Glint Coin PriceGLINT

What is Glint Coin (GLINT)?

This article covers Glint Coin (GLINT), the utility token of the TON Diamonds NFT marketplace on the TON Blockchain (CMC ID 28327). It is not the same as BeamSwap (GLINT), a separate DEX token on the Moonbeam network.

Glint Coin (GLINT) is a utility token issued on the TON Blockchain by TON Diamonds, a curated NFT marketplace built for digital artists. According to CoinGecko, GLINT is described as a utility token from TON Diamonds, a curated NFT Marketplace for digital artists on TON Blockchain. The token launched in 2023 and is designed to enhance the TON Diamonds user experience by enabling NFT purchases, covering NFT trading fees, and granting DAO voting rights to decide on the listing of new or other NFT collections and artists on the marketplace.

TON Diamonds itself is a specialized platform that empowers digital creators to produce and sell their art as NFTs. Users of the platform become part of a private club through the TON Diamonds NFT Collection, which grants them priority access to new NFT releases created in collaboration with the TON Diamonds team. The total supply of GLINT is capped at 22,000,000 tokens, with 67% of the token reserved for distribution through farming, staking, and burning mechanics rather than direct purchase. The project is in an early stage, with the CMC team noting it has not verified the project's circulating supply, while the project self-reports a circulating supply of 5,185,154 GLINT.

Key Specifications & Tokenomics

• Name: Glint Coin
• Ticker / Symbol: GLINT
• Blockchain / Platform: TON (Toncoin / TON Blockchain)
• Token Standard: Jetton
• Contract Address (TON): EQCBdxpECfEPH2wUxi1a6QiOkSf-5qDjUWqLCUuKtD-GLINT
• Explorer: Tonviewer (https://tonviewer.com/EQCBdxpECfEPH2wUxi1a6QiOkSf-5qDjUWqLCUuKtD-GLINT) and Tonscan (https://tonscan.org/address/EQCBdxpECfEPH2wUxi1a6QiOkSf-5qDjUWqLCUuKtD-GLINT)
• Launch Date: October 4, 2023 (CMC listing: October 31, 2023)
• Total Supply: 22,000,000 GLINT
• Max Supply: 22,000,000 GLINT
• Self-Reported Circulating Supply: 5,185,154 GLINT
• Categories / Tags: Collectibles & NFTs, Marketplace, Toncoin Ecosystem, Art, DAO
• Official Website: https://ton.diamonds/glint-coin
• Whitepaper / Litepaper: https://nft.ton.diamonds/glint-coin-litepaper.pdf
• X (Twitter): https://twitter.com/TonDiamonds

The token distribution is structured as follows: 44% of the total supply (9,680,000 GLINT) is gradually distributed between TON Diamonds NFT holders through a farming mechanic during two seasons, with the first season running from May 31, 2023 to Dec. 1, 2023. 11% (2,420,000 GLINT) is released for trading on Decentralized Exchanges. 22% (4,840,000 GLINT) is dedicated to the team to support token development and promotion. 11% (2,420,000 GLINT) is reserved for burning TON Diamonds NFT through a special smart contract. 12% (2,640,000 GLINT) is reserved for staking rewards. This means 67% of the token will not be available for direct purchase and will instead be distributed through farming, staking, and burning mechanics.

Who created Glint Coin?

Note: GlintPay is a separate gold-and-silver platform that shares the Glint name; it is not confirmed to be the team behind the GLINT token on TON. The core development team of GLINT is not identified in available references.

The broader Glint brand, which includes GlintPay, lists Jason Cozens as Founder and CEO. He has 20 years of experience within the eCommerce, technology and digital marketing sectors, and previously founded digital agencies. He serves on the Board of Directors as CEO. Ben Davies is listed as former Co-Founder of Glint, and Haruko Fukuda is also listed among the team per a Tracxn company profile. GlintPay describes itself as a platform that lets users buy, save, sell and spend real gold instantly, turning gold into everyday money, with the ability to buy and sell gold 24/7 at competitive rates. The company has also launched a new silver wallet allowing users to buy, save, and sell silver. For its US expansion plans, UK-based Glint is partnering with Sutton Bank and Galileo Processing. Specific information about the core development team behind the GLINT token on TON is currently limited in public references.

How does Glint Coin work?

Glint Coin operates on the TON Blockchain as a Jetton token, which is TON's token standard. The token functions as the native utility asset of the TON Diamonds NFT marketplace. Holders can use GLINT to purchase NFTs on the TON Diamonds marketplace, cover NFT trading fees, and participate in DAO governance by voting on the listing of new or other NFT collections and artists on the marketplace. GLINT grants users purchasing power for newly released NFTs, and holders can exchange it for NFTs during events.

A key mechanic is the farming system, through which GLINT is distributed between TON Diamonds NFT holders across two seasons. The first season started on May 31, 2023, and continued until Dec. 1, 2023. Another distinctive mechanic involves burning TON Diamonds NFT: by transferring the NFT to a special smart contract, the holder instantly receives a certain amount of GLINT that the NFT is supposed to farm during the current farming season. The burned TON Diamonds NFT becomes the property of the TON Diamonds platform and will later be returned to the market. GLINT also serves as the asset for staking rewards, with 12% of the total supply reserved for this purpose.

What makes Glint Coin unique and valuable?

Glint Coin's primary distinction is its direct integration with the TON Diamonds NFT marketplace, a curated platform for digital artists on the TON Blockchain. Rather than functioning as a general-purpose currency, GLINT is tightly coupled to the NFT ecosystem, giving holders concrete utility in purchasing, fee coverage, and governance. The private club aspect of the TON Diamonds NFT Collection, which grants priority access to new NFT releases created in collaboration with the TON Diamonds team, adds a membership dimension to holding the token.

The tokenomics design is notable in that 67% of the total supply is not available for direct purchase and is instead distributed through farming, staking, and burning mechanics. This structure is intended to align incentives between NFT holders, artists, and the platform. The DAO governance component gives GLINT holders a voice in shaping the marketplace's curation, deciding on the listing of new or other NFT collections and artists. The NFT burning mechanic introduces a deflationary-style interaction between the NFT collection and the token supply, allowing holders to convert NFT farming rights into liquid GLINT. Third-party listings describe GLINT inconsistently, and some refer to unrelated projects sharing the same ticker.

What is Glint Coin used for?

GLINT has three primary functions within the TON Diamonds ecosystem. First, it is used for purchasing NFTs on the TON Diamonds marketplace, granting users purchasing power for newly released NFTs, and allowing holders to exchange it for NFTs during events. Second, it covers NFT trading fees on the TON Diamonds marketplace, making it the transactional asset for marketplace activity. Third, it grants DAO voting rights, allowing holders to decide on the listing of new or other NFT collections and artists on the marketplace.

Beyond these core uses, GLINT is reserved for staking rewards, with 12% of the total supply dedicated to this purpose. The token also interacts with the NFT burning mechanic, where transferring a TON Diamonds NFT to a special smart contract instantly yields a certain amount of GLINT that the NFT is supposed to farm during the current farming season. This gives NFT holders a path to convert their farming rights into liquid tokens. In the broader Glint brand context, GlintPay offers a related gold-as-currency platform where users can buy, save, sell and spend real gold instantly, and has launched a new silver wallet allowing users to buy, save, and sell silver.

How Is the Glint Coin ecosystem developing?

The GLINT ecosystem centres on the TON Diamonds NFT Marketplace, a specialized platform that empowers digital creators to produce and sell their art as NFTs. The TON Diamonds NFT Collection grants holders membership in a private club with priority access to new NFT releases created in collaboration with the TON Diamonds team. Governance is handled through a DAO, where GLINT holders vote on the listing of new or other NFT collections and artists on the marketplace.

Development milestones include the first farming season, which started on May 31, 2023, and ended on Dec. 1, 2023. A detailed description of the NFT burning mechanic was announced in Q4 2023. The token is available on the TON Diamonds DEX Aggregator, which includes DeDust.io DEX and STON.fi DEX. GLINT is listed on several price aggregators and decentralized exchanges. The broader Glint brand has expanded through GlintPay, which partnered with Sutton Bank and Galileo Processing to power its US expansion plans, and launched a new silver wallet. The project operates under a DAO structure, and community channels include X (Twitter) at https://twitter.com/TonDiamonds and a Telegram community.

How to mine Glint Coin?

GLINT is not mined through traditional proof-of-work. Instead, it is distributed through a farming mechanic between TON Diamonds NFT holders during two seasons. The first season started on May 31, 2023, and continued until Dec. 1, 2023. 44% of the total supply (9,680,000 GLINT) is gradually distributed through this farming mechanic.

Staking is another distribution channel, with 12% of the total supply (2,640,000 GLINT) reserved for staking rewards. Additionally, 11% of the total supply (2,420,000 GLINT) is reserved for burning TON Diamonds NFT. This occurs by transferring the NFT to a special smart contract, after which the holder instantly receives a certain amount of GLINT that the 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 later be returned to the market. A more detailed description of this mechanic was announced in Q4 2023. To acquire GLINT, users can also purchase it on the TON Diamonds DEX Aggregator, which includes DeDust.io DEX and STON.fi DEX.

How to keep your Glint Coin safe?

Since GLINT is a Jetton token on the TON Blockchain, it is held in TON-compatible wallets. Users should ensure they use wallets that support the Jetton standard, as referenced in the TON TEPs repository at https://github.com/ton-blockchain/TEPs/blob/master/text/0074-jettons-standard.md. Transactions and token holdings can be verified through Tonviewer and Tonscan.

As with all crypto-assets, investing in GLINT carries significant market risk, including extreme volatility and the potential loss of capital. Third-party sources have noted that the value of GLINT is not widely recognized by the market, and the token has retreated significantly from its all-time high. Investors must independently assess their financial capacity and are encouraged to consult professional advisors. Thorough research and preparation are essential given the uncertainties in the cryptocurrency world. Keeping private keys secure, using official and reputable wallets, and verifying contract addresses before interacting with any platform are fundamental safety practices. Users should also be cautious of phishing attempts and only use official links provided by the project, such as the official website at https://ton.diamonds/glint-coin and the X account at https://twitter.com/TonDiamonds.