Cat Block #4: The Tokenomics of $CTNP and $NYN

Good Morning, Nyan Army!

Today, I want to talk about the tokenomics revolving around our tokens, $CTNP and $NYN. You might recall that we published an article in April detailing the specifics of our tokenomics model. This article is a refresher to our OG’s and an introduction for the new members in our project.

In today’s Cat Block, I’ll be teaching you about our Governance Token, In-game Utility Token, and the process that follows both of them.

Our core beliefs for a sustainable and strong tokenomics model are:

$NYN Token — The Governance Token

The $NYN Token is our native token used for governance, staking, and payments for marketplace transactions. $NYN is one of the assets that will be used to overcollateralize our in-game stable token, $CTNP.

Our Algorithmic protocol uses efficient market forces to allow arbitrage traders to maintain $CTNP at it’s pegged value.

There is a fixed supply of 1,000,000,000 $NYN.

$CTNP — The In-Game Utility Token

The $CTNP token is earned from our staking expeditions and in-game rewards. It can be used to purchase in-game items and upgrades. $CTNP is a stable coin that powers our in-game economy.

$CTNP will be overcollateralized by our USDC reserves but may shift to other assets as we grow, including but not limited to, $NYN. This process of overcollateralization ensures that $CTNP’s value remains stable, regardless of market conditions.

Some of the uses of $CTNP include:

Rest assured, our tokenomics and in-game economy will be secure, robust, and sustainable. We recently hired a Lead Economist with over 11+ years of experience to design our in-game economy.

If you want to take a deeper dive into our tokenomics, please check out our tokenomics article. We also have a cute explanation video as well for people who want to visually look at the process.

Thank you for reading today’s Cat Block, stay safe out there Nyan Army!

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