Tokenomics
The total supply of NCN coins is capped at 3 billion coins. This fixed supply ensures that coin distribution remains predictable and prevents any ecosystem-wide inflation.
Creation of Coins: NCN coins are generated via the mining process, in which miners validate new blocks on the NeurochainAI network. As compensation for their contribution to the network's security and consensus, miners are rewarded with newly issued $NCN coins.
Distribution of Coins: The distribution of $NCN coins is conducted primarily through centralized exchanges (CEX) as part of the company's efforts to raise capital. Following is the breakdown of token allocation:
Ecosystem: 40% with 15% unlock on TGE and vesting on a daily basis for 365 days. The rest unlocks at the start of new coin mining. Reserved to NCN Chain validator network.
Foundation: 20% with 0% unlock on TGE, 6 months cliff, 24 months vesting after cliff. Allocated to fund the development, operations, marketing, and growth of NeurochainAI.
Team: 15% with 0% unlock on TGE, 9 months cliff, 24 months vesting after cliff. Allocated to key team members who are the drivers of the NeurochainAI platform, community, and growth.
Investors: 6% with varying unlock on TGE from 10% to 0%, 2 - 6 months cliff, 10-12 months vesting after cliff. Allocated to strategic investors before and after the launch to attract the right attention, increase brand awareness, and onboard the initial community.
Partnership Reserve: 6% with 0% unlock on TGE, 12 months cliff, 24 months vesting after cliff. Allocated to strategic partnerships that are fundamental in building NeurochainAI.
Initial Liquidity: 5% with 50% unlock on TGE, 0 months cliff, 6 months vesting after cliff. Allocated to incentivize and reward active NeurochainAI ecosystem participants.
Liquidity Reserve: 5% with 0% unlock on TGE, 6 months cliff, 18 months vesting after cliff. Reserved for any unforeseen matters to help with platform development and growth.
Advisory: 3% with 0% unlock on TGE, 12 months cliff, 24 months vesting after cliff. Reserved to attract high-profile advisors with relevant experience in the fields of AI, infrastructure, business development, and key partnerships.
While NeurochainAI does not conduct an ICO or IDO, the project intends to hold an IEO on select centralized exchanges. The IEO will provide an opportunity for interested participants to acquire $NCN coins directly from the exchanges.
More importantly, staying true to a fair launch approach, NeurochainAI has created plenty of opportunities for the community to get NCN credits before TGE. NCN credits collected as part of platform activities before TGE will convert to $NCN coin upon TGE at a ratio of 1:1.
$NCN is the native coin of the NeurochainAI platform and is the main currency for all the processes used to:
Process all transactions and state changes on the blockchain.
Cover incentives and gas for AI inference and training network.
Enable building and deploying of smart contracts and decentralized applications (dApps).
Run and interact with blockchain applications by users and developers.
Coin Burning: Since this is an EVM blockchain, it has a built-in burning mechanism, making the early-stage pre-minted supply deflationary by default. Thus, NCN is burnt like ether until mining starts with the launch of a training network when new coins are produced on blockchain by providing authoritative proofs from AI validators within mining blocks.
Governance: Currently, there is no governance policy for the NCN community outlined in the whitepaper. Nonetheless, the Neurochain AI team may consider implementing governance mechanisms in the future to enable community participation in decision-making processes and to ensure the decentralized and inclusive nature of the project.
Exchange Listings: Neurochain AI is actively pursuing potential listing opportunities for the $NCN coin on various cryptocurrency exchanges. Discussions have taken place with exchanges such as Kucoin, Gate.io, Bitfinex, BitGet, OKX, Whitebit, Bithumb, and MEXC. These exchange listings are intended to increase token liquidity, broaden token accessibility, and expand trading opportunities for users and investors.
Interoperability: More than gas, $NCN can be used in DeFi solutions through Wrapped ERC20 implementation (DEX, Lending, and similar). This enables interoperability between the NeurochainAI ecosystem and other chains, allowing for the transfer and interaction of assets across networks.
Staking: $NCN is used as a staked asset in the proof of stake AI validator network to relay and validate worker messages. It is also used as a staked asset in early staking contracts to incentivize early adopters through an airdrop point system.
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