@eriks

the $glyphs token is based on aligning incentives among prompt creators, ppl glyphing, and investors each time a glyph is minted on the app, 20 cents of the 25 cent platform fee will go to buy back and burn the glyphs token on the open market, the remaining 5 cents will go to cover metadata storage costs more mints = more market buys/burns 50% of the total supply has been allocated to a glyphs creator rewards fund, of which we will be distributing 1% of the remaining creator rewards fund supply each month to ppl actively using the app: of that 1% monthly rewards, 69% will go to the top prompt creators based on total number of mints using their prompts, 30% will go to the top minters based on the total number of glyphs minted, and 1% will go to the top ppl creating glyphs regardless if minted or not our goal: 1. usage of the app drives value to the token, and 2. glyphs users benefit the most from the app's success 🌱

2 replies

6 recasts

12 reactions