Initial Gem Distribution: Free Gems for Founder NFT purchase milestones
IMPORTANT: No Gems have been minted yet. Do NOT attempt to buy anything marketed as Guild of Guardian Gems until an official announcement has been made.
Gems are the in-game currency that will be used in Guild of Guardians. You can find out more information about them here:
Initial Gem Distribution
The team behind Guild of Guardians believe in the power of building a community. That is why we are working with Guardians Corporation to give away 275,000 Gems FOR FREE to anyone who buys NFTs in our Founder Sale. This represents ~1.4% of the max total supply, so it’s not an insignificant amount of the total Gems in the long-term scheme of our journey.
The reason we are doing this is to give something back to our early backers for free, and to be able to get Gems in the hands of as many users as possible! Eventually, these Gems will also be able to used as a voting mechanism for important game decisions.
We will likely never do a free Gem distribution like this ever again, so this is your best chance to get involved with the project.
How it works
- Anyone can buy NFTs in our founder sale. As purchases occur, we track the total amount that has been spent on NFTs.
- Upon reaching each total spend milestone, we will distribute Gem rewards to everyone who contributed to that milestone.
- The number of Gems each buyer receives will be proportional to their spend.
- In order to prevent users from ‘freeloading’ and waiting until the end of each milestone to purchase, we will award slightly more Gems to those who buy earlier in each milestone and slightly less Gems to those who bought just before the milestone was hit.
Give me the numbers!
$ milestone — # gems distributed
- $200,000 — 8,000 gems
- $500,000 — 10,000 gems
- $1,000,000 — 15,000 gems
- $1,750,000 — 22,000 gems
- $3,000,000 — 35,000 gems
- $5,000,000 — 50,000 gems
- $7,500,000 — 60,000 gems
- $10,000,000 — 75,000 gems
Within each milestone bracket, we will be awarding 38.5% of Gems to the first third of spend, 33% to the next third and 28.5% to the final third of spend.
Lets say that Guild of Guardians is currently at $500,001 in total sales
- You decide to buy $10,000 worth of NFTs
- Once the $1m milestone is achieved, you get a share of 15,000 gems
- However, your rewards are higher since you bought in the first “third” of the milestone:
- Your % contribution to first third of milestone: $10,000 / $166,666 = 6% of gems
- # Gems for first third of milestone: 15,000 gems x 38.5% = 5,775 gems
- Thus you will be eligible for 6% x 5,775 Gems = 346 Gems
This will all be tracked for you on our website. Note we will not be distributing these Gems until a later, unannounced date.
That’s it! This is our way of saying thanks to early backers.
See you at the Founder Sale.