Glow Node has recently unveiled a slew of significant updates aimed at boosting the user experience and ensuring greater transparency across the board. Among these updates, a pivotal change includes the adoption of a new payment provider, an initiative that, although delayed, is set to complete by the upcoming Wednesday.
Revolutionizing Payout Processes
In a bid to streamline payout processes, Glow Node is revisiting all pending payout requests, giving precedence to cryptocurrency transactions via Moonpay, albeit with a daily cap of $10,000. For PayPal users, an expedited payment option is encouraged, alongside alternative methods like bank transfers for which users can submit their swift and IBAN details for direct transactions.
The firm openly shared its current backlog of 28 pending withdrawals, committing to swift processing post the integration of the new payment system. This adjustment is expected to normalize payout protocols, introducing the convenience of automated same-day payments.
Classic Plan Overhaul and Trading Rule Updates
Glow Node’s Classic plan has undergone significant refinements, including:
- A reduced Phase 2 profit target of 4% from the previous 5%.
- An initial 85% profit split, with an option to upgrade to 90%.
- The introduction of a weekly payouts add-on for enhanced flexibility.
- Adjusted profit thresholds of 4% daily and 8% overall, maintaining the option for a 12% drawdown in the custom plan.
Additionally, the firm has revised its terms and conditions to emphasize the importance of adhering to trading rules, underscoring its dedication to fostering a fair and supportive trading environment for its community.
Commitment to Transparency and User Satisfaction
These updates reflect Glow Node’s steadfast commitment to its growth and the satisfaction of its traders. By enhancing payment processes, refining trading plans, and reinforcing trading rules, Glow Node reaffirms its position as a prop firm that values transparency, efficiency, and trader success.
