What is Glint Coin (GLINT)?
- Glint Coin (GLINT) enhances the TON Diamonds user experience in the following ways:
- Purchasing NFT on TON Diamonds marketplace with Glint Coin.
- Covering NFT trading fees on the TON Diamonds marketplace.
- Granting DAO voting rights to decide on the listing of new or other NFT collections and artists on the marketplace.
What is TON Diamonds?
TON Diamonds NFT Marketplace (TON Diamonds) is a specialized platform that empowers digital creators to produce and sell their art as NFTs. Users of our platform are part of a private club through TON Diamonds NFT Collection, granting them priority access to new NFT releases created in collaboration with the TON Diamonds team.
What utilities does Glint Coin have?
Purchasing NFTs
GLINT grants users the purchasing power for newly released NFTs on the TON Diamonds Marketplace. Holders of $GLINT can exchange it for NFTs during these events.
A Marketplace Governed by DAO
GLINT introduces transformative powers by shifting decision-making from a centralized team to a Decentralized Autonomous Organization (DAO). This allows the community to make decisions through voting, ensuring a more inclusive and democratic approach.
Profit Sharing
GLINT holders benefit from a share of 22% of TON Diamonds marketplace profits, distributed quarterly. This financial incentive aligns the interests of GLINT holders with the success of the platform.
Staking and Influence
GLINT can be staked, and the more GLINT you own, the greater your influence within the platform. This influence extends to decision-making and governance.
How many Glint Coins are there, and how are they distributed?
The total supply of GLINT is 22,000,000 tokens.
44% of the total supply (9,680,000) is gradually distributed between TON Diamonds NFT holders through a farming mechanic during two seasons. The first season started on May 31, 2023, and will continue until December 1, 2023. The next season will be announced in 2024.
11% of the total supply (2,420,000) was released for trading on Decentralized Exchanges.
22% of the total supply (4,840,000) is dedicated to the team, supporting the token development and promotion.
11% of the total supply (2,420,000) is reserved for burning TON Diamonds NFT. This will occur by transferring the NFT to a special smart contract (to be developed later). By doing this, the holder will instantly receive a certain amount of $GLINT that this NFT is supposed to farm during the current farming season. The burned TON Diamonds NFT becomes a property of the TON Diamonds platform and will be later returned to the market. A more detailed description of this mechanic will be announced in Q4 2023.
12% of the total supply (2,640,000) is reserved for staking rewards.
Thus, 67% of the token will not be available for direct purchase and will be distributed through farming, staking, and burning mechanics.
Where can I get GLINT?
Glint Coin is available on the TON Diamonds DEX Aggregator, which includes DeDust.io DEX and STON.fi DEX.
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