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Update II: NMT Supply and Demand, Current Insights and Future Plans
I’ve noticed some discussions around NMT inflation, and I’d like to provide clear insights into the current token supply and how it aligns with our long-term vision for sustainable growth and ecosystem development.
Current Status
After the tokenomics upgrade made in April 2024, here’s the current breakdown of new token issued
- Total mining/staking rewards: 3,751,362.59 (over 85% are either in the staking pool or remain unwithdrawn)
- Community fund: 344,890.51 (entirely kept in the smart contract)
- Team fund: 153,377.96 (entirely kept in the smart contract)
- Strategic investor fund: 3,115,033.47 (entirely kept in the smart contract)
Some Key Details:
- Mining/Staking Rewards: The majority of the 3.7M mining/staking rewards remain un-withdrawn or allocated within the staking pool.
- Other Funds in Smart Contracts: The other 3.6M, including Community fund, team fund, and strategic investor tokens, remain entirely within smart contracts. While unlocked, these tokens are strategically reserved for long-term ecosystem growth and sustainability.
- Effective Inflation: When accounting for unwithdrawn mining rewards and funds held in smart contracts, the real effective inflation since April has been minimal (estimated at 5-8%), aligning closely with the projections made during the tokenomics upgrade in April.
- Deflationary Measures: We've implemented additional deflationary mechanisms, such as burning tokens from payments and mining activities. These measures enhance the system's stability and maintain a sustainable balance between supply and demand.
Next
We are actively advancing plans to expand payment integration across the system along with upgrades to mining mechanisms. Here’s how we’re shaping the future of NMT:
- Increased Payment Rewards: Miners will receive a larger share of rewards through payments and a smaller proportion from mining, resulting in higher overall value for participants.
- Enhanced Staking Requirements: Activating mining rewards will require increased staking, and a portions of mining rewards will be redirected into the long-term staking pool.
- Expanded Utility: Upcoming initiatives, including model APIs, multi-agent tools, and strategic partnerships, will significantly expand the use cases for NMT, increasing its demand and utility across the ecosystem, bringing in more payment rewards for participants and further reinforcing the token’s value and importance within the NetMind ecosystem.
- Sustainable Deflation: Continued token burns, buy-back and other deflationary measures will stabilize supply while supporting the ecosystem’s long-term sustainability.
We deeply appreciate your continued trust and engagement as we grow the NetMind ecosystem together. These measures ensure a balanced and thriving environment for all participants, laying the foundation for a strong and sustainable future for NMT!
We're thrilled to announce that our Web3 as-a-service solution for enterprises is now live on @xenergyweb, all powered by $EWT and secured by @Polkadot🔴🔵
More information here: https://t.co/muysOIcp0Z