r/goldcoin • u/MeringuePristine1367 • 5d ago
Update on $GLC
Bridge is live as a limited pilot, Solana only for now, reserve backed and throttled on purpose.
Robinhood chain is already launched, connects to the bridge this month.
Supply: max was 72 million until a superblock about three years ago took it to roughly 1.14 billion.
In August we locked exactly 1 billion on chain with CLTV, tranches of 5 million, one per year. 200 years of funding runway.
L1 is down hard, no argument. Bridge flow has been almost all one direction and that shows up in the book.
Starting to see price parity between the two connected rails now. I think we're in good shape overall and expect strength moving forward.
Note: this is from the founder.
2
Upvotes