NonFiggybles native governance token $FIGGY will be a fairly distributed token that will be used actively in the governance of the platform and utilized as a new incentive mechanism to encourage new artists and collectors to the platform. The initial distribution will be through an airdrop that will be sent to active members of the Conflux Network ecosystem (exact details to follow shortly). Shortly following the airdrop, a 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. The distribution process will also allocate $FIGGY to users who buy, create, and sell NFTs on NonFiggybles platform 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. Both buyers and sellers equally receive 50% of the distributed amount. NonFiggybles hopes to have a strong family, supportive and enthusiastic community. Soon it will be time to get this governance up and running.
Ultimately the goal of Nonfiggybles is to evolve into a fully Decentralized Autonomous Organization (DAO), where all governance and decision rights belong to the platform users and $FIGGY token holders. If users would like a new feature or have a vision of how to improve the platform, this will be 100% possible through the DAO.
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. $FIGGY will be utilized as a new incentive mechanism structure to the creators, buyers, and sellers that drive the platform's liquidity and volume. By owning $FIGGY tokens, users can vote on proposals that affect the platform, moderate creators and curate featured artwork.
Allowing creators and collectors the opportunity to propose and vote on platform upgrades, will help make sure that the platform becomes respectable, and 100% responsive directly to its community members. If the community has anything to share or collaborate on they’d have a chance to do so through governance.
Keeping in mind the goal which is to make the platform better. Thinking it through and offering constructive arguments & feedback will make for a more cohesive and involved community.
To make sure of all openness to the identity of NonFiggybles by showing holdings in governance proposals. We hope to create a seamless profile system with easily flowing features which we hope to mention names and the number of tokens held.
Where to start
- NonFiggybles Discord is for support, themed discussions, and initial development ideas. We recommend sharing ideas & discussing questions here first, before submitting a proposal.
Ideas and discussions will always be welcomed in every channel of discussion, but keep in mind that eventually, every discussion has to be moved to NonFiggybles Governance to be considered as a proposal.
NonFiggybles will be back with more details on the airdrop, IDO, liquidity mine and more details on the marketplace 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 — email@example.com