NNC token allocation and NNS development plans
NNS
NNS is a distributed domain name system based on NEO. After more than half a year of development, it has been deployed on the NEO Testnet, and its Mainnet version launch is around the corner.
The NNS community is a technology-oriented, open and collaborative community. To make NNS more transparent, we would like to explain the token allocation plans and our development plans in details to the NNS community.
NNC is a dividend-generating token, with a total supply of 1 billion, and its first year circulation will be 35%, which is mainly divided into three parts:
Project development: 15%
It’s mainly used for marketing, development bounty program, eco-system building, community building and so on.
Domain mining: No more than 10%
In order to encourage users to register .neo domain names, we will conduct the domain mining within 1–2 weeks after the Mainnet version NNS is launched. Domain mining mean after the user bids for the domain name, the NNS Council will give away the corresponding proportion of NNC to domain name winners based on the GAS they spend. The specific proportion will be announced before Mainnet version NNS is launched.
Early investments: 10%
Early investment will be unlocked in four equal installments by a 3-month interval. The first installment will be unlocked when NNC is listed.
The remaining 65% will be locked and begin to be unlocked in the second year according to the further development of the project, NNC will be unlocked no more than 15% per year.
Future development plans include:
At the moment, our main focus is to further improve the NNS contract and improve the client architecture to fix some bugs found in the current testing and speed up contract deployment on the NEO Mainnet as soon as possible.
The NNS community always maintains a technology-driven, open and shared attitude. You are welcome to join the NNS community to create and share value.
Please follow NNS socials:
NNS website: https://neons.name/index_En.html
NNS twitter: https://twitter.com/NeoNameService
NNS GitHub: https://github.com/NewEconoLab/neo-ns
NNS Telegram: https://t.me/forneonameservice
