NFTY Tokenomics Chapter 2: Scarcity

We Are Increasing Market Liquidity

Total Max Supply: 1,456,240,353

Total Supply: 509,684,123

Circulating Supply: 400,000,000~

With the new token updates, we will deploy a smart contract upgrade that distributes more liquidity as part of the non-circulating supply to the following four designated Gnosis multi-sig wallets:

Each wallet address receives 25% of the distributed liquidity. The maximum number of tokens that can be released is 88 NFTY tokens per ETH block (6400 blocks a day), making the maximum daily emissions around 563,200 (88*6400).

The newly released liquidity will be used further to advance the different parts of our wonderful ecosystem. This will also ensure that the $NFTY token remains liquid in order to accommodate growing adoption. We’ve got tons of exciting news in store!

Chapter 2: Scarcity

With that said, we have reduced our staking incentives by 30% in an effort to increase the value of the $NFTY token. Staking benefits will be reduced in order to usher in Chapter 2 of the NFTY Token, which is all about scarcity. By lessening the number of tokens being released through staking, we critically avoid dilution of the token as we turn on minting. As the $NFTY token develops and evolves into the ideal utility token for the whole NFTY product suite, we look forward to developing more and more strategies to benefit longer-term investors.

We appreciate all of your support thus far and are eager to give our $NFTY token holders a special experience.

About NFTY Labs

NFTY Labs is a Web3 Incubation Studio 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.

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