Glyff is a decentralized platform which delivers privacy-preserving smart contracts and transfers of value by using zero-knowledge cryptography. Protecting identities, private data and business intelligence, Glyff team envisions a safer future for both companies and individuals at large.
PROS:
- Glyff achieves the highest privacy by leveraging a cryptographic technique known as “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge”(zk-SNARK), which allows the verification of a smart contract without revealing the data that held within it. That way, computation can be carried out verifiably while all the information can be immutably recorded onto the blockchain without being exposed to third parties.
- The specialized compiler handles the complexities of the cryptographic protocol between the blockchain and the user, producing applications easy to deploy and run on the Glyff platform, ultimately enabling non-specialist programmers to create advanced privacy-preserving applications without in-depth knowledge of the underlying cryptography.
- Glyff is a solution for all the industries where the privacy of clients’ data is in the first place. Potential users of the platform can be representatives of the healthcare IT sector, global e-commerce and IoT (Internet of Things). Glyff enables such organizations to develop applications that will improve operations whilst safeguarding sensitive data as standard. The significant cost-savings and radical improvements to operational speed will prove a powerful incentive.
- Glyff has the opportunity to become the platform, which connects trade, and banking from end to end, providing a common language on which smart contracts can be agreed and executed upon at speed and with the confidentiality and security that could result in increased gains and reduction in costs.
- The Atum token (ATU) is the default, privacy-preserving transferable token, implementing the Atum standard and running on the Glyff platform. ATU token will be allocated to GLY token holders in addition to the GLY token (the main, ERC-20 compatible token), based on a predetermined ratio of 1:4 to the GLY tokens purchased and used as means of exchange on the network.
- The Glyff platform will be managed by a constantly growing team of crypto and security specialists, software developers and business development managers.
CONS:
- The Company will not organize trading of GLY and Atum tokens on the exchange or over-the-counter markets. It prohibits the circulation of GLY and Atum tokens outside the Glyff platform.
- GLY or Atum token holders will not get any economic benefits from the income received by the Company.
- GLY and Atum tokens have no utility or application outside of the Glyff platform or Glyff wallet.
- GLY and Atum tokens purchasers should have no expectation of influence over governance of the platform.
- The purchasing, obtaining or transferring of GLY or Atum tokens, or usage of the Glyff, Glyff platform or Glyff wallet may have tax consequences for the purchaser.
SUGGESTIONS:
- Engage GLY and Atum token holders into the decision-making process.
- Provide token owners with incentives in the form of economic benefits from the use of the Glyff platform or its resources.
- Consider the usage of company tokens outside the Glyff platform.
NOTE:
The goal of Glyff is to create an easily accessible, privacy-preserving decentralized platform on which all businesses can benefit from smart contracts. It will provide the security and privacy required to ensure an efficient transaction environment, which is trust-less, scalable and fully accessible to those without extensive knowledge of cryptography such that it can be truly ubiquitous and with no barriers. That is why, despite all the drawbacks, I'd like to invest in this project.
