NonFiggybles is software allowing digital artists and creators to issue and sell custom crypto assets that represent ownership in their digital work. Of note; NonFiggybles is both a marketplace for those assets, as well as a distributed network built on Conflux Network that enables their trade without a middleman. The first and best-known example of NFTs is CryptoKitties, a game where virtual cats could be bought and sold. These NFTs could even “breed” with one another to create new cats with different attributes represented in their NFTs.
However, NonFiggybles is proof NFTs have since grown beyond virtual cats. Examples of NFTs found on NonFiggybles marketplace can be extended to include digital artworks, memes and even parcels of virtual land. All while offering users an experience similar to Web2 marketplaces with instant transaction finality and 0-gas using Conflux Network technology.
Central to the platform is $FIGGY, NonFiggybles native governance token. By owning $FIGGY tokens, users can vote on proposals that affect the platform, moderate creators and curate featured artwork, powered by Aragon.
One of the benefits we have over other competitors is that NonFiggybles will have 0-gas fees for minting, auctions, and all other functions of the DApp — not to forget about the instant transaction speeds. NonFiggybles will also be the first permissionless NFT marketplace on Conflux Network where all NFTs currently on-chain can have a central marketplace to access traders from the entire network. NonFiggybles will also be implementing a Cross-chain NFT bridge, and unique tokenized NFT indexes post-launch which we will break down further in a future Medium post.
$FIGGY Tokenomics + Airdrop
Introducing $FIGGY: The governance token of NonFiggybles, a token that will actively be used in the governance of the platform and utilized as a new incentive mechanism structure to the creators, buyers, and sellers that drive the platform's liquidity and volume.
Total Supply: 19,000,000 $FIGGY
Founding Team (4,750,000): This portion of funds is allocated to the founding team, allocated over a 2-year linear vest with funds locked in a multisig when not vested.
Airdrop (1,900,000): Tokens will be airdropped to users who have made a transaction on Moonswap as well as users who have interacted and made transactions with Flux, ConDragon, tSpace, and TrustDomains.
At the launch of the $FIGGY governance token, we will airdrop 10% of the $FIGGY supply to wallets from users across 6 different communities, protocols and initiatives. These are specific actions that those wallets have taken and the amount of their rewarded $FIGGY is proportionate to the size of the action.
How It Works
- You will have a 48 hour grace period from launch to claim your rewards. At that point, every 24 hours, 20% of your $FIGGY rewards will be redistributed to the treasury. That’s why it is critical that you claim your rewards as fast as possible! At the end of 5 days, there will be no more rewards left to claim, and the remaining balance will be sent to the treasury.
More details on who qualifies from the airdrop will be released closer to launch in a future Medium post.
Liquidity Mine (800,000): An initial deposit of 800,000 $FIGGY tokens will be placed into a Moonswap Liquidity mine for the $FIGGY/$cUSDT pair. This is to make sure there is enough liquidity for users looking to purchase the token on launch.
Marketplace Mining (7,600,000): Tokens will be allocated to users who buy, create, and sell NFTs on NonFiggybles platform.
A significant chunk of total supply is reserved for sellers and buyers on NonFiggyble marketplace, who will receive $FIGGY through weekly distribution according to weekly purchases and sales volumes.
Every week, tokens are distributed to counterparties who made a sale or a purchase on NonFiggybles during the week. Issuance takes place every Sunday for 200 weeks consequently. Both buyers and sellers equally receive 50% of the distributed amount.
We reserve a right to alter the Marketplace liquidity mining process to ensure that any potential attempts to fool the system and disrupt the fairness of the process can be eliminated.
Treasury (3,800,000): Treasury of tokens used for grants, marketing activities, and other future costs that can be incurred in the future.
Our ultimate goal is to evolve towards a Decentralized Autonomous Organization (DAO) built on Aragon, where all decision rights will belong to the platform users.
$FIGGY token, awarded to the active users of the platform, will act as the governance instrument; it will enable collectors and creators to vote on multiple upgrades and decide how the platform should develop further. This makes the governance of the platform directly responsive to our most active users and brings Non-Figgybles closer to being a public good operated by the community members who value it most.
$FIGGY token holder rights
I. Voting on system upgrades
II. Moderating creators on the platform
III. Curating featured artworks
IV. Treasury Management
We look forward to growing the NFT ecosystem with NonFiggybles and will be back with more details soon, in the meantime, you can follow and connect with us on our socials.
Twitter — https://twitter.com/figgybles
Instagram — https://www.instagram.com/nonfiggybles/
Discord — https://discord.gg/H3ZyRqkZ84
Email — firstname.lastname@example.org