Nightingale Token (NGIT)

NGIT is the governance token of Meta-land. The token represents voting power in UCC polling and DAO gaming. NGIT has a fixed supply and will not be increased. This will be issued to players to reflect each person's stake in the DAO.

Basic information

  • Token Contract Address: 0x46db825593ca7c3fdfc9ccb5850ea96c39b79330
  • Token Symbol: NGIT
  • Decimal: 18

Allocation

Category
Total Supply
Percentage
Vesting
DAO Creator Reward
2,000,000
40%
5yr vesting
Expansion Reward
750,000
15%
5yr vesting
Reserve
250,000
5%
5yr vesting
LP Incentives
1,000,000
20%
5yr vesting
Team
750,000
15%
6M lock-up, 2yr vesting
Private Sale
250,000
5%
6M lock-up, 1yr vesting
Total
5,000,000
100%
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  • DAO Creator Reward: This is a reward for content participants such as content creators. It is also supplied to partners who can help our DAO.
  • Expansion Reward: The most significant contribution to the expansion of the NGIT ecosystem is made by ecosystem participants themselves. A certain percentage of content sales in the game will be rewarded to those who help expand the ecosystem.
  • Reserve: This is for unexpected situations.
  • LP Incentives: These tokens are provided for KSP-NGIT, Klay-NGIT pairs.
  • Team: Team tokens are used for ecosystem management and development.
  • Private Sale: Private sales will be held to secure costs for building an early ecosystem.

Emission Schedule

Utilities

  • UCC Polling: Sheep will be released seasonally, and users will be able to submit direct designs and nominations for sheep to be released. The vote of the NGIT holders determines which sheep are chosen from the nominations. As a reward, the creator of the design with the most votes will receive NGIT tokens.
  • DAO Gaming: User votes can influence a variety of aspects. For example, depending on the outcome of the vote, the weather could be either dry or rainy. Some sheep do well in dry weather while others may be more productive in humid conditions. These variables can have a big influence on PvP and RvR content.
  • DeFi Staking: Holders of NGIT tokens are deemed to be making a contribution to the Sheepfarm ecosystem simply by holding their tokens. If you stake NGIT, you can receive MARD tokens as a reward.