Token Economics

$NBK token economics promote a fair distribution amongst the community and long-lasting growth to the value proposition for its holders. In the future, we might implement a governance system that will onboard users' proposals for supply burning and other related subjects.

Total Token Supply: 100,000,000 (one hundred million)

Token Distribution

AMM Pool (75%)

Out of the total supply, 75% will be pooled with FTM between Spookyswap (https://spookyswap.finance/), Paintswap (https://paintswap.finance/) and Spiritswap (https://www.spiritswap.finance/), with permanently locked liquidity. The private keys of the wallet used to create the pool will be destroyed to ensure that liquidity will be locked forever.

Staking & Farming (10%)

A dedicated wallet will be created and managed by Nova Bank, where all the staking and farming tokens will be housed. This wallet’s address will be shared in our website, and users will be able to closely track every transaction coming out of it, as well as the balance it holds, at all times. Nova Bank may decide to allocate part of its own treasury funds towards staking rewards, but it will never use this wallet’s balance for anything out of the purpose of its creation.

Donations & Grants (7%)

A dedicated wallet will be created and managed by Nova Bank to control our donations and community grants’ program. These funds will be allocated to artists, creators, developers, community leaders, partners, and supporters, to promote community activity, independent technological development and give back to the community.

R&D & Maintenance

This allocation will be managed by Nova Bank, and used to pay expenses related to the creation, marketing and maintenance of the token and the platform. This will also be used to fund research and development and promote innovation.

No allocation will be made to founders, creators, developers, or the team. Everyone wanting to hold a stake will have to purchase the tokens after the AMM pool is created.

Taxation

After a lot of consideration, we have decided that despite taxation has become common practice amongst a lot of crypto projects nowadays, this is not in line with our mission and values, and we have decided that our tokens will be freely transferrable between its holders, and there will be no tax or any cost involved with transacting it, aside from the unescapable gas fees – which as of now, are very minimal in Fantom Opera network.

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