NuNet Community contribution round completed!

Kabir Veitas
NuNet
Published in
3 min readNov 17, 2021

Today was the big day — the day of the community token distribution round we have been anticipating and planning for months. Together with SingularityNET and SingularityDAO teams we’ve worked hard to bring you this launch — in order to enable the realization of our vision, with your support: designing technological roadmap, token economics, supporting KYC process, moving tokens for snapshots, learning together in the community forums — and today is the day it all paid off. This is just a start of the road and we are looking forward to embarking on it further with the our faithfull community — you!

Some statistics on the community contribution round:
- Total contributed — $2 million
- KYC’d participants — 2475
- Total contributors — 651
- Time to completion — 90 seconds 🏎️

Big thanks to all of you who have given your mandate to our project — and to our vision of a global economy of decentralized computing — as well as the path toward beneficial decentralized Artificial General Intelligence!

The number of people who completed KYC and the speed with which the contribution round was completed meant that some community members were not able to get in. We could have raised 3× as much in this round, and we want to reassure you there will be many more chances to become part of the NTX token holding community and further the SingularityNET ecosystem. For those that were unable to join this community contribution round, there is a public round upcoming as announced here, and the NTX token will be on Uniswap starting November 26th. The first vested tokens will unlock on November 26th as well, after claiming you’ll need to add the token as a custom token to your wallet. The NTX token address on Ethereum is 0xf0d33beda4d734c72684b5f9abbebf715d0a7935. Note that part of the NTX supply will be minted directly on Cardano blockchain.

Further, we will provide staking and farming pools on SingularityDAO, also starting November 26, immediately at the time of unlocking the first batches of vesting. More details about this will be announced before the tokens are unlocked.

We want to thank our partner SingularityDAO and express appreciation to the team. When we announced our partnership, we were hoping that SingularityDAO would provide DeFi services and expertise to help with the external tokenomics side of the NuNet platform. The launchpad was then just an idea on a whiteboard, quickly delivered as a professional product that supported the launch with no issues. This was the first token launch on the new launchpad, and there will be many more in the future! Today is a milestone not only for NuNet, but for the whole ecosystem, demonstrating to us, to our community and supporters the power of collaborative environment that we are building. Once again — this is just a start. Looking forward to the path that is in front of us.

Thanks for your incredible support that was shown today!

Warning on scammers

Be wary of scammers impersonating official NuNet or other ecosystem representatives to trick you into sending tokens to the wrong address. Our official sources are this blog, our website, Twitter, Telegram, and Youtube. Do not trust people reaching out to you claiming to be from NuNet. Admins will never message you first and of course never share your seed phrase with anyone or any website. You can find a full list of official Singularitynet ecosystem telegram admins here.

About NuNet

NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain. Find out more via:

--

--