How to Buy Glow Tokens (GLW-BETA)
Navigating the Glow Token Purchase: A Simple Step-by-Step Guide
Glow is currently in a guarded launch phase and requires USDG (USDG-GLOW) for all transactions. For more information read: Why are GLW tokens in a Guarded Launch and what does it mean?
What is USDG?
USDG is a wrapped version of USDC (USD Coin) that operates on a 1:1 ratio with USDC.
You’ll need USDG (USDG-GLOW) to purchase Glow tokens (GLW-BETA).
Easiest way:
A website created by a trusted community member simplifies the process of buying Glow tokens from the Uniswap pool, making transactions easy and seamless. This platform handles the entire conversion process for you, seamlessly transforming USDC → USDG → GLW, so you can complete transactions effortlessly without any hassle.
Here is the link to the website: https://www.buyglow.xyz
Here a link to a video on how to use this website: How to buy Glow tokens in 3 EASY steps
Alternatively, there are two ways to get Glow tokens (GLW-Beta): Uniswap Pool or the Bonding Curve
Please note that GLW token prices differ between the bonding curve and Uniswap pool. Always compare options before buying.
The Uniswap Pool
Glow tokens (GLW) are also available for trading on Uniswap.
Step 1: You need to convert your USDC to USDG-GLOW:
Contract Address: 0xe010ec500720bE9EF3F82129E7eD2Ee1FB7955F2
Step 2: Once you have some USDG-GLOW, you can proceed to swap the USDG-GLOW for GLW-BETA:
Contract Address: 0xf4fbC617A5733EAAF9af08E1Ab816B103388d8B6
Link: https://app.uniswap.org/explore/tokens/ethereum/0xf4fbc617a5733eaaf9af08e1ab816b103388d8b6
The Bonding Curve
Glow uses a bonding curve to dynamically price and issue GLW tokens.
At launch, 12 million Glow tokens were placed into a solidity contract and sold using a bonding curve.
The initial price of GLW was set by the development team on the day of the launch.
As tokens are sold, the price increases continuously, doubling each time 1 million tokens are sold.
Step 1: You need to convert your USDC to USDG-GLOW:
Contract Address: 0xe010ec500720bE9EF3F82129E7eD2Ee1FB7955F2
Step 2: Use your USDG-GLOW to interact with the bonding curve and purchase GLW tokens
Important Note About USDG
Once you swap USDC for USDG, you cannot swap back through the standard route. Instead, there are two temporary solutions currently available for users who wish to convert USDG back to USDC:
Selling OTC to community members: users can sell GLOW tokens OTC directly to community members via Glow’s official Discord channel, using a trustless peer-to-peer platform, Sudowap. Here is a guide on how to do it.
Framework Ventures’ OTC Service: Framework Ventures, a key partner and investor in Glow, offers an OTC solution to swap USDG to USDC at a 1:1 rate. To access this service, users must complete a KYC process, and the minimum transaction amount is $5,000.
Useful Links
https://www.defined.fi/eth/0x6fa09ffc45f1ddc95c1bc192956717042f142c5d?quoteToken=token1&cache=a7bbb
https://etherscan.io/token/0xf4fbC617A5733EAAF9af08E1Ab816B103388d8B6
https://etherscan.io/token/0xe010ec500720be9ef3f82129e7ed2ee1fb7955f2