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Merge pull request #171 from Apillon/typwrtr-patch-3
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Update 8-nctr-token.md
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typwrtr authored Mar 1, 2024
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Expand Up @@ -16,14 +16,14 @@ The tokenomics of the NCTR token and Apillon’s business model rely on decision

The NCTR tokenomics are, therefore, built to incentivize both actors and ensure all NCTR holders have a relevant say in the platform’s future and get rewarded for participating in Apillon’s governance.

### NCTR Developers - Build, Govern, Improve
### NCTR Developers

Developers are the force that drives Web3 and the first group of participants in the Apillon tokenomics. The platform is designed to cater to their ever-evolving needs, respond to their expectations, challenges, and workflows, but also to empower them to voice feedback and impact the course of platform development through governance.

In the vast and ever-evolving field of blockchain technology, it is increasingly challenging for all stakeholders to track all the newly launched projects and evaluate their offerings. To double down on the Web3 research power, Apillon empowers its main users, the developers, to list new service candidates via governance and vote on preferred services to be implemented in the upcoming platform upgrades.
Through user-powered governance and a token-curated registry of services, the platform continues to evolve and optimize its offering while preventing any potential censorship.

### NCTR Holders - Promote, Vote, Grow
### NCTR Holders

No Web3 project can stand the test of time and market without community backing. The Apillon community gathers NCTR token holders and Web3 developers.
The NCTR token is designed to serve and reward everyone who contributes to the growth of the Apillon platform and boosts Web3 adoption, aligned with Apillon’s primary mission.
Expand All @@ -39,18 +39,18 @@ NCTR token utilities are spanning across three main pillars:

Each pillar further serves both NCTR Developers and NCTR Holders, offering distinct opportunities for utilizing the NCTR token.

### NCTR Token Utility 1 - Governance
### Governance

Apillon's product governance does not imply an establishment of Apillon as an end-to-end DAO where participants propose and vote on everything, business decisions included.
Instead, the governance aspect is focused on the product, i.e., the Apillon platform, and its narrow scope of user-oriented services and features that participants can help control and upgrade.

### NCTR Token Utility 2 - Incentivization
### Incentivization

The second NCTR token’s utility is aimed at incentivizing both tokenomics actors in various ways while promoting Web3 adoption. Adoption is, therefore, the main measured KPI, and when achieved, it awards NCTR tokens to rightful recipients.

Incentivization through NCTR spans several use cases, including proof of adoption (PoA), prebuilt solutions grants, prebuilt solutions marketplace, SDK grands, protocol integration grants, bug bounties, authorship royalties, referral earnings, and many more.

### NCTR Token Utility 3 - Payments
### Payments

Besides providing few-click-deploy Web3 services and straightforward APIs to integrated parachains, Apillon offers an underlying payments module that simplifies the use of Web3 technologies.
The payments module removes the need for developers to acquire and maintain a positive balance of tokens to pay for underlying services. This way, Apillon can charge for its services in a traditional Saas model, where users pay monthly subscriptions with fiat using credit cards and unlock access to a fixed amount of Web3 services and features.
Expand All @@ -65,7 +65,7 @@ The NCTR token is an ERC-20-compatible token minted on the Astar network.

Total supply: 150,000,000 NCTR

### Apillon Tokenomics Whitepaper
### Tokenomics Whitepaper

Learn more about the NCTR token, its role in the Apillon business model, and the general tokenomics.

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