NEARStarter Tokenomics

Hello NEARStarter Community,

In this article, we would like to dive deeper into the structure of the NEARStarted launchpad and tell you more about tokenomics and respond to any questions you may have.

This explainer also provides clarity on how the token distribution is intentionally designed to give the largest share of $NSTART tokens to you, dear members of the NEARStarter community.

The tokenomics of NEARStarter

Our $NSTART token is the fuel that fires the NEARStarter system, it has some incredible utility that will be expanded upon even further in the future, and will allow users to participate in our IDOs, as well as our staking and rewards mechanisms.

Initial circulating supply: 1,850,500 $NSTART

Initial market cap: $370,100

Total Supply: 100,000,000 $NSTART

Allocation tiers for our IDOs are dependent on the amount of $NSTART tokens staked by the user, and with multiple tiers available, access to our platform is available to the entire NEAR community. Institutional Investors, and anyone with significant amounts of $NSTART tokens staked, will gain access to unique institutional tiers, and pre-money access rounds.

In addition to our tier system, users will also be able to burn an amount of $NSTART tokens to obtain guaranteed access to a specific IDO — through this mechanism, the available circulating supply will be reduced on a constant basis. This feature will be available at some point after the initial launch of the platform.

A unique additional token will be available to our users, this token will be backed by all project tokens launching on NEARStarter, past, and future — effectively indexing the value of our platform.

$NSTART Token Economy (Token Utilities)

$NSTART token will bring its owners utility in a wide range of FMFW.io and NEARStarter products. These include:

FMFW.io Exchange

• Stakers gain access to Initial Offerings on the FMFW.io Exchange;
• Stakers get reduced trading fees and rebates based on their trading volume;
• Stakers get to vote for subsequent token listings and projects entering the incubator (governance);
• Stakers gain access to the premium high-yield staking pools;
• Part of the exchange profit will be used to burn the $NSTART token.

NEARStarter

• Allocation tiers are dependent upon the amount of $NSTART tokens staked;
• Users may burn a portion of their $NSTART tokens to obtain a guaranteed allocation for a specific IDO;
• Upon successful completion of an IDO, a burn of $NSTART tokens will occur;
• Pad stackers will also automatically farm the $NSTARTIndex Token which is backed by all IDO tokens;
• Institutional investors and stakers with significant amounts of $NSTART token will gain access to specific institutional-tiers and pre-money access rounds.

$NSTART token burning schedule:

$NSTART token burns will be carried out in accordance with the following halving schedule:

• Q1 of Operation: 50% of profits
• Q2 & Q3 of Operation: 25% of profits
• Q4 to Q8 of Operation: 12,5% of profits
• Q9 and every quarter after: 6,25% of profits

Welcome to the NEAR future

The NEARStarter team would like to welcome you to the beginning of our journey — one we hope the entire NEAR community will appreciate and take part in. NEAR Protocol has a promising future ahead of it and NEARStarter is here to make that future a reality.

We will be launching the most incredible projects in the blockchain space, forging long-term partnerships, and building the best community NEAR has ever seen.

Join the NEARStarter family on our socials below, and buckle up for the ride — this is going to be special.

About NEARStarter

NEARStarter is a next generation launchpad and tokenized incubator with full capabilities and resources to support the world’s best DeFi and Web3 entrepreneurs to hyperscale and launch their projects on the NEAR blockchain.

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