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:
- Secure and fast real-time transactions
- Player owned and controlled assets
- In-game economy that is protected from volatility of market speculation
- Revenue opportunities for free and invested users
- Fair rewards and incentives based on ecosystem contribution
- Environmentally conscious and sustainable
$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:
- Gear Upgrades
- Cosmetics for your Guardian and Weapons
- Upgrading your Guardians
- Player-centric markets and trading
- Minting new Characters and Items
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!
About Nyan Heroes
Nyan Heroes is a free-to-play hero shooter that combines fast-paced, competitive gameplay with a real-world impact. Developed by a remote team of seasoned game developers and powered by Unreal Engine 5 and blockchain technology, Nyan Heroes pays homage to cats and offers a AAA multiplayer experience with epic mech character classes, thrilling cat-like movements, and unique gameplay abilities.
Learn More: nyanheroes.com