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About Noggles
Key Points
- Noggles (NOGS) is a nounish coin created to push the boundaries of the ⌐◨-◨ meme.
- Launched on 04/07/2023, powered by Nouns Name Service (NNS) and future contributors.
- Total supply: 69 billion tokens, with 1.69% yearly inflation to support the project and ecosystem.
- Circulation supply managed by 4 contracts: NNS Team and Contributors (10%), Social Staking (50%), Proliferation Program (10%), Liquidity Pool (10%), and Ecosystem Fund (20%).
- Created by Nouns Name Service (NNS), launched in October
About Noggles
In the realm of cryptocurrency, Noggles emerges as a pioneering force, dedicated to empowering individuals and fostering a community that thrives on the principles of innovation, collaboration, and mutual growth.
Introducing Noggles (NOGS): A Comprehensive Overview
Noggles (NOGS) is a novel cryptocurrency conceived to propel the boundaries of the ⌐◨-◨ meme, thereby redefining its frontiers.
Launched on April 7, 2023, and powered by Nouns Name Service (NNS), with future contributions from other innovators, Noggles represents an experimental endeavour to cultivate a noun-centric economy, revolving around the proliferation of the iconic ⌐◨-◨ symbol.
In contrast to other meme coins, Noggles’ distribution doesn’t originate from a liquidity pool, but rather stems from the organic proliferation efforts of users worldwide.
Guided by this vision, half of the NOGS supply is reserved within a Social Staking contract, primarily designated to incentivize every NNS holder who incorporates their unique identifier as their Twitter handle.
A limited portion of the Social Staking allocation will be dedicated to open initiatives launched on Twitter, enabling non-holders to accrue modest amounts of $NOGS and integrate into the community.
Noggles also leverages an ecosystem fund and a proliferation program, designed to attract innovative projects, visionary artists, and skilled builders into the Nouniverse, incentivizing groundbreaking ideas and fostering collaboration among ecosystem members.
The Circulating Supply of NOGS: A Closer Look
NOGS was officially launched on April 7, 2023, with a total token supply of 69 billion. To sustain the project and its ecosystem, an additional 1.69% of the total supply will be issued annually, fostering a decentralized and community-driven approach. This yearly inflation will be seamlessly integrated into the Ecosystem Fund, ensuring a thriving and self-sustaining environment.
The circulation supply is governed by a quartet of distinct contracts, each playing a vital role in its management.
- The NNS Team and Contributors are allocated 10% of the total supply, with 1.38 billion tokens locked for 12 months, followed by a monthly unlock of 225,500,000 tokens for 24 months.
- Social Staking accounts for 50% of the total supply, with tokens gradually unlocked by users through this mechanism.
- The Proliferation Program is assigned 10% of the total supply, with 287,500,000 tokens released monthly for 24 months.
- The Liquidity Pool is allocated 10% of the total supply, with activation scheduled after the initial 3-month period.
- The Ecosystem Fund receives 20% of the total supply, with 2.76 billion tokens allocated after 4 months, followed by a monthly release of 225,000,000 tokens for 48 months.
It is worth noting that:
The inaugural distribution will commence via the Social Staking contract, although holders will not be formally recognized as such on the Explorer until they have successfully withdrawn their staked NOGS from the Social Staking contract to their personal wallets.
The Creators of Noggles (NOGS): An Overview
Noggles is a cryptocurrency born out of the innovative Nouns Name Service (NNS) ecosystem. Following its public launch in October 2022, NNS empowers users to craft their unique on-chain identities through the distinctive .⌐◨-◨ domain.
As of November 2022, NNS received backing and support from NounsDAO, paving the way for its expansion within and beyond the nouniverse. Boasting over 650 holders and a staggering 1,500 registered names, NNS has made history as the pioneering project to seamlessly integrate NOGS into its infrastructure, with ambitions to be one of many future contributors.
The vision for the Proliferation Program, in tandem with the Ecosystem Fund, is to foster a decentralized and collective ecosystem centered around Noggles, ultimately empowering individuals and communities in the long run.