The integrated cryptocurrency ecosystem Gleec, which is best known for its popular Gleec Racing game, is partnering with multiple big names in the blockchain trading space to support the growing demand for its native token GLEEC.
In a statement, Gleec said it’s teaming up with Changelly and Changelly Pro, in an effort to create a deep liquidity order book for the GLEEC token. At the same time, Gleec has announced an integrated listing of GLEEC that encompasses top-tier cryptocurrency exchanges such as FMFW.io (formerly known as Bitcoin.com), Phemex, MEXC, and Choise.com.
In doing so, Gleece said it’s trying to boost the liquidity of GLEEC coin and to ensure that it can support higher volume orders amid an expected surge in demand for the asset.
Gleec has reason to believe this will happen because it has emerged as one of the fastest-growing cryptocurrency ecosystem projects around. The Gleec community is centered around Gleec Racing, which is a popular play-to-earn racing simulator that provides an extremely realistic, adrenaline-fueled racing experience for motor sports fans. Gleec Racing has rapidly emerged as one of the most popular blockchain-based games around, having attracted hundreds of players from around the world who race against each other in a bid to earn crypto rewards.
Gleec Racing sits at the heart of a growing ecosystem that has also expanded into the area of crypto payments. Its offerings include the Gleec BTC Exchange for trading cryptocurrencies, Gleec SV, which is a digital point of sale tool that’s widely used in El Salvador, where crypto is legal tender, and Gleec Pay, a mobile app that supports crypto to fiat payments. Within Gleec’s ecosystem, the GLEEC token plays a significant role, hence the need for Gleec to ensure there is enough liquidity to meet the rising demand for its offerings.
Gleec said the listing of GLEEC coin on FMFW.io Exchange, Phemex, MEXC and Choise.com will provide investors with more opportunities to buy and sell large orders across each of them. It has hit upon the clever idea of creating a single central order book that spans those exchanges, in order to boost the available liquidity for GLEEC/BTC and GLEEC/USDT trading pairs. By sharing liquidity across multiple platforms, Gleec said this will enable better price discovery and consolidation. The exchanges will communicate continuously with one another in real-time to ensure the instantaneous execution of large orders, Gleec said.
In line with this plan, the GLEEC token has also been made available on Changelly and Changelly Pro, enabling investors to instantly swap their crypto assets for GLEEC and vice versa using those apps.
Gleec said it expects to see enhanced liquidity for GLEEC as a result of these moves, providing benefits not only for traders but also Gleec card holders, who’ll be able to fund their debit cards using their GLEEC tokens.
FMFW.io Exchange Chief Executive Danish Chaudry said he was excited to welcome Gleec, describing its as a valuable project that provides real utility by making DeFi more accessible to everyone. “Gleec’s mission aligns with our philosophy of aiming to make blockchain available across the world and over a wide range of industries,” he said.
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