NTP Token distribution and economics

Gdansk, Poland, the 12th of April 2021 - The NFTOPIA core team is very proud to announce the details of its NTP token economics and distribution schedules.

NFTOPIA is a blockchain-based NFT hub, built on xDAI, designed for NFT artists and collectors. Our platforms aims to provide news, tools and resources for both NFT artists and collectors.

NFTOPIA will feature exciting NFT collections, commission exclusive collections for its platform and allow users to buy, sell and swap NFT’s for a fraction of the cost of existing platforms built on Ethereum Main Chain. Holders of NFTOPIA’s proprietary NTP Token will be eligible for airdrops and NFT drops.

When designing the token economics and distribution schedules, we were careful to structure the various buckets/outflows to maximize our impact and collaborative structures across the NFT ecosystem

When designing this system, we took to heart the lessons that our ecosystem painfully learned over the last few years; one key goal is to provide distribution and allocation across use cases and community infrastructure enabling perpetual support and longevity to all functions that make networks successful across phases of their development. Resilience, adaptability and decentralization are guiding values of our work.

This economic structure was built thanks to the guidance and direction of our closest partners and advisors, whose capabilities complement our core team, helping us make headway into new product focuses.

The distribution below spans over 10 years with distributions focused on ecosystem pillars and critical infrastructure to support long-term growth of network usage, and meet demand balances to ensure a verifiable and scalable liquidity base.

NTP token Overview

Name: NFTOPIUM
Symbol: NTP
Type: xDAI ERC20 Standard
Decimals: 18
Initial Circulating supply at launch: 1 000 000
Target Token Value: 1 NTP = 1xDAI
Circulating supply 2 years after launch: 2 000 000
NTP fuels the NFTOPIA platform. NTP, in addition to being a means of payment, can be utilized in a multitude of ways (Staking, Holding for rewards and airdrops).

NTP Token Distribution

Ecosystem development: 23.81%
Airdrop: 0.91%
Economic Metagame (Burn): 10%
Liquidity providers: 10%
Advisors: 5.68%
Technical Partnerships: 5.48%
Purchasers: 26.26%
Core Team: 17.86%

The NTP tokens are distributed into a number of tranches, designated for specific activities to benefit the network. These values and distributions are built into the core distribution contracts for automated deployment

We are very excited about the launch of our project, as we continue to see the global NFT community growing. We aim to stay true to our path and our core values: decentralization, community-focused, impactful technology that is aimed at improving the way NFT’s are adopted.

These token economics are the result of the careful analysis done over the past few months and reflect the ethos of the NFTOPIA team, its community and strategic participants