GLMall is the first online marketplace of its kind that pusches the boundries between e-commerce and de-commerce in an efficient and safe way with the aim to de-mystify crypto and clearly show how the blockchain can be a highly beneficial tool when used in a transparent and sustainable way. This approach allows GLMall to solve 5 key issues that the space has been facing to date.

1. Transaction fees:

To date, transaction & gas fees have been a constant companion for on-chain transactions, ranging from higher to lower depending on the blockchain used. Through a proprietary parallel token relationship between USDT and GLMall's native parallel clone GLMT, GLMall has eliminated gas fees altogether and replaced them with “coin-hours” to power transactions. Coin hours simply represent the time a coin has been in circulation and thus is a self-generating resource.

2. Speed:

Most, if not all, commonly known blockchain protocols today, such as Bitcoin or Ethereum, are “products” in themselves and need to be monetized. With this in mind, it only makes sense that gas fees would be the driving force behind nodes validating on-chain transactions based on the highest fee paid. This, however, slows any and all transactions that cannot compete in the “gas fee bidding” process, so to speak, causing delays and inefficiencies for daily low-value transactions.

3. Scalability:

More transaction demand means less node validation supply, causing transaction fees to rise consistently. Applying this logic to daily e-commerce, which is 80% high-volume and low-value transactions, the more you want to buy, the more expensive it gets. Not ideal for all those daily fast-moving consumer items.

4. Flexibility:

When it comes to online shopping these days, influencers are the new billboard. Being able to split one online order among separate buyers, each using 2-3 different influencers to generate these sales, would result in: number of orders x number of influencers = the total number of on-chain transactions, with a gas fee charged each time. This would cost more than any of these influencers earn in commission on most blockchains.

5. Safety & Trust:

When we order something online, we want to be sure that we can get a refund or know that we have a way to get our money back if the product is not delivered or not up to par. This is a tough one when it comes to on-chain transactions, as it goes straight from wallet A to wallet B, and that’s it. There are no banks in between, but that means there is no assurance either. To make decentralized e-commerce viable, GLMall has created a public “escrow wallet” between buyer and seller to show the seller that payment has been made. Only upon confirmation of receipt of the ordered product or service will payment be triggered to the merchant via the blockchain. This is all done automatically through the blockchain and creates transparency and safety for GLMall buyers.

With the above challenges in mind, GLMall has developed a free, fast, scalable, flexible, and safe future for e-commerce - bridging the gap between crypto as an investment & status tool and crypto as an actual everyday currency.

Want to see it for yourself? Here is how you get started on GLMall:

1. Go to www.glmall.glbrain.com to create your account
2. Go to My Profile => My Crypto => Download GMBT Wallet
3. Load your cart full of crypto products and go to checkout
4. Enter your wallet address and top up or use your GMBT balance to make the transaction
5. Place your order!