dotnouns.⌐◨-◨Introducing the New NNS: Powering Connection and Revenue for the Nouniverse
As the Nouns ecosystem continues to grow, so does our vision for a decentralized infrastructure that can drive ongoing value for every nounish creator, community, and platform. With the release of the new Nouns Name Service, we’re excited to unveil a revolutionary approach to .⌐◨-◨ domains that extends far beyond a traditional naming service. NNS is designed to serve as the beating heart of a connected Nouniverse, establishing a naming registry that not only makes a statement but also deliver...
dotnouns.⌐◨-◨Nouns Card Powered by $NOGS: A New Era of Meme Proliferation
After months of building and planning, we are thrilled to unveil the first ever Nouns debit card, powered by $NOGS. This revolutionary card represents a significant milestone in our journey, seamlessly blending the realms of finance and meme culture. Let's dive into the details and explore what makes this launch so special.The Nouns Card: A Partnership with BCardOur journey to bring this innovative product to life began thanks to the partnership with BCard, a visionary group of builders ...
Building @nnsprotocol and @nogglescoin
dotnouns.⌐◨-◨Introducing the New NNS: Powering Connection and Revenue for the Nouniverse
As the Nouns ecosystem continues to grow, so does our vision for a decentralized infrastructure that can drive ongoing value for every nounish creator, community, and platform. With the release of the new Nouns Name Service, we’re excited to unveil a revolutionary approach to .⌐◨-◨ domains that extends far beyond a traditional naming service. NNS is designed to serve as the beating heart of a connected Nouniverse, establishing a naming registry that not only makes a statement but also deliver...
dotnouns.⌐◨-◨Nouns Card Powered by $NOGS: A New Era of Meme Proliferation
After months of building and planning, we are thrilled to unveil the first ever Nouns debit card, powered by $NOGS. This revolutionary card represents a significant milestone in our journey, seamlessly blending the realms of finance and meme culture. Let's dive into the details and explore what makes this launch so special.The Nouns Card: A Partnership with BCardOur journey to bring this innovative product to life began thanks to the partnership with BCard, a visionary group of builders ...
Share Dialog
Share Dialog
Building @nnsprotocol and @nogglescoin
Subscribe to dotnouns.⌐◨-◨
Subscribe to dotnouns.⌐◨-◨
NOGS Party raised 525 ETH reaching an insane amount of interest and demand by communities within the nouniverse and beyond.
Lilnouns, the second biggest DAO in the ecosystem, even passed a prop with the goal of contributing 15 ETH to the Party.
In just 2 weeks, we set an unprecedented number of achievements.
Now it’s time to move to the next phase.
13.8B NOGS will be distributed to Party contributors with a ratio of 26,285,714 NOGS per ETH.
This set the NOGS market cap at around 7.5M.
NOGS will be distributed to contributors right after the launch of the LP.
LP will be launched on Friday 19 April.
We can’t give an exact timeline cause all will depend by how fast we will be able to execute the proposals into the Party. However, we will update the community at every step of the process.
We will provide to the LP:
525 ETH raised from the Party
13.8B NOGS
LP will be locked for 1 year using UNCX time lock contract.
Reasons behind this choice are pretty much the same that are stated in this article, but here are some highlights:
We are confident NOGS will considerably grow during its first year.
If this happens, overall liquidity will grow as well, bringing to the table many more and bigger LP participants and, hopefully, making the LP amount almost irrelevant and not necessary.
If, and only if, this will happen, we will be able to allocate this amount to new strategic initiatives and to increase the rewards provided to the ecosystem.
Last but not least, this flexibility will also allow us to follow and support the natural evolution of the NOGS infrastructure, maximising every single resource to the success of the project.
If needed, we’ll simply renew the lock for another year.
The goal is to reach a network big enough to make our LP value a minimal part of the total locked value.
If after a 1 year period we realise we haven’t reach that point yet, then the LP will be locked for another year, and so on.
Some personal thoughts:
To be honest, burning the LP would have been the easiest choice. But I truly believe this approach will be incredibly important for the long term success of NOGS and I expect to see it more and more adopted by other projects in the future.
Fees generated from the LP will be transferred to the Party and managed from there.
These fees will be used to boost NOGS adoption and unlock new use cases around it.
This can include:
New developments by the team to lock NOGS and provide new utilities and use cases to holders
Strategic partnerships
NOGS integrations by other projects
Listing on exchanges
And more
We decided to try to manage the fees from the Party because we like the concept of an easy path for the nouniverse to quickly propose ideas around NOGS.
Anyway, proposals from the ecosystem have to be aligned with the long term goals of NOGS and it’s also important that proposers are verifiable and with a proven track record.
We reserve the right to exercise our veto power if these requirements are not satisfied.
I tried to condense all the relevant information about what’s coming. If I missed something my DMs are always open.
Just wanted to say thanks for the huge support received during the last months, and in particular during these last 2 weeks.
It’s great to see frens from the ecosystem supporting NOGS, but it’s even greater when that support comes from people who discovered the nouniverse for the first time thanks to this project.
Now it’s time to LFG.
⌐◨-◨
NOGS Party raised 525 ETH reaching an insane amount of interest and demand by communities within the nouniverse and beyond.
Lilnouns, the second biggest DAO in the ecosystem, even passed a prop with the goal of contributing 15 ETH to the Party.
In just 2 weeks, we set an unprecedented number of achievements.
Now it’s time to move to the next phase.
13.8B NOGS will be distributed to Party contributors with a ratio of 26,285,714 NOGS per ETH.
This set the NOGS market cap at around 7.5M.
NOGS will be distributed to contributors right after the launch of the LP.
LP will be launched on Friday 19 April.
We can’t give an exact timeline cause all will depend by how fast we will be able to execute the proposals into the Party. However, we will update the community at every step of the process.
We will provide to the LP:
525 ETH raised from the Party
13.8B NOGS
LP will be locked for 1 year using UNCX time lock contract.
Reasons behind this choice are pretty much the same that are stated in this article, but here are some highlights:
We are confident NOGS will considerably grow during its first year.
If this happens, overall liquidity will grow as well, bringing to the table many more and bigger LP participants and, hopefully, making the LP amount almost irrelevant and not necessary.
If, and only if, this will happen, we will be able to allocate this amount to new strategic initiatives and to increase the rewards provided to the ecosystem.
Last but not least, this flexibility will also allow us to follow and support the natural evolution of the NOGS infrastructure, maximising every single resource to the success of the project.
If needed, we’ll simply renew the lock for another year.
The goal is to reach a network big enough to make our LP value a minimal part of the total locked value.
If after a 1 year period we realise we haven’t reach that point yet, then the LP will be locked for another year, and so on.
Some personal thoughts:
To be honest, burning the LP would have been the easiest choice. But I truly believe this approach will be incredibly important for the long term success of NOGS and I expect to see it more and more adopted by other projects in the future.
Fees generated from the LP will be transferred to the Party and managed from there.
These fees will be used to boost NOGS adoption and unlock new use cases around it.
This can include:
New developments by the team to lock NOGS and provide new utilities and use cases to holders
Strategic partnerships
NOGS integrations by other projects
Listing on exchanges
And more
We decided to try to manage the fees from the Party because we like the concept of an easy path for the nouniverse to quickly propose ideas around NOGS.
Anyway, proposals from the ecosystem have to be aligned with the long term goals of NOGS and it’s also important that proposers are verifiable and with a proven track record.
We reserve the right to exercise our veto power if these requirements are not satisfied.
I tried to condense all the relevant information about what’s coming. If I missed something my DMs are always open.
Just wanted to say thanks for the huge support received during the last months, and in particular during these last 2 weeks.
It’s great to see frens from the ecosystem supporting NOGS, but it’s even greater when that support comes from people who discovered the nouniverse for the first time thanks to this project.
Now it’s time to LFG.
⌐◨-◨
<100 subscribers
<100 subscribers
No activity yet