Token
Last updated
Last updated
The $CNC token is the apex premium currency of the Captain & Company ecosystem, with four key utilities outlined below.
Part of rewards are split to players who vote correctly on
$CNC balances are used for to direct new features
$CNC balances can be placed in to earn extra rewards
$CNC is the ecosystem currency, and can be used for all and purchases
There is no pre-mine of the $CNC token. The $CNC token is distributed by way of a user-operated node network, with 100% of all $CNC tokens being distributed to node operators. The maximum supply of the $CNC token is defined by the number of nodes circulating multiplied by 10,000. You can confirm the total number of nodes sold .
Nodes run server computation that may be important to game logic in the future, and further serve to secure and decentralize the game network. Node operators are rewarded with $CNC tokens, which are continually emitted over a four-year period and can be claimed via the claims portal at any time. Initiating a claim for available $CNC tokens comes with a variable short lock schedule to ameliorate supply shocks around major unlock timings.
0 day lock keeps 25% of claim, burning 75%
30 day lock keeps 50% of claim, burning 50%
60 day lock keeps 75% of claim, burning 25%
90 day lock keeps 100% of claim, burning 0%
Nodes will be permanently available for purchase after the node launch date. Nodes can be purchased by using ETH, or our publisher's token, . $KAP purchases benefit from a 30% discount if the market value of $KAP is under $0.03.
Any $KAP used to purchase nodes will be burned. 33% of all ETH used to purchase nodes in the public phase will be reserved by the Foundation and placed by an external market maker into a liquidity pool paired with $CNC to provide market depth.
The Foundation will be participating in the node sale itself using its own $KAP to secure enough nodes to provide ecosystem incentives in the future, and will be purchasing 150,000 nodes. The 50,000 nodes earned via the Early Access Play to Nodedrop campaign will be able to be claimed for free during the first 30 days after nodes are live. Nodes that are unclaimed will be forfeited.
The pricing schedule for nodes, which may be amended, is below.
1
0.0025
$187,500
0.0155
$11,069,749
0.0966
$114,290,201
2
0.0030
$443,463
0.0187
$14,291,790
0.1159
$141,806,792
3
0.0036
$786,674
0.0224
$18,324,834
0.1392
$175,597,709
4
0.0043
$1,240,580
0.0269
$23,358,556
0.1671
$217,044,667
5
0.0052
$1,834,260
0.0323
$29,625,612
0.2006
$267,829,601
6
0.0062
$2,603,763
0.0387
$37,409,651
0.2408
$329,993,366
7
0.0075
$3,593,696
0.0465
$47,057,701
0.2890
$406,013,746
8
0.0090
$4,859,173
0.0558
$58,994,349
0.3470
$498,897,695
9
0.0108
$6,468,019
0.0670
$73,735,166
0.4165
$612,292,876
10
0.0129
$8,503,900
0.0804
$91,911,424
0.5000
$750,000,006
The estimated market caps (MC) shown in the table are calculated at an ETH price of $1,500.
Node tutorials are available in the , and video walkthroughs are available in Discord and .
Contract Addresses CNC (Abstract): CNC (Ethereum): Uniswap v3 CNC-WETH (Ethereum): Reservoir v3 CNC-WETH (Abstract):
Transfer of 3.33 ETH to liquidity provision wallet ()
Liquidity provision of 3.33 ETH ()
Transfer of 40,609,379 KAP for burn ()
Nodes that produce the $CNC token have not been offered as securities, and purchasers of these or any other Captain & Company-affiliated digital assets should have zero expectation of profit, irrespective of the plans and ideations outlined in this conceptual paper. Furthermore, public claim functions and liquidity pools are not be available to any participant with a US, Cuba, Iran, North Korea, Syria, or other OFAC-sanctioned IP address. See for more info.