The CEDEN MINT PASS NFT
The CEDEN Mint Pass NFT grants holders a free mint of the Keystone NFT nodes.
CEDEN Mint Pass holders will be granted exclusive access to all future NFT mints that occur within the EDEN content creation ecosystem.
This unique utility will allow the holder an allowlist spot for all games, PFPs and other NFT content built on EDEN where the developer opts into the CEDEN Web3 toolkit.
A total of 3,333 CEDEN Mint Passes were distributed via mint in Q1 2023.
333 of these Mint Pass NFTs will be held by CEDEN Network Ltd.
CEDEN Mint Pass NFTs have an MSRP (Manufacturer’s Suggested Retail Price) of 500 $USDC.
CEDEN KEYSTONE NFT NODES
The CEDEN Keystone collection, comprised of 10,000 Keystone NFTs, forms the foundation of the CEDEN NFT node network.
This collection includes seven rarity tiers:
- 1/1
- Mythical
- Legendary
- Epic
- Rare
- Uncommon
- Common
Keystone NFT Nodes earn 10% of all block ($CDN) network rewards while they are running the required minimum hardware and software, or leasing such services from CEDEN or another third-party provider.
Daily airdrop rewards
Keystone NFT Nodes are additionally airdropped CEDEN utility token ($CDN) as a daily reward over a four year period.
The $CDN Airdrop daily reward increases by rarity tier. This airdrop follows on-chain ownership and Keystone NFT Nodes are transferable.
Unique token IDs enable zero-knowledge proof identity for all NFT node network participants. Unique artwork for each NFT provides additional personalization for node operators.
The CEDEN Keystone NFT Nodes will be minted via a free mint for all CEDEN Mint Pass holders. The remaining supply will be minted for 500 $USDC.
3,333 Keystone NFT Nodes will be available to claim at no cost by holders of the CEDEN Mint Pass.
A total of 1,000 (10%) of the CEDEN Keystone NFT Nodes will be minted by CEDEN Network Ltd. in anticipation of running Keystone and Production nodes to provide a minimum degree of stability in the node network.
The remaining Keystone NFT Nodes will be sold via public mint for 500 $USDC.
CEDEN Keystone NFT Nodes have an MSRP of 500 $USDC.
CEDEN PRODUCTION NODES
The Production NFT Nodes are mintable by escrowing 500 $CDN tokens. Production NFT Nodes can be burned to recover those tokens.
Production NFT Nodes earn 90% of all block and network rewards while they are running the required minimum hardware and software, or leasing such services from CEDEN or another third-party provider.
Unique token IDs enable zero-knowledge proof identity for all NFT node network participants.
CEDEN Production NFT Nodes have an MSRP of 500 $USDC.
CEDEN TOKEN $CDN
The CEDEN utility token ($CDN) serves as proof of escrow for node operators who wish to service network content delivery needs and earn rewards. Node operators escrow 500 $CDN tokens in order to mint a Production NFT Node with a unique ID.
Production NFT Nodes grant the user the privilege to run the required hardware and software to earn block rewards and workload revenues.
NFT node operators provide a peer-to-peer(P2P) edge of network points of presence. These are used for content delivery, caching and data storage, handle routing, data service, and relay work.
In exchange, node operators receive a share of the block rewards and the contract rate revenue generated by the CDN services their nodes perform.
$CDN TOKENOMICS
The CEDEN utility token acts as the underlying unit of account for the CEDEN Network node ecosystem, and has three primary utility functions.
Held in Escrow
500 $CDN is required in escrow in order to mint a new Production NFT Node. In this function, $CDN acts as a proof of escrow requirement to ensure all network participants hold a measurable degree of participation in the network that is equitable.
The escrow requirement will adjust algorithmically over time to allow for exponential scaling of the network.
100% of all $CDN supply is distributed to Keystone and Production NFT Node operators ensuring that the utility token is entirely fair launched and mined by the community with no pre-mine of any kind. Thus $CDN acts as a reward incentive for active participation in the ecosystem.
It is expected that most CDN customers will pay for their data services in fiat currency, and as such, CEDEN shall collect these payments on behalf
of the network and purchase from secondary market sources $CDN tokens with 90% of that net revenue.
These tokens shall be distributed to the network in equal shares for active nodes in good standing. The remaining 10% shall be retained by CEDEN to cover operational expenses.
$CDN Launch Price
All nodes in the CEDEN ecosystem have an MSRP of 500 $USDC. As such, CEDEN shall seed secondary market liquidity pools on the first few days of network launch at a market price of 1 $USDC per $CDN.
This liquidity will come from CEDEN’s own node running operations and as such will need to be bootstrapped and expanded slowly as available supply allows.
$CDN Launch Market Cap
The market cap of the $CDN utility token begins at 0 $USDC as the network goes live and the token supply is projected to reach 191,780 by the end of the first full day of network operations.
$CDN Halving
Mining rewards are subject to a halving every three years from the genesis date.
SUMMARY
3333 CEDEN Mint Pass holders are entitled to:
- a free mint of a Keystone NFT Node
- exclusive access to all future NFT mints and airdrops
10,000 Keystone NFT Node holders are entitled to:
- a daily airdrop of $CDN over four years
- a share of 10% of each $CDN block reward (hardware and software required)
Production NFT Node holders are entitled to:
• a share of 90% of each $CDN block reward (hardware and software required)
