About The Program
The GARDIAN incentive program is a program designed to reward GARD Protocol participants for participating in the protocol from day one. The GARDIAN token is a loyalty token that will be later redeemable for the GAIN token (the future governance/value accrual token of the GARD Protocol) on or before April 15, 2025. The GARDIAN token is necessary to enable the founding team to distribute ownership in the protocol before releasing the GAIN token. This distribution of GARDIAN will help ensure that the protocol’s earliest supporters have a stake in the protocol’s future success and will help decentralize the protocol more quickly.
There will be a total of 1,000,000,000 GARDIAN tokens minted that will be equivalent and later convertible to 5% of the total GAIN token supply (100,000,000 tokens). These tokens will be distributed by our protocol and other ecosystem partners to promote the growth of the GARD Protocol and broader Algorand community while making a commitment to decentralizing our protocol from day one. If more GARDIAN are minted in the future to fulfill the same purpose, they will be redeemable for GAIN at the same ratio. Also, if our protocol decides to discontinue the incentive program all undistributed GARDIAN will be burned and distributed GARDIAN will become immediately convertible.