🗝️NEROX Tokenomics
5.1 NEROX Token Fundamentals 5.1.1 NEROX Name and Symbol 5.1.2 NEROX Token Blockchain Infrastructure 5.1.3 NEROX Token Standard 5.1.4 NEROX Smart Contract Details 5.1.5 NEROX Integrations 5.2 NEROX Supply and Distribution 5.2.1 About AirDrops 5.2.1.1 For Neurolauncher NFT Holders 5.2.1.2 zkStrike Reward & AirDrop 5.2.1.3 dApp Staking V3 AirDrop 5.2.1.4 Firolauss TXS AirDrop 5.2.2 About Fundraise and ICO 5.2.3 NEROX Vesting 5.2.4 NEROX Inflation 5.3 NEROX Staking Mechanism 5.4 NEROX Burning Mechanism
5.1 NEROX Token Fundamentals
The tokenomics of Nerox, in the Neurolanche ecosystem, is carefully designed to balance growth with sustainability. Central to its structure is an initial supply complemented by a managed inflation rate, ensuring the token meets the evolving needs of the ecosystem while maintaining its value.
Integral to Nerox's tokenomics is the introduction of airdrops, a strategic tool to boost early adoption and engagement within the Neurolanche ecosystem. Airdrops help in widening the token's reach and fostering an active user base, which in turn stimulates the network's vibrancy and growth.
In addition to airdrops, Nerox incorporates a staking mechanism, a crucial feature that contributes significantly to the ecosystem's health and the token's economy. Staking allows token holders to lock up their tokens to support the ecosystem. In return for their commitment, stakers receive rewards, typically derived from the inflation pool. This not only incentivizes long-term holding and active participation but also helps in regulating the token's circulation, adding another layer of stability to its economy.
Nerox's utility within the Neurolanche ecosystem is multifaceted, enhancing its demand and usage. As a transactional medium, it facilitates access to various services and applications on the platform. The utility of Nerox, coupled with the incentives provided by staking rewards and airdrops, drives its intrinsic value and underpins its importance within the ecosystem.
The combination of initial supply, managed inflation, staking rewards, and strategic airdrops ensures that Nerox remains integral to the Neurolanche ecosystem's growth and evolution. This balanced approach caters to the needs of both new users and existing token holders, ensuring Nerox's relevance and utility as the platform expands and diversifies.
5.1.1 NEROX Name and Symbol
Token Name: Neurolanche Token Symbol: NEROX Neurolanche token will be represented in the cryptocurrency markets by the symbol "NEROX". This symbol has been carefully chosen to reflect the innovative and technological identity of Neurolanche X Labs. The use of NEROX as an abbreviation is strategic to both increase brand awareness and ensure easy recognition on exchanges and trading platforms. NEROX is designed as a versatile utility token within the Neurolanche ecosystem, enabling users and investors to trade swiftly and effectively, while also serving as a key payment and transaction tool across various projects and applications within the ecosystem.
5.1.2 NEROX Token Blockchain Infrastructure
NEROX will be developed to be located on a ZK-EVM compatible infrastructure on Astar Network. ZK-EVM technology is a variant of Ethereum virtual machine that prioritizes privacy and scalability. This technology allows the Neurolanche token to work in full compatibility with Ethereum-based applications and at the same time benefit from the extra features offered by the Astar Network. Thanks to this infrastructure, NEROX token users can benefit from advantages such as lower transaction fees and fast confirmation times.
5.1.3 NEROX Token Standard
NEROX will be developed in line with the widely recognized ERC-20 protocol standards and situated on Astar Network's ZK-EVM infrastructure. This blend guarantees full compatibility with the Ethereum ecosystem, enabling the token to leverage the scalability and privacy enhancements of ZK-EVM. The ERC-20 compliance of Neurolanche ensures its seamless integration with a broad array of wallets, including those commonly used by the crypto community, such as web-based wallets for ease of access.
Moreover, this compatibility extends to various exchange platforms, ranging from major centralized exchanges known for their high liquidity and trading volume, to decentralized exchanges which offer the benefits of reduced counterparty risks and increased user control. For developers, the ERC-20 standard opens up opportunities for easy incorporation of NEROX into existing and upcoming blockchain projects, such as DeFi protocols where it could be used for liquidity pools, or lending platforms where it might serve as collateral.
5.1.4 NEROX Smart Contract Details
The smart contract of the Neurolanche token will be developed in accordance with high standards of security and efficiency. Since the ERC-20 protocol is a widely audited and tested standard in the industry, the Neurolanche token contract is also expected to operate effectively within this proven security framework. Planned security audits will be carefully conducted to identify and eliminate any vulnerabilities and will be completed prior to the token's launch. This approach is critical to ensure the trust of investors and users and to guarantee the safe use of the Neurolanche token.
5.1.5 NEROX Integrations
The integration of the Neurolanche token in the ecosystem is meticulously planned to enhance user experience and increase token accessibility. NEROX will be integrated with a variety of popular wallets compatible with Ethereum and ZK-EVM, enabling users to securely store and easily conduct their transactions. Additionally, the aim is to integrate NEROX with various crypto trading platforms and financial service providers, which will boost the token's liquidity and accessibility for users.
Neurolanche token is also designed to be compatible with diverse DeFi (Decentralized Finance) applications and dApps (Decentralized Applications). Developers will be able to utilize NEROX in their projects, such as payment systems, in-game assets, or digital art transactions, thanks to technical documentation and API support. These integrations are set to increase the practical use of NEROX, thereby enhancing its value and appeal. Furthermore, solutions are being considered during the development process to facilitate NEROX's interactions with other blockchain networks. This comprehensive integration strategy is aimed at expanding the use cases of NEROX within blockchain-based applications, creating new utility scenarios for the token.
5.2 NEROX Supply and Distribution
NEROX token, possessing significant utilities, is set to illuminate our lives in the modern Web 3.0 world, intersecting with trending domains such as GameFi, AI, and Metaverse. Neurolanche X Labs has determined the supply of NEROX token, considering both psychological and mathematical factors, for its usage across seven diverse projects.
The total supply of NEROX token is set at 10,000,000 units. Additionally, the token will have an annual inflation rate, specifically designed for the reward mechanism in Astar Strike and for NEROX stakers. The primary reasons for this are to ensure the token's sustainability and to maintain a healthy economy within the ecosystem.
Note: Academic research on the inflation rates is ongoing and will be updated on January 31, 2024. An annual inflation rate of 10-15% is expected. Given the seven different projects and burning mechanisms, this rate is expected to be indirectly reduced.
Distribution of 10,000,000 NEROX tokens:
5% Neurolauncher NFT AirDrop = 500,000
8% Astar Strike AirDrop = 800,000
10% dApp Staking V3 AirDrop = 1,000,000
10% Firolauss TXS AirDrop = 1,000,000
12% Treasury = 1,200,000
15% Team = 1,500,000
20% Fundraise (Capitals & Ventures & Neurolauncher NFT holders) = 2,000,000
20% ICO = 2,000,000
5.2.1 About AirDrops
5.2.1.1 For Neurolauncher NFT Holders
5% of the NEROX token supply will be AirDropped to Neurolauncher NFT holders. The snapshot will be taken in March, and each NFT will receive 1000 NEROX tokens.
5.2.1.2 zkStrike Reward & AirDrop
A total of 800,000 NEROX tokens have been allocated for the reward and airdrop system in zkStrike beta. The distribution will be based on factors like the number of game entries, tier ranking, and in-game activities.
With inflation, the reward system for NEROX tokens will become sustainable. The various projects involving NEROX and future burning mechanisms will indirectly mitigate the impact of inflation on price decline.
5.2.1.3 dApp Staking V3 AirDrop
With the upcoming Astar Network dApp Staking V3 update, 1,000,000 NEROX tokens have been reserved for an AirDrop in our campaign. Stakers participating in the Neurolanche dApp staking program will benefit from this AirDrop based on the amount of ASTR staked and the number of ERAs.
5.2.1.4 Firolauss TXS AirDrop
Transaction volume is critical in developing Firolauss' algorithm and database. To incentivize users and build a robust database, 1,000,000 NEROX tokens have been allocated. The first demo of Firolauss will be released in March.
5.2.2 About Fundraise and ICO
As of January 5, 2024, Neurolanche's dApp staking program has a Total Value Locked (TVL) of 18 million dollars. Our monthly revenue and developments are funded from this income. To complete our seven projects and increase our fund, a total of 4,000,000 NEROX tokens have been allocated for Fundraise and ICO.
Fundraise:
Only capitals, ventures, and Neurolauncher NFT holders can participate in the Fundraise program. Dates will be announced.
Fundraise price: To Be Announced (TBA)
ICO:
Everyone can participate in the ICO sale. The token amount per wallet and the sale date will be announced in the coming days.
ICO price: To Be Announced (TBA)
5.2.3 NEROX Vesting
To Be Announced (TBA)
5.2.4 NEROX Inflation
To Be Announced (TBA)
5.3 NEROX Staking Mechanism
The Nerox Staking Mechanism is a crucial feature of the Neurolanche X Labs ecosystem, facilitating various interactions and benefits across its diverse projects. Here’s a detailed look at the staking mechanism in different projects: Neurolauncher Stake: Users staking their Neurolauncher NFTs earn Nerox tokens as rewards, promoting long-term engagement within the Neurolanche ecosystem. The NFTs, while staked, accrue Nerox tokens, enhancing the value proposition of holding the NFT. A notable aspect of this staking is the 10-day cooldown period upon unstaking, during which Nerox token rewards are paused and the NFT becomes temporarily non-tradable or unusable.
Firolauss Stake: Metaverse projects and gaming companies interested in using Firolauss AI NPCs can lease these AI characters for a one-year period by spending a minimum of 5000 Nerox tokens. This staking process grants access to Neurolanche X Labs' algorithm base, enabling these entities to integrate sophisticated AI NPCs into their virtual environments.
Neuroterheum Stake: Similar to the dApp staking structures of Astar Network and Subsocial, developers in Neuroterheum can apply for the Nerox dApp staking program and create their own staking pools. Users staking Nerox tokens in these pools earn rewards, simultaneously benefiting the developers through the reward mechanism.
Neuroverse Stake: Healthcare companies seeking access to the Neuroverse can lock certain amounts of Nerox tokens for one-year access. This staking mechanism allows these entities to utilize key technologies of Neuroverse at a reduced cost. Similarly, educational institutions looking to access VR tools in Neuroverse can lock Nerox tokens for one-year access, transitioning from traditional Web 2.0 tools to innovative VR-based educational experiences.
Classic Staking: Users can stake Nerox tokens on the Neurolanche portal, earning a certain amount of Nerox as rewards. This conventional staking process is designed to incentivize holding and supporting the Nerox token, contributing to the overall stability and growth of the Neurolanche X Labs ecosystem.
These diverse applications of the Nerox Staking Mechanism highlight the token’s versatility and the strategic integration of staking within the Neurolanche ecosystem. Through this mechanism, Neurolanche X Labs not only encourages long-term investment and engagement but also facilitates a wide range of functionalities and benefits for different stakeholders within its ecosystem.
5.4 NEROX Burning Mechanism
The Nerox Burning Mechanism is an integral aspect of the Neurolanche X Labs ecosystem, playing a significant role in regulating the supply of the Nerox token and enhancing its long-term value. The mechanism is implemented in various ways across different projects:
Firolauss Burning: In the Firolauss project, Metaverse projects and gaming companies can lease AI NPCs by spending a minimum of 5000 Nerox tokens for a one-year period. A unique aspect of this process is that 80% of the locked tokens are burned, while the remaining 20% are transferred to the Neurolanche Treasury. This significant burn rate effectively reduces the overall supply of Nerox tokens, contributing to its deflationary nature.
Neurolauncher and Firolauss Subscription Burning: Users who pay a monthly fee of 20 dollars for accessing digital health assistants in Firolauss contribute to the burning mechanism. The entire revenue generated from these subscriptions is used to purchase Nerox tokens, which are then 100% burned. This process not only supports the utility of the token but also ensures a continuous reduction in its supply.
Firolauss in Education Sector: Upon completion of the development of digital teachers in Firolauss for the education sector, special access will be provided to universities. Private educational institutions and users will be able to access this feature for one year by spending 50 Nerox tokens, and all these tokens will be burned. This initiative is designed to incentivize educational institutions to participate in the ecosystem while maintaining the deflationary aspect of the Nerox token.
Astar Strike Burning: Astar Strike incorporates a unique chest system where players use Nerox tokens to purchase in-game chests. The tokens used in this process are permanently removed from circulation through a burning mechanism. Additionally, a portion of the creator fees in the in-game marketplace, where Nerox tokens are used as the transactional currency, is also burned. This consistent burning of tokens within the game's ecosystem plays a pivotal role in diminishing the total supply of Nerox, enhancing its scarcity and value.
Overall, the Nerox Burning Mechanism is a strategic approach to managing the token's supply, fostering its deflationary attribute, and ultimately supporting the token's long-term stability and value within the Neurolanche X Labs ecosystem. These diverse applications of the burning mechanism across various projects demonstrate the commitment of Neurolanche X Labs to creating a sustainable and robust economic model for the Nerox token.
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