Listen token or $LSTN is the the utility token for the Listen Collectibles Auction and Shop.
Token holders who stake their $LSTN on the Auction and Shop platform will receive various benefits, including:
Stake for access:
- The right to bid for the Star Creative Artist’s NFTs in the monthly auctions which are only open to $LSTN holders; the more tokens you hold, the better access you get.
- For a chance to receive free common drops.
- To buy exclusive rare NFT drops.
- A vote for the winners of The Listen Creative Arts Awards.
- A free ticket for the global streaming of Listen Live Plus on June 22nd 2022 if you hold over 10,000 $LSTN (for the 30 days preceding June 15th 2022).
- Automatic entry into a lottery to win two “Private View” tickets to watch the whole of “Listen Live LA” involving at least 28 Star Musician, 12 Film Stars and world leaders on Monday, June 20th, 2022 at the LA Coliseum, whilst dancing and having a banquet on the field, with the stars, their friends and families. $LSTN holders allocated 100 tickets.
Stake for discounts:
- ‘Silver Badge’ status for every 250,000 to 499,999 $LSTN staked for 30 days, entitling the user to a five percent discount on their purchases in the Listen Collectibles Auction and Shop.
- ‘Gold Badge’ status for every 500,000 + $LSTN staked for 30 days, entitling the user to a ten percent discount on their purchases in the Listen Collectibles Auction and Shop.
Stake for rewards:
Listen Points - the accrual of Listen Points (Listen Points are the loyalty reward system of the Listen Campaign and provide each holder with exclusive benefits and prize entries, including discounts on tickets, merchandise and Pay Per View streaming):
- Users who “stake” 5,000 $LSTN on the official Auction and Shop site will earn 100 Listen points per month (per 5,000 $LSTN staked).
- Users who purchase Collectibles in the Auction Site and Shop will be rewarded with Listen Points.
$LSTN Staking Rewards:
- Fixed Staking Rewards - 80-days at 80% APY, 60-days at 60% APY. (Conditional on token price)
- Liquidity Pool Staking
- Ongoing Community Reward Staking (funded by 5% NFT resale royalty)
