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.

1. Part of Warchest rewards are split to players who vote correctly on faction war outcomes

2. $CNC balances are used for governance votes to direct new features

3. $CNC balances are used for guild tiers, which unlock more rewards

4. $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.

Tier	Nodes	Price (ETH)	Tier	Nodes	Price (ETH)	Tier	Nodes	Price (ETH)
1	50000	0.0020	11	36950	0.0124	21	27300	0.0773
2	48510	0.0024	12	35850	0.0149	22	26490	0.0927
3	47060	0.0029	13	34780	0.0179	23	25700	0.1113
4	45660	0.0035	14	33740	0.0215	24	24930	0.1337
5	44300	0.0042	15	32740	0.0258	25	24190	0.1604
6	42980	0.0050	16	31760	0.0310	26	23470	0.1926
7	41700	0.0060	17	30810	0.0372	27	22770	0.2312
8	40460	0.0072	18	29900	0.0447	28	22090	0.2776
9	39250	0.0086	19	29000	0.0536	29	21430	0.3332
10	38080	0.0104	20	28140	0.0644	30	19960	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.