Tokens provide incentives ant utility at different layers of the ecosystem, from purchasing resources, liquidity to rewarding early believers of a creator.
The protocol provides 3 layers of incentives and vested interest:
Layer 1: the $NCO platform coin is a scarce asset required to mint NFTs and Social Tokens
Layer 2: the stake pools which provides Social Tokens through an AMM that rewards early believers
Layer 3: the farm where Social Token holders earn yield by locking their Social Tokens
The $NCO Coin is the Platform Coin which is scarce.
For each staking event, a 10% fee is applied, which is redistributed as follows:
6% to the pool owner, who can be an app developer, a community or a content creator
2% to the DAO and block producers fund. Block producers need to claim their tokens for each day they were elected as validators.
2% to the farmers
Its supply is limited to 1,888,888,888 $NCO during the initial phase, and can be extended to its maximum supply of 8,888,888,888 $NCO.
Token distribution for the initial phase
Team and Advisors
Threshold coin offering
To reach its full maximum supply, $NCO has to be minted and sold on secondary market at prices above thresholds, with half of the reserve that can't be sold below $5.12
Price Threshold in USD
The $NCO supply is not inflationary beyond the max supply. Governance tokens and Social tokens requires $NCO staking to be minted, and will be burned when the equivalent $NCO is retrieved from the stake pools.