Noggles price

NOGS

#2059

NOGS has been launched in 04/07/2023 with a total supply of 69 billions of tokens. 1.69% of additional supply will be issued every year to support the project and the communities in its ecosystem. This yearly inflation is expected to be completely decentralized and incorporated into the Ecosystem Fund.

The circulation supply is managed by 4 different contracts:

• NNS Team and Contributors: 10% (1.38B locked for 12 months, then 225,500,000 unlocked per month for 24 months)
• Social Staking: 50% (gradually unlocked by users through Social Staking)
• Proliferation Program: 10% (287,500,000 per month for 24 months)
• Liquidity Pool: 10% (activated after the first 3 months)
• Ecosystem Fund: 20% (2.76B after 4 months, then 225,000,000 per month for 48 months)

One thing to be noted:

The initial distribution will start from the Social Staking contract, but holders won't officially appear as such into the Explorer until their staked NOGS have been withdrawn from the Social Staking contract into their wallets.

Noggles is a coin created by Nouns Name Service (NNS). Launched to the public in October 2022, NNS allows users to create their onchain nounish identity through the .⌐◨-◨ domain.

At the end of November 2022, NNS was backed and supported by NounsDAO to push its expansion in and outside the nouniverse. With more than 650 holders and more than 1.5k names registered, NNS is the first project to integrate NOGS into its infrastructure, with the goal to be just one of many other future contributors.

The vision for the Proliferation Program, combined with the Ecosystem Fund, is the creation of a decentralized and collective building around Noggles that is able to truly empower individuals and communities in the long term.