Token
Utility
The $CNC token is the apex premium currency of the Captain & Company ecosystem, with four key utilities outlined below. The maximum supply of the $CNC token is 10,000,000,000.
Part of Warchest rewards are split to players who vote correctly on faction war outcomes
$CNC balances are used for governance votes to direct new features
$CNC balances are used for guild tiers, which unlock more rewards
$CNC is the ecosystem currency, and can be used for all crafts and purchases
Nodes & Distribution
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 nodes is 1,000,000.
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%
If you do not wish to operate your own node servers, you can stake your nodes into a delegation pool to have another user operate them on your behalf.
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. $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. Any 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 around 150,000 nodes. Of those purchased nodes, 50,000 will go to the Early Access Play to Nodedrop campaign winners. Public participants will begin at Tier 4.
The pricing schedule for nodes, which may be amended prior to launch, is below.
1
0.0020
11
0.0124
21
0.0773
2
0.0024
12
0.0149
22
0.0927
3
0.0029
13
0.0179
23
0.1113
4
0.0035
14
0.0215
24
0.1337
5
0.0042
15
0.0258
25
0.1604
6
0.0050
16
0.0310
26
0.1926
7
0.0060
17
0.0372
27
0.2312
8
0.0072
18
0.0447
28
0.2776
9
0.0086
19
0.0536
29
0.3332
10
0.0104
20
0.0644
30
0.4000
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 Disclaimer for more info.
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