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NFTG
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Tokenomics
NFTG has a max supply of 1B tokens, a 9 month lock up period and bonus multiplier of 2 for yield farming during the first 9 months(lock up period).
NFTG MAX SUPPLY
1,000,000,000
NFTG
LOCK UP PERIOD
9
MONTHS
TOKEN DISTRIBUTION
27
MONTHS
TOTAL DISTRIBUTION TIME
36
MONTHS
BONUS PHASE DURATION
FIRST 9
MONTHS
BONUS MULTIPLIER
2X
MULTIPLIER
Tokens and Contracts: NFTG is an ERC-20 governance token built on Polygon. Those who hold NFTG tokens will be able to vote on governance polls, create governance proposals, and decide on other important aspects of the NFTG ecosystem.
NFTG tokens are earned as rewards through yield farming. The distribution of rewards is handled by the GalleryOperator smart contract (GO). GO mints NFTG tokens and rewards them to those staking liquidity pool tokens (LP).
Link: What is yield farming? Link: Where do I get LP tokens? CGEN is an ERC-721 token (NFT). The purpose of CGEN and the CGEN protocol is to reward contributors of the NFTG project. Those who contribute can earn CGEN as a reward. There will be a total of 10,000 CGEN minted. Learn more: CGEN Protocol Every time GO mints NFTG for those staking LP tokens (farmers), GO mints an additional 10% that goes towards contributors: the additional amount that is minted is split equally between each of the 10,000 CGEN.
For example, if 100,000 NFTG is farmed by those staking LP tokens, each CGEN will earn 1 NFTG. That’s because GO will mint an additional 10,000 NFTG (10% of 100,000 NFTG) which is then divided between each of the 10,000 CGEN. In this case, a total of 110,000 NFTG is created.
Notice that 10,000 out of 110,000 NFTG is allocated to contributors, approximately 9.1% of the total NFTG created.
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Max Supply: The current plan is for GalleryOperator to produce a maximum of 1,000,000,000,000 (1 trillion) NFTG over 3 years. Through governance, the NFTG community will eventually have the ability to keep or update this limit.

Distribution

Initial Issuance
In order to create liquidity for NFTG tokens at the launch of the project, an NFTG-MATIC liquidity pool will be created on QuickSwap. 8,000,000 (8 million) NFTG will be issued for the sole purpose of providing the initial liquidity for the liquidity pool. After this initial issuance, full control over the NFTG contract is handed over to the GO smart contract.
GO controls the minting of NFTG rewards, who is rewarded, and when the rewards are available to be harvested. The distribution of NFTG rewards has two phases: Locking phase and Unlocking phase.
Locking and Unlocking Phases
The locking phase: NFTG earned during the first 9 months of the yield farm are subject to a locking mechanism. The locking mechanism applies to both NFTG earned through farming and NFTG earned by contributors via CGEN. During the locking phase, 95% of NFTG earned is not accessible -- in other words, locked NFTG is held by the GalleryOperator and can’t be harvested until they are unlocked in the unlocking phase.
The unlocking phase starts right after the locking phase. The unlocking process must be triggered manually by harvesting. Harvesting will start unlocking locked rewards for a given farm. For contributors with CGEN, there is no need to harvest; locked rewards will start unlocking automatically.
After the unlocking process starts, locked rewards are linearly unlocked over a 27 month period. During this process, portions of the locked rewards become unlocked over time. At the end of the unlocking phase, all rewards will be unlocked. Unlocked rewards can be harvested at any time.
Bonus: During the first 9 months, all NFTG earned will be multiplied by 2. Link: Ready to start farming NFTG?
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