4-1. Token System

NCOP's token system isa token system that is configured on the basis of the mainnet.

NCOP is centered on the NCOP token, which is the primary token, and consists of a structure that initially distributes the ski NFT and the Art NFT provided as a mega service together.

As the platform's underlying token, NCOP is distributed throughout the entire ecosystem and acts as the underlying digital asset.

When designing Tokenomics, circulating more tokens than necessary is undesirable because it can cause more confusion for investors or users than necessary. NCOP is designed to solve the utility problems of the NCOP ecosystem around the basic token.

l DAO Governance Coin

DAO Governance Coin: The NCOP token has the functionality of a DAO's governance token within the NCOP ecosystem. Governance function basically refers to the functionality used to propose an agenda within the DAO or to exercise the right to vote.

However, NCOP does not prevent the use of a separate token within the ecosystem as a governance token. However, given its expansion through strengthening the interconnectedness of the ecosystem, this method is not recommended.

l Incentives for activities in NCOP ecosystem (community)

In principle, the incentives paid by NCOP tokens as a reward for the activities of participants within the NCOP ecosystem are paid in NCOP tokens.

By paying incentives for various activities within the ecosystem to NCOP tokens, we will further increase the utility and activity of the NCOP tokens, and help maintain their value.

In addition, by unifying the incentives for various community activities into NCOP tokens, inter-community engagement activities can be activated, thereby resulting in a network effect.

l NFT Payment and Utility Features

Within the NCOP ecosystem, NCOP tokens are not only used as a payment method for NFT purchases, but also support the exchange of various utilities of NFT itself for NCOP tokens.

This support by NCOP is intended to give users more freedom to utilize the NFT's utility, thereby increasing the utilization of NCOP tokens at the same time as the liquidity of the NFT utility, which has the effect of preserving the value of both tokens at the same time.

Last updated