We’re now past September 21st, 2021, the unlocking date for the Team (15,000 NDS) and Marketing (15,000 NDS) token allocations! Nodeseeds would like to clarify our intent for these allocations and explain how our updated NDS tokenomics will benefit the Nodeseeds community for years to come!
How Time Flies
March 2021 — Launch
To contextualize the demand for Nodeseeds’ services, our public sale on Bounce Finance hit the hard cap of 120 ETH in a matter of minutes. Of the 100,000 NDS tokens minted at launch:
- 10,000 NDS were paired with ETH in the Uniswap Pool.
- 20,000 NDS were sold via the Public Sale via Bounce Finance.
- 15,000 NDS were reserved for the Team and locked for six months.
- 20,000 NDS were reserved for Marketing, of which 15,000 NDS were locked for six months.
- 35,000 NDS were allocated to the Community Reserve, from which 15,000 NDS were used for the initial liquidity mining program.
With 30,000 NDS tokens that unlocked on September 21st, we have decided to make a few changes to maximize the accrued benefits to all NDS token holders. The two key points:
1 — We will burn a total of 5,000 NDS tokens (2,500 from both Team and Marketing).
2 — We will then re-lock all Team and most of the Marketing NDS tokens for 30 months.
New Tokenomics
Team tokens
- A total of 15,000 NDS tokens allocated to the Team unlockeded on September 21st, 2021.
- We will burn 2,500 NDS tokens from this allocation.
- We will lock the remaining 12,500 NDS tokens for a period of 30 months with linear vesting.
- Therefore, no NDS tokens from the Team allocation will be distributed on September 21st, 2021.
2,500 NDS Team tokens burned.
Marketing tokens
- A total of 15,000 NDS tokens allocated to Marketing unlocked on September 21st, 2021.
- We will burn 2,500 NDS tokens from this allocation.
- We will immediately utilize 10% (1,250 NDS tokens) of the remaining Marketing allocation.
- We will lock the remaining 90% (11,250 NDS tokens) for a period of 30 months with linear vesting.
2,500 NDS Marketing tokens burned.
Private Sale Tokens
Nodeseeds conducted a small private sale of 2,000 NDS in March. Representing a mere 2% of the total NDS supply, this allocation was a special thank you to Fera.Strategies and Leonardo Noci, FERA CEO, for incubating Nodeseeds.
This small allocation was sold to twenty FERA Beasts holders at a 5% discount compared to the public sale price.
Public Sale Tokens
A total of 20,000 NDS tokens were sold during the Bounce.Finance public sale on March 26th, 2021, at a price of 1 ETH per 166.66 NDS, representing a public sale price of $10.50 per NDS token. From these public sale funds:
- We used 50% of raised ETH for Uniswap liquidity.
- We used 50% of raised ETH to invest in DeFi private sale rounds
Liquidity Mining
The Nodeseeds Liquidity Mining (LM) Program received an initial allocation of 15,000 NDS tokens, which are distributed to NDS-ETH LP tokens holders every week.
Due to the stunning success of the LM Program, we have decided to extend the program for an additional two years. Once the full amount of the initial 15,000 NDS tokens are distributed, we will deposit an allocation of 10,000 NDS tokens to fund the LM program. This additional period results in the LM Program running for three years in total.
We’re extending the NDS Liquidity Mining program for two years with an additional 10,000 NDS tokens, distributed weekly to ETH-NDS LP holders.
The remaining 5,000 NDS tokens will go to the Community Reserve token allocation.
Community Reserve
A total of 3,000 NDS tokens were set aside at launch as a Community Reserve fund. These tokens help to reward members, partners, and advisors who refer projects and help to grow the private group.
We will add an additional 5,000 NDS tokens to the Community Reserve, derived from the 15,000 NDS tokens unlocking after the one-year vesting period lapses. This additional allocation will continue to support the Nodeseeds community for years to come, benefiting those who refer projects and help grow the NDS community.
