🔸Q: What is the lottery system in V2?
🔹A: We have 2 lotteries, a daily $100 lottery and a $10K lottery for the life of the contract.
Daily $100 BUSD -hold $20 worth of GLOW V2 at the time of drawing
$10K BUSD -hold $50 worth of GLOW V2 at the time of drawing
🔸Q: Can I manually claim my rewards?
🔹A: Yes, you can manually claim BUSD rewards, if you don’t want to wait for them to be sent. You can send 1 GLOW V2 token to yourself to your wallet.
Manual claims incur gas fees. If you wait for the delivery of the automatic rewards, then gas fees are covered.
We are in the process of updating our Dashboard DApp to include a claim button to facilitate this function.
🔸Q: Why haven’t I received any BUSD dividends yet?
🔹A: The dividends reward function is based on the daily trade volume of GlowV2 and the % of GlowV2 funds you hold in your wallet. The distribution of the dividends rewards is automatic and manual claim function is optional. GlowV2 as the value for distribution must exceed $1 in value and gas fee of 750000 Gwei will need to be covered before the funds are automatically delivered.
🔸Q: Is the GLOW V2 transfer tax staying at 0?
🔹A: Yes, there is not a transfer fee to move the tokens from one wallet to the next. You will still be responsible for the gas fee to transfer your tokens.
🔸Q: What is the difference between a rebase and Buy Back & Burn?
🔹A: GLOW V2 is a Buy Back & Burn contract. Both functions will effectively reduce the overall supply of a token. With rebase, it would reduce the entire token supply by a given % or # of tokens even pulling tokens out of all the holder wallets to reduce the overall supply. Historically, these actions cause panic to holders that are not familiar with the concept of a rebase token. If not done correctly, it could be detrimental to the holders as users not understanding the function and seeing missing tokens from their wallets would panic sell thereby reducing the value of the overall tokens.
With buybacks and burns, we will be using free liquidity to repurchase GLOW V2 tokens to send them to the burn wallet without affecting individual holdings. This removes the tokens from the overall circulating supply, resulting in the improvement of the token value.
🔸Q: Can I sell my old V2 tokens?
🔹A: The trade function has been disabled for the old V2 tokens. You can choose to send the tokens to the burn wallet 0x000000000000000000000000000000000000dead
Presale (Owner) wallet – 0x34C5eFCF37e90778c8EA9e651509D1137550a6a4, or choose to simply delete and hide the old tokens in your wallet. The old V2 tokens will not have any value. Any new developments and trades will be on the latest contract address.
🔸Q: What are additional incentives for holding?
🔹A: Periodically, we will announce Glow Day events where we will have a reduced tax when buying GlowV2 for 24 hours!