Golden Ball

## What Is Golden Ball (GLB)?

[Golden Ball](https://coinmarketcap.com/currencies/golden-ball/) is a [BSC](https://coinmarketcap.com/currencies/binance-coin/) token promising to improve the online betting and gambling transaction system by introducing decentralization through blockchain technology. According to Golden Ball, users will be able to complete faster transactions with lower fees by using the GLB token. The project’s whitepaper features lofty promises, such as cutting-edge gambling and gaming options that will see Golden Ball integrated with three different gambling platforms. After an initial onboarding and testing phase, the platform plans to roll out more popular gambling options and progress to implementing proprietary games. Golden Ball believes the gambilng sector is a strong fit for blockchain technology, as its properties are well-suited to host gambling-related applications. 


## Who Are the Founders of Golden Ball?

The developers of Golden Ball are anonymous, a common occurrence for Binance Smart Chain-incepted protocols. Since a significant amount of comparable projects end up being [rug-pulls](https://coinmarketcap.com/alexandria/glossary/rug-pull) or [exit scams](https://coinmarketcap.com/alexandria/glossary/exit-scam), potential investors should exercise caution when purchasing these tokens. So far, Golden Ball has not announced any partnerships and has a fairly small social media following, with only around 2,000 followers on Twitter. However, since the project has been around since July 2021, its chances of being a rug-pull are somewhat lower.


## What Makes Golden Ball Unique?

Golden Ball aims to tackle the online gambling and gaming space, a poorly-represented sector in the cryptocurrency space. The developers hope to build an online world with thriving virtual economies, where users can compete with each other in a similar fashion to MMORPGs. 

Crediting their use of blockchain technology, Golden Ball claims to have several key advantages over regular gambling operators. By operating a network maintained by a distributed set of notes, applications will not be at risk of server shutdowns, errors or attackers accessing user funds and operators falsely resolving bets. Moreover, the permissionless nature of payments allows users to move their funds without the stringent restrictions typical for traditional gambling. The odds and fairness of various games will be undisputable thanks to the openly auditable source code, as will be the provenance and history of funds.   

To achieve this, Golden Ball promises to develop its application to avoid the pitfalls of apps that preceded it and help foster favorable conditions for gamers. It promises an application with an easy setup, allowing users to start in less than a minute without KYC restrictions. The app is also supposed to have a seamless UX experience that will incorporate a permissionless payment system with peer-to-peer payments, micropayments, and asset conversion all in one place. Lastly, security will be provided by the underlying Binance Smart Chain as the settlement layer.


## Related Pages:

Check out [Defina Finance (FINA)](https://coinmarketcap.com/currencies/defina-finance/) — a blockchain game with NFT elements.

Check out [SafeMoon (SAFEMOOON)](https://coinmarketcap.com/currencies/safemoon/) — a deflationary meme coin with reflection rewards.

Read our deep dive into [FC Barcelona Fan Token](https://coinmarketcap.com/alexandria/article/what-is-fc-barcelona-fan-token-features-tokenomics-and-price-prediction).

Get the latest crypto news and latest trading insights with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many Golden Ball (GLB) Coins Are There in Circulation?

The GLB token is supposed to provide users with unique privileges in the app and give them access to exclusive promotions that will provide an edge on the games offered in the app. For instance, GLB token holders will be able to view odds related to various games that will be hidden from token holders below a certain threshold. GLB will also function as a utility token for deposits, withdrawals, and wagers in various betting and gambling applications within the platform.

The total supply of GLB is 60 billion, with 40% of the liquidity locked on PancakeSwap and 38 billion GLB locked in the owner wallet. Moreover, each transaction is taxed at 8%, with 6% going to the liquidity pool and 2% to project incentives.


## How Is The Golden Ball Network Secured?

GLB is a [BEP-20](https://coinmarketcap.com/alexandria/glossary/bep-20) token on Binance Smart Chain, which is secured through the [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible. 


## Can GLB hit $0.01?

Although GLB tackles a promising sector, its vague roadmap and lack of a product make it highly unlikely for the token price to see significant appreciation. Even though the project does not appear to be a rug pull, it does not seem like a genuine product is in development.


## Where Can You Buy Golden Ball (GLB)?

GLB is available on [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/).


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