or breach by you of these Terms; (iv) any actual or alleged breach of any representation, warranty, or covenant that you have made to us; or (v) your acts or omissions. You agree to cooperate fully with us in the defense of any claim that is the subject of your obligations hereunder.

8. Disclaimers

The content and materials available on the Site are for informational purposes only and is not intended to address your particular requirements. In particular, the content and materials available on the Site does not constitute any form of advice or recommendation by us, should not be regarded as an offer, solicitation, invitation or recommendation to buy or sell investments, securities or any other financial services and is not intended to be relied upon by you in making any specific investment or other decisions. Nothing on the Site constitutes an offer or solicitation to sell, or distribution of, investments and related services to anyone. You expressly agree that use of the site is at your sole risk. The site is provided on an “as is” and “as available” basis without warranty of any kind, either express or implied. Without limiting the foregoing and to the fullest extent permitted by law, Glitter, and its officers, directors, employees, parents, partners, successors, agents, distribution partners, affiliates, subsidiaries, and their related companies disclaim any and all warranties including any: (1) warranties that the site will meet your requirements; (2) warranties concerning the availability, accuracy, security, usefulness, timeliness, or informational content of the site; (3) warranties of title, non-infringement, merchantability, or fitness for a particular purpose; (4) warranties for services or goods received through or advertised on the site; (5) warranties concerning the accuracy or reliability of the results that may be obtained from the use of the site; (6) warranties that your use of the site will be secure or uninterrupted; and (7) warranties that errors in the software will be corrected.

9. Limitation of Liability

Under no circumstances shall Glitter or its officers, directors, employees, parents, partners, successors, agents, distribution partners, affiliates, subsidiaries, or their related companies be liable for indirect, incidental, special, consequential or exemplary 4 damages (even if we have been advised of the possibility of such damages), arising out of, relating to, or in any way connected with the site or these terms. Your sole remedy for dissatisfaction with the site including, without limitation, the site content, is to stop using the site. Such limitation shall also apply with respect to damages incurred by reason of services or products received through or advertised in connection with any of the site or any links on the site, as well as by reason of any information or advice received through or advertised in connection with any of the site or any links on the site. Such limitation shall also apply with respect to damages incurred by reason of any content posted by a third-party or conduct of a third-party on the site. Notwithstanding anything to the contrary contained herein, in no event shall the cumulative liability of Glitter and its officers, directors, employees, parents, partners, successors, agents, distribution partners, affiliates, subsidiaries, and their related companies exceed the greater of the total payments received from you by us during the preceding twelve (12) month period or $100. Furthermore, you agree that any cause of action arising out of, relating to, or in any way connected with any of the site or these terms of use must commence within one (1) year after the cause of action accrues; otherwise, such cause of action shall be permanently barred. In some jurisdictions limitations of liability are not permitted. In such jurisdictions, some of the foregoing limitations may not apply to you. These limitations shall apply to the fullest extent permitted by law.

10. Choice of Law

Jurisdiction and Venue These Terms shall be construed in accordance with the laws of the Republic of Lithuania without regard to its conflict of laws rules. Any legal proceedings against Glitter and its affiliates, or subsidiaries, that may arise out of, relate to, or be in any way connected with the Site or these Terms shall be brought exclusively to the court of the Republic of Lithuania and you waive any jurisdictional, venue, or inconvenient forum objections to such courts.

11. Dispute Resolution and Mandatory Arbitration

You agree to resolve any claims relating to the Site or these Terms through final and binding arbitration through a single arbitrator. The arbitral examination and resolution will occur within the regulations of the Republic of Lithuania. The arbitrator will have no authority to award punitive or other damages not measured by the prevailing party's actual damages, except as may be required by statute. The arbitration will be held in the Republic of Lithuania. The claimant agrees to pay all arbitration fees as required by the Republic of Lithuania. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the site or these terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.

12. No Class Actions

To the extent allowed by law, we each waive any right to pursue disputes on a classwide basis; that is, to either join a claim with the claim of any other person or entity, or assert a claim in a representative capacity on behalf of anyone else in any lawsuit, arbitration or other proceeding.

13. No Trial by Jury

To the extent allowed by law, we each waive any right to trial by jury in any lawsuit, arbitration or other proceeding.

14. Miscellaneous

We may perform any of our obligations, and exercise any of the rights granted to us under these Terms, through a third-party. We may assign any or all our rights and obligations under these Terms to any third-party. No waiver by either party of any breach or default hereunder shall be deemed to be a waiver of any preceding or subsequent breach or default. The section headings used herein are for convenience only and shall not be given any legal import. Except where specifically stated otherwise, if any part of these Terms is unlawful or unenforceable for any reason, we both agree that only that part of the Terms shall be stricken and that the remaining terms in the Terms shall not be affected. All disclaimers, indemnities and exclusions in these Terms shall survive termination of the Terms and shall continue to apply during any suspension or any period during which the Site is not available for you to use for any reason whatsoever. These Terms and the documents referred to in them set out the entire agreement between you and us with respect to your use of the site, Glitter and the services provided via the site and supersede any and all prior or contemporaneous representations, communications or agreements (written or oral) made between you or us.

15. Communications to and from the Company

Any Notice given under these Terms shall be through e-mail or by sending a message on the Company telegram group; which are our only accepted official forms of communication with you. If you choose to contact us via any other means, including physical mail, telephone or through our social media accounts, we may not be able to process your enquiry in a timely manner, or may not be able to process your enquiry at all.

As such, we will not be liable or held responsible for any damages that may arise for you from you failing to contact us via our accepted communication channel. An e-mail Notice is deemed to have been received at the time of transmission before the end of the next Business Day, All e-mail notices shall be sent to business@glitter.finance. For contractual purposes, you Consent to receive communications from the Company in an electronic form and, You agree that all Terms, agreements, notices, disclosures, and other communications that the Company provides to you electronically satisfy any legal requirement that such communications would satisfy if it were in a hardcopy writing.

Any notice to be given under these Terms must be in writing, in English and may be served by e-mail or through the prescribed form.

16. Data Protection & Compliance

The Company complies with applicable data protection laws (including the general regulation of the European Law 2016/679 and the EU GDPR rules in respect of the personal information you supply to us. All information is processed in accordance with our Privacy and GDPR Policy.

17. Refund Policy

The User is not entitled to a refund unless otherwise stipulated in these Terms.

18. No Guarantee or Promise of Liquidity

We make no promises as to the timing or availability of buying or selling digital assets on the Site.We reserve the right to change, suspend, or discontinue any aspect of the Services at any time and in any jurisdiction, without notice and without liability. This includes, without limitation, the absolute discretion to list and de-list digital assets available for trading at any time.

We are not required to provide advance notice of delisting. You acknowledge and agree that digital assets and/or features available in one jurisdiction may not be available for trading or to access, as applicable, in another.

19. New Technology Risks

You understand that the Algorand, Solana, and all other supported blockchains are new technologies which are still in development. Further, the technology to bridge these blockchains is younger than even the blockchains themselves, and all technologies used in the Glitter Ecosystem remain under development. This may create technological and security risks when using the Services in addition to uncertainty relating to digital assets and transactions therein. By using the Glitter Platform (whether the Bridge, the Solana Distribution System, the Solana Token Minter, the DeFi platform, or any other product developed under the Glitter Finance brand), you signify that you understand these risks.

20. Smart contract vulnerabilities

You acknowledge that the Services and the smart contracts underlying the Services are subject to flaws and that you are solely responsible for evaluating any code provided by the Services or the Site. For example, there is a possibility that you will lose your digital assets if i) there is a vulnerability in the smart contracts which allows an attacker to steal digital assets or ii) an attacker is able to maliciously inject code into the front end interface, or iii) the front end code is faulty and executes trades at incorrect prices.

21. Taxes

It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority.

We will make any tax withholdings or filings that we are required by law to make, but we are not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. We encourage you to speak with your personal tax advisor regarding the tax implications of your use of the Site and Services.

22. Termination

These Terms are effective until terminated by us. We reserve the right to change, suspend, or discontinue all or any part of the Site at any time without prior notice or liability. Glitter Finance UAB is not liable to you or any third-party for termination of your access to the Site or Services, or any part thereof. If you object to any of the requirements, statements, or obligations of these Terms, or any subsequent modifications thereto, or become dissatisfied with the Site or Services in any way, your only recourse is to immediately discontinue use of the Site and/or Services. Upon termination of these Terms, you will cease all use of the Site and Services. You may terminate this Agreement by terminating your use of the Site and Services.

23. Relationship of the Parties

You agree that no joint venture, partnership, employment or agency relationship exists between you and Glitter Finance UAB as a result of these Terms and Conditions (Agreement) or use of the Site or Services.

24. Force Majeure

It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and to collect, report, and remit the correct tax to the appropriate tax authority.

We will make any tax withholdings or filings that we are required by law to make, but we are not responsible for determining whether taxes apply to your transaction, or for collecting, reporting, or remitting any taxes arising from any transaction. We encourage you to speak with your personal tax advisor regarding the tax implications of your use of the Site and Services.

25. Third-Party Disputes

ANY DISPUTE YOU HAVE WITH ANY THIRD-PARTY, INCLUDING, BUT NOT LIMITED TO,OTHER USERS, IN CONNECTION WITH YOUR USE OF THE SITE OR SERVICES IS DIRECTLY BETWEEN YOU AND SUCH THIRD-PARTY. ACCORDINGLY, TO THE FULLEST EXTENT PERMITTED BY LAW, YOU IRREVOCABLY RELEASE GLITTER FINANCE, UAB AND GLITTER FINANCE OU AND ITS ASSOCIATES FROM ANY AND ALL CLAIMS, DEMANDS AND DAMAGES (DIRECT, INDIRECT, AND CONSEQUENTIAL) OF EVERY KIND AND NATURE, KNOWN AND UNKNOWN, ARISING OUT OF OR IN ANY WAY CONNECTED WITH SUCH DISPUTES.

26. Waiver and Conflict

No waiver of by Glitter Finance, UAB and Glitter Finance, OU of any term or condition set out in these Terms will be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of Glitter Finance, UAB and Glitter Finance, OU to assert a right or provision under these Terms will not constitute a waiver of such right or provision. If any provision of these Terms is held by a court or other tribunal of competent jurisdiction to be invalid, illegal or unenforceable for any reason, such provision will be eliminated or limited to the minimum extent such that the remaining provisions of the Terms will continue in full force and effect.

27. Entire Agreement

This Agreement and the Privacy Policy constitute the sole and entire agreement between you and Glitter Finance, UAB and Glitter Finance, OU with respect to the Site and supersede all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral, with respect to the Site. This Agreement does not, and will not be construed to, create any partnership, joint venture, employer-employee, agency or franchisor-franchisee relationship between you and Glitter Finance, UAB and Glitter Finance, OU.

28. Third-party Rights

This Agreement is not intended and shall not be construed to create any rights or remedies in any parties other than you and us and any affiliates which each shall be a third-party beneficiary of this Agreement, and no other person shall assert any rights as a third-party beneficiary hereunder. If you have any questions about these Terms, please contact us at business@glitter.finance.

29. Intellectual Property Rights

  • Ownership

All content comprised in, on or relating to the Platform (including all intellectual property comprised in the content) is owned by Glitter Finance (Glitter Finance, UAB and Glitter Finance OU), its related entities and/or our third-party licensors and is protected by copyright, trademarks, service marks, patents, design registrations, and/or other proprietary rights and laws.

As between you and Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) and our licensors, Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) or our licensors own and retain, solely and exclusively, all rights, title and interest in and to the Platform, and all the content that we or our licensors create and that we make available on or through the Platform, including but not limited to any and all copyrights, trademark rights, trade secret rights, patent rights, database rights and other intellectual property and proprietary rights therein. All logos and trademarks, service marks, logos, and trade names displayed on or in connection with the Platform are the registered and unregistered trademarks and service marks of Glitter Finance (Glitter Finance, UAB and Glitter Finance OU).

Your use of the Platform does not grant you any rights in or ownership over any of the Platform’s content, and except for the limited license we grant you under these Terms and Conditions, your use of the Platform does not grant you any rights, license or permission under any copyright, trademark or other intellectual property rights of Glitter Finance (Glitter Finance, UAB and Glitter Finance OU), its related entities, our licensors and/or any third party. We reserve all rights not expressly granted to you in these Terms and Conditions.

  • Limited License

Subject to these Terms and Conditions, we grant you a limited, non-exclusive, revocable, non-sublicensable and non-transferable license to access and use the Platform solely for its intended purpose of using the products made available on the Platform (license).

Such license does not include the right to, and you must not under any circumstances, reproduce, distribute, adapt, modify, copy, translate, create derivative works from, publish, commercialize or download any content on, component of, or part of, the Platform or otherwise use any of the Platform content for any other purpose except with our express prior written permission. The license granted under these Terms of Use does not include the permission or right to use any data mining, robots, or similar data gathering or extraction methods. Any degree of commercial exploitation of the Platform content (including intellectual property rights therein) without express prior written permission from us is strictly prohibited and will constitute a breach of these Terms and Conditions.

All content used in or in connection with the Platform is proprietary to Glitter Finance (Glitter Finance, UAB and Glitter Finance OU), its related entities and/or our licensors, and except for use strictly in accordance with the foregoing license, any use, redistribution, sale, decompilation, production, reverse engineering, disassembly or translation of content, or reduction of content (including software) to human-readable form, is strictly prohibited and will constitute a breach of these Terms and Conditions.

Any use of the Platform or content on the Platform other than as specifically authorized in these Terms and Conditions is strictly prohibited and will terminate the license granted herein. Such unauthorized use may also infringe or violate applicable laws, including, without limitation, copyright and trademark laws and applicable communications regulations and statutes. Unless explicitly stated in these Terms of Use, nothing in these Terms and Conditions will be construed as conferring any rights or license to intellectual property rights, whether by estoppel, implication or otherwise. The license is revocable at any time.

To the extent permitted by applicable law, the license is provided on an “as is” basis. Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) disclaims all warranties and conditions, express and implied, in relation to the license, including (without limitation), warranties of merchantability, fitness for a particular purpose, non-infringement and title.

  • Feedback

To the extent permitted by applicable law, Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) owns any feedback, suggestions, ideas, or other information or materials (hereinafter collectively referred to as “Feedback”) about Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) or the Platform that you provide or disclose through email, the Platform or in any other manner. You hereby transfer all rights, ownership and interests in and to the Feedback and all related intellectual property rights to Glitter Finance (Glitter Finance, UAB and Glitter Finance OU) and waive any request for acknowledgment or compensation based on any Feedback or any modifications based on any Feedback, unless otherwise agreed by us in writing.

30. Swapping

Token swapping is a simple way to trade one token for another. When you select two tokens to swap, one token to input and one token for output, the protocol calculates how much of the token you will receive relative to the token you put in. Once executed, the swap will deposit the output token directly to your wallet.

When you swap tokens, you are accessing the pools, which hold balances of the two tokens and also enforce rules around deposits and withdrawals. The rule is the standard constant product formula, x * y = k, where any token withdrawal must be in proportion to the other token deposits in order to maintain the constant, k.

When you add liquidity into a pool, you receive pool tokens, or liquidity tokens, which are minted from the contract and sent to your address. These pool tokens represent your share of the contribution to the pool. The proportion of the assets added to the pool are calculated and then sent.

There is a 0.5% total fee for swapping tokens. Fee percentage is subject to change at the discretion of Glitter Finance, UAB.

31. European Union (EU) Users

If you are a European Union consumer, you will benefit from any mandatory provisions of the law of the country in which you are resident in.

32. United States Legal Compliance

You represent and warrant that (i) you are not located in a country that is subject to the United States government embargo, or that has been designated by the United States government as a "terrorist supporting" country, and (ii) you are not listed on any United States government list of prohibited or restricted parties.

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business@glitter.finance
Why is XGLI token not verified?
It is verified by AlgoExplorer.
Why does Algorand XGLI supply have the  clawback & freeze functions enabled?
As a security measure. 
Why has the supply of XGLI tokens increased to 500M? 
The tokenomics were updated in line with our advisor's suggestions, to reflect the increased value of the project, and allow us to fully build the product. Tokenomics were changed to reflect the changed scope of the project.
Why is the XGLI supply spread over two blockchains?
This is to facilitate the liquidity needed for the bridge. 
What is the function of the XGLI within the Glitter ecosystem?
It is a DAO governance and incentives token. The XGLI can be used as part of the staking mechanism as well as within the native token swap on the Glitter platform.
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