Tokenomics
Disclaimer: This litepapper should be considered a work in progress and can be updated without further notice
The information about the $NORT tokens distributions you can find in the table below. Information may change closer to the release date of the project on the main network. Contract adress: 0x126d1Bb742dB93C28E9E21388977324EE2251b50
Token Distribution allocations and their percentages
Player Rewards
125,000,000
25%
Community Rewards
125,000,000
25%
Team
100,000,000
20%
Reserve
75,000,000
15%
Private Sale
40,000,000
8%
Public Sale
35,000,000
7%
Total amount
500,000,000
100%
IDO price
$NORT token price will be fixed at $0.008 per token
Funding rounds
coming soon
Early adopters
12% of the total supply (120,000,000) of gems is reserved for sale. Of the total amount, 6% will be through a private sale and 6% for a public sale to the community to encourage its early growth and allow for early voting on the direction of the game or features. The private sale tokens will be unlocked over a period of 30 months, with a 12-month break.
Team
100,000,000 coins will be allocated to to the game development team.
These will unlock over 48 months with a 8-month cliff to incentivise long-term growth.
Player Rewards
A rewards pool containing 125,000,000 coins will be established to distribute coins to players based on certain gameplay behaviors. A set number of coins will be released daily from a secure system and distributed to players who were active during that period and meet the reward program criteria.
The specific criteria may change over time and the goal is to reward dedicated players for their level of engagement.
Examples of incentivized behaviors include playtime, account level/character progression, account history, and completion of daily quests. The rewards will be used to summon heroes and craft equipment and will be unlocked over 48 months following the game's launch, estimated to occur in 2023.
Community Rewards
A discretionary rewards pool containing 125,000,000 coins, called "Community Rewards," will be distributed to the community at the discretion of the game's creators. 80,000,000 coins will be made available immediately, with the remaining tokens being distributed according to the game's roadmap.
Benefits of the discretionary pool include:
Rewarding activities that are difficult to quantify but add significant value to the game and game economy, such as referring friends or managing the community, which makes the game better not just for its regular players but for the entire network.
Allowing for adjustments to the rewards distribution approach to make the game as successful as possible.
In the long term, the allocation of discretionary rewards will likely be decentralized so that Gem holders can vote on what rewards they would like to see.
Examples of discretionary rewards include:
Liquidity mining
Referrals
Content creation and community participation
3rd party development
Partners and advisors
Competition rewards
Reserve
Nortonium will hold 75,000,000 coins, of which 25,000,000 will be immediately available in a Corporate treasury. The company plans to use some of these tokens for liquidity pools and other corporate purposes. The remaining tokens will be unlocked over a 48-month period, with a 8-month cliff.
This means that the tokens will be released gradually over the 48-month period, with the first 8 months of the period having no tokens being released. This strategy allows Nortonium to use the tokens strategically and manage their release to maximize their value and benefit for the company.
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