Tokenomics of the Nomibase token (NMB)

1. One-time distribution of 100,000 NMB as part of the presale, which will be used to provide initial liquidity for NMB pools, marketing expenses, and maintaining the ecosystem. The main priority for this item is to ensure liquidity of NMB pools for comfortable token swaps.
2. 166.66 NMB is distributed daily to ensure liquidity of NMB pools, marketing, maintaining the functioning of the ecosystem. As a rule, they will mint once a month (~5000 NMB per month, respectively). The main priority for this item is Marketing.
3. Burning [Subscription payments] 10% of tokens from each purchased or renewed subscription.
4. Burning [Subscription Partnership bonus (Free referrals)] of 100% of undistributed NMB for referrers according to the referral bonus for referrals’ subscriptions. link. In this case, the referrer’s percentage (10% of the cost of payment and renewal of subscriptions) is sent for burning.
5. Burning [Subscription Partnership bonus (Not MAX referrer)] 100% of undistributed NMB for MAX referrers based on the referral bonus for referrals’ subscriptions. Initially, 10% is allocated for the referrer from each subscription purchase/renewal. However, all this 10% is paid to the referrer only at the MAX level. At other levels, the referral percentage is smaller and undistributed tokens for the referrer are burned. This is up to 5% of the cost and renewals of subscriptions.
6. Burning [Poll payments] 100% of the fee for creating polls in the Nomibase community. By creating polls in the Nomibase community, users pay a commission to create the survey. This commission depends on the number of users in the community.
7. Burning [Unspent tokens] 100% of unused NMB from the second point. The implication is that the team may find it appropriate to minimize the pressure on the token price by reducing the number of tokens spent from the second point.
8. Burning [Paid rating (Inactive users)] 100% of unallocated NMB for a paid top in the ranking. Tokens are sent for burning at this point if a user from the paid top has not sent predictions within 24 hours.
9. Burning [Rating Partnership bonus (Inactive referral)] 100% of tokens from the referral bonus for a referral at the top of the predictor rating, if the referral’s reward for being at the top of the rating is burned (If a user from the paid top did not send predicts within 24 hours, then his referrer’s reward is sent for burning).
10. Burning [Rating Partnership bonus (Free referrals)] 100% of tokens from the referral bonus for a referral at the top of the predictor rating, if a user from the top does not have a referrer (For example, if he did not come through a referral link).
11. Burning [Rating Partnership bonus (Not MAX referrer)] 100% of unused tokens from the referral bonus of a referral at the top of the predictor rating. Initially, 20% of the income of a referral from the top rating is allocated to the referrer. However, all these 20% are paid to the referrer only at the MAX level. At other levels, the referral percentage is smaller and undistributed tokens go to the referrer for burning. This is up to 15% of the initial 20% of the allocated bonus.

* By 'Maintaining the operation of the ecosystem' we mean the costs of operating servers (Computing power, payment for third-party APIs (which provide us with some information on cryptocurrencies, including their current prices)) and other items associated with the costs of maintaining the work and development of the project. This item does NOT imply personal income for team members.

All tokens designated for burning are sent to the burn function on a monthly basis.

Where can I track NMB token burning statistics?

You can monitor the burning on the NMB token page (Link) or in Nomibot using the command Burning NMB.

Why doesn't NMB have a maximum supply limit?

There is currently no hard cap on the supply of the NMB token.
Community members may find this a cause for concern, and while we understand the possible desire of some users for a hard maximum supply cap, there were and are good reasons why we do not expect it to be installed in the near future.

What then are the ways to limit the supply of NMB to counteract inflation?

The team aims to make deflation bigger than emission by building deflationary mechanisms into Nomibase products. The goal is for more NMB to go out of circulation than was produced.

Regular token burns are built into many of the mechanics of Nomibase products (described above) and we plan to increase their number in the future. Check out the NMB tokenomics above for details on current and future deflationary mechanisms.