Glint Coin TON Diamonds Review
Glint Coin TON Diamonds
ton.diamonds
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Their Official site text:
Glint Coin
TON Diamonds Utility Token
Litepaper
October 23, 2023
2
1. Summary
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.
This Litepaper introduces Glint Coin (GLINT), which enhances the TON Diamonds user
experience in the following ways:
(1) Purchasing NFT on TON Diamonds marketplace with Glint Coin;
(2) Covering NFT trading fees on the TON Diamonds marketplace;
(3) Granting DAO voting rights to decide on the listing of new or other NFT
collections and artists on the marketplace.
2. Product
2.1. Success-cases
Founded in January 2022, TON Diamonds serves as the bridge connecting the global digital
art community with TON Blockchain.
Notable achievements include:
(1) TON Diamonds NFT collection, the most actively traded visual collection on TON
with a total volume exceeding 1 million TON. TON Diamonds marketplace was
the first to introduce renowned artists' works as NFTs to TON Blockchain,
resulting in record-breaking sales.
(2) Artist Ellen Sheidlin's NFT collection debut on TON in July 2022, with two NFTs
from her Annihilation collection selling for a record-breaking 19,860 TON
(approximately $50,000). This record remains unbeaten.
(3) TON Diamonds' rapid collection sales, such as CALLIGRAFUTURISM-24: Units by
Pokras Lampas, selling out in 15 minutes, and the OCTOPUS BOYZ collection
selling out in just 15 seconds, even during a bear market.
TON Diamonds Litepaper / Oct 2023 TON Diamonds
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2.2. Main drivers
TON Ecosystem
TON Diamonds is an integral part of the larger TON Ecosystem, which has recently formed
an official partnership with the Telegram messenger. The goal is to onboard 30% of active
Telegram users to TON in the next 3-5 years, consequently growing the TON Diamonds
community.
Visual Art
TON Diamonds carefully selects the most promising and active artists, providing them with
tools and guidance in the world of Web3. These artists in turn can educate their audience
about blockchain technology, thus inviting more people to the TON Diamonds community.
3. Utility of Glint Coin
3.1. 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.
3.2. 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.
3.3. 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.
3.4. 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.
TON Diamonds Litepaper / Oct 2023 TON Diamonds
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4. Token Economics
Allocation Percentage Tokens Comments
First farming season:
TON Diamonds NFT
owners
22% 4,840,000 Gradually distributed
through a farming mechanic
until Dec 1, 2023
Second farming
season: TON
Diamonds NFT
owners
22% 4,840,000 Gradually distributed during
the period to be announced
in 2024
DEX supply 11% 2,420,000 No Lock Up, 100% on TGE
Team 22% 4,840,000 Lock Up Until Q1 2024
Burn collateral 11% 2,420,000 Reserved to exchange for
burning TON Diamonds NFT
Staking rewards 12% 2,640,000 Reserved for staking
rewards under lock-up.
Total 100% 22,000,000
Farming. Through this mechanic, TON Diamonds NFT holders can receive Glint Coin daily
just by holding the NFT(-s) in their wallets. Each NFT has a specific farming speed based on
its size and rarity. Glint Coin received through farming is first deposited into users’ profiles
on the TON Diamonds website, and can then be withdrawn to a wallet.
Burning TON Diamonds NFT 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.
5. Roadmap
All utilities listed in Section 3 will be fulfilled during the current and the following years.
TON Diamonds Litepaper / Oct 2023 TON Diamonds
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6. Team
Vladimir Makhov
Founder of TON Diamonds
Co-founder of TON Apps, TON News
Ex-Head of VK Dating
Andrei Blinov
CPO of TON Diamonds
Serial tech entrepreneur
Senior Software Engineer
Tim
Senior Blockchain Developer
Maks
Senior Frontend Developer
Alexander
Senior Product Designer
Margo
Senior PR and Project Manager
Yana
Senior Community Lead
7. Community
Telegram Twitter Instagram
8. Disclaimers
Information provided in this litepaper is for general informational purposes only. The
content is not intended to constitute legal, financial, or professional advice. Please consult
with qualified professionals for advice tailored to your specific situation.
Investing in cryptocurrencies, NFTs, or any other digital assets involves risk, and past
performance is not indicative of future results. Make informed investment decisions after
thorough research and consider your risk tolerance. We do not endorse or recommend any
specific investments.
Regulations regarding cryptocurrencies and digital assets vary by jurisdiction. Ensure
compliance with your local laws and regulations before engaging in any activities related to
TON Diamonds Litepaper / Oct 2023 TON Diamonds
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cryptocurrencies, NFTs, or blockchain technology.
We provide this information "as is" without any representations or warranties, express or
implied. We make no guarantees regarding the availability, accuracy, or functionality of this
platform or its content.
GLINT issuance is organized by Glints Ltd, reg. no.: 238464, registered office: House of
Francis, Room 303, Ile Du Port, Mahe, Seychelles.
9. Representations and acknowledgements.
The user is purchasing GLINT for his personal use and not as a nominee, agent, or with the
intent of resale. The Buyer has no immediate plans to distribute the acquired Tokens.
Eligibility: The user is not a "United States person" or a person from an excluded country as
defined by Regulation S of the Securities Act. The Buyer is also not a citizen or resident of
any region where participation is prohibited by local laws or regulations.
Anti-Terrorism Compliance: The user is not acting on behalf of terrorists or terrorist
organizations, and they are not associated with individuals or entities listed on the List of
Specially Designated Nationals and Blocked Persons maintained by the U.S. Treasury
Department's Office of Foreign Assets Control.
Legitimate Funds: The funds used for purchasing GLINT do not originate from unlawful
activities, including money laundering or terrorist financing. The user commits not to
employ GLINT to support illegal activities and will adhere to anti-money laundering and
counter-terrorism financing regulations.
No Politically Exposed Persons: The user is not representing a politically exposed person or
senior figure within a government, senior official of a major political party, or senior
executive of a government-owned corporation. The user does not have any direct or close
associations with such individuals.
Compliance with Laws: The user affirms that their actions under this agreement will not
violate applicable laws, result in the breach of contracts, or impose liens or suspensions on
their assets or authorizations.
Tax Responsibility: The user is responsible for identifying applicable taxes related to
acquired tokens, as well as for withholding, collecting, reporting, and remitting these taxes
to the appropriate authorities. TON Diamonds does not assume any tax-related
responsibilities.
Non-Registration: The user acknowledges that no prospectus or disclosure document has
been registered with any regulatory authority or government body regarding GLINT.
TON Diamonds Litepaper / Oct 2023 TON Diamonds
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Tokens Not Securities: The user understands that tokens are not considered securities and
that their offer and sale have not been registered under any jurisdiction's securities laws.
Token Documentation: The user acknowledges that tokens may carry certain rights as
expressed in this Litepaper.
Ownership Rights: The user understands that owning GLINT does not confer any ownership
rights in TON Diamonds. These rights include but are not limited to stakes, shares,
securities, or entitlements to future revenue, unless explicitly outlined in this Litepaper.
TON Diamonds Litepaper / Oct 2023 TON Diamonds