Basic tokenomics for 100 blockchains

1. The issuance of NIFTSY tokens starting from the 5th blockchain (and/or any similar system such as DAG) will be governed by the following basic rules:

01.01. The total issuance across all blockchains (DAGs) will not exceed 500,000,000 NIFTSY (this rule is a Genesis-rule and cannot be changed by DAO decision, it is mentioned here only to clarify the complete model of multichain tokenomics).

01.02. The issuance will be made to a multisig DAO, unless otherwise dictated by the specific blockchain solution (DAG), as is the case with the Polygon network, where issuance is shared with Ethereum via a bridge (this rule is also a Genesis rule and cannot be changed by DAO decision, and is provided here solely for understanding the general tokenomics scheme by all DAO participants): first, 500,000,000 NIFTSY will be emitted, and then the initial burning will occur according to the rules set forth below.

3. The initial issuance was made as follows:

• Ethereum - approximately 360,000,000 NIFTSY
• BSC (BNB Chain) - approximately 40,000,000 NIFTSY
• Polygon - approximately 4,000,000 NIFTSY
• Arbitrum - 11,111,111.11 NIFTSY (as of March 2023)

4. The issuance in point 03 is not changeable, except for Polygon, where the official bridge is used.

5. After this, the issuance will follow the following formulas:

05.01. Final issuance in (previous) blockchain = Initial issuance in the previous blockchain minus Primary burning in this blockchain: FINAL_ISSUE(blockchain(n)) = 500,000,000 - INITIAL_BURNING.

05.02. Final issuance in the new blockchain equals Final issuance in the previous blockchain minus 12% of the Final issuance in the previous blockchain: FINAL_ISSUE(blockchain(n+1)) = FINAL_ISSUE(blockchain(n)) - 12%FINAL_ISSUE(blockchain(n)).

Example: If the Final issuance in Arbitrum (blockchain #04) is 11,111,111.11 NIFTSY, then In blockchain #05, it will be 9,777,777.78 NIFTSY, because 11,111,111.11 - (12%*11,111,111.11) = 9,777,777.78 Accordingly, in the 10th blockchain, we will get 5,160,045.41, and in the 100th - 56.63 NIFTSY.

6. You can view the table with overall indicators for 100 blockchains (DAGs) here: https://docs.google.com/spreadsheets/d/e/2PACX-1vTYzYKdZR9AuDiB9IOvSO0v6LEp4x5x5XT6E3T63X7ipBxpXVm8BEU6hnAVUSMJefSd1NpIpA9jMfmx/pubhtml?gid=0&single=true

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#token #NIFTSY #DAO #Envelop