$NFTY Token Transparency Report
*Disclaimer* NFTY worked hard to be as accurate as possible; however, some data may be out of date or inaccurate
It’s been a great year at NFTY — the success of the token is immeasurable, here are some of our top Milestones reached:
We wish to promote network openness as the NFTY Network becomes more decentralized, and believe that the best way to do so is to visualize NFTY’s evolution as a chapter book. Today, we will begin with Chapter 1, which runs from September 29th, 2021, to April 1, 2022. (End of Q1).
Because markets are inherently unpredictable, it is difficult to forecast emissions precisely, but one significant constant can be exclaimed: the token release timetable, which cannot exceed 88NFTY per Ethereum block. This means that the remaining 1billion locked tokens, totaling 1.456 billion, cannot be released faster than 58 months from now, but they can be released more slowly.
Due to our smart contract’s innovative design, token emissions will never exceed 88NFTY every Ethereum block, and if the network chooses to curb emission, tokens will never be issued quicker. As things stand now, the remaining un-emitted tokens will be issued no sooner than February 2027. This long-term approach provides ample opportunity for the NFTY Network to grow and decentralize, demonstrating NFTY’s commitment to long-term time phases.
As of right now, the NFTY Circulating Supply is approximately 400 million, the Total Supply is 509 million, and the Max Supply is 1.456 billion. As noted previously, NFTY emissions will begin around April 1st and will continue until all 1 billion tokens are released, with a major chunk of the tokens emitted going straight to NFTY stakers, directly benefiting present NFTY holders.
Total Max Supply: 1,456,240,353
Total Supply: 509,684,123
Circulating Supply: 400,000,000~
We look forward to the continued expansion of NFTY decentralization, which may include forays into Bridges, Swaps, the NFTY Blockchain, NFTs, Pools, and Staking.
That concludes our discussion for the time being and we’ll see you at Chapter 2. Thank you!
About NFTY Labs
NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.