➖Reduced Collateral

Discounted Collateral Rates

One of the main use cases for $GLX is giving holders of a certain threshold discounted rates in the Collateral system, this process goes hand in hand with the Reputation program. View the table below to have an understanding of the certain token thresholds and how they benefit sellers on the platform:

The following table highlights the amount of $GLX holdings in USD value relative to the discount users would receive on their collateral.

1,000$ - 5,000$	10,000$ - 20,000$	50,000$ +
5% off	8% off	12% off

Disclaimer: To reap the benefits of the above, holders must lock up said tokens for a minimum of 31 days on the Galaxy platform