> For the complete documentation index, see [llms.txt](https://docs.capnco.gg/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.capnco.gg/game-guide/usdcnc-token.md).

# $CNC Token

### Utility

The $CNC token is the apex premium currency of the Captain & Company ecosystem, with three key utilities outlined below.

1. $CNC can be staked on Ethereum to earn Governance Doubloons through [Governance](/game-guide/how-to-play/10.-governance.md)
2. Both staked (stCNC) and held $CNC on Ethereum are counted in [community polls](/game-guide/community-polls.md) that direct new features
3. $CNC can be placed in [liquidity positions (LPs)](https://kap.foundation/) to earn fees

{% hint style="warning" %}
$CNC has a key deflationary burn mechanism, where 1% of the fees the game collects for crafts and Auction House trades are burnt.
{% endhint %}

### Distribution & Supply

$CNC was originally distributed through a user-operated node network, with all tokens emitted to node operators rather than pre-mined. In mid-2026, tokenholders voted unanimously to discontinue node emissions and fix the total supply. As a result, no new $CNC is emitted. You can review the vote on [Snapshot](https://snapshot.org/#/s:capncompany.eth).

The total supply is now fixed at a projected 417,456,367 CNC. This figure assumes that every historical node operator mints all of their rewards, so it is higher than the amount visible on chain by default, since in practice not all operators are expected to mint. The token's original total supply was planned to be 10,000,000,000 CNC, so the vote cut the total lifetime supply of CNC by roughly 96%.

### Claiming Legacy Node Rewards

If you operated or held nodes, you can still recover and claim any unclaimed node rewards from the Stake tab on your [profile](https://capnco.gg/profile). Connect your wallet, open the Stake tab, review your claimable node and pool rewards, and follow the on-chain prompts to claim. An optional delegation setting is available in the advanced options.

{% hint style="info" %}
**Contract Addresses**\
CNC (Ethereum): [0xB8F7709ef495a459e69BC7bCbABAadB80462f2A6](https://etherscan.io/address/0xB8F7709ef495a459e69BC7bCbABAadB80462f2A6)\
CNC (Abstract): [0xD3844AcCa3562b52a22e46fb56C5c29b621b0d33](https://abscan.org/token/0xd3844acca3562b52a22e46fb56c5c29b621b0d33)\
CNC Staking Vault / stCNC (Ethereum): [0x227Ab5Ee53B2edC7CEDBe714E43B550b9AB378FC](https://etherscan.io/address/0x227Ab5Ee53B2edC7CEDBe714E43B550b9AB378FC)\
Uniswap v3 CNC-WETH (Ethereum): [0x0534464ea6194F8180dD8aa1E8011F9ed7881780](https://app.uniswap.org/explore/pools/ethereum/0x0534464ea6194F8180dD8aa1E8011F9ed7881780)\
Reservoir v3 CNC-WETH (Abstract): [0x7c574bd85e04251925e04a17679c846b63ca916f](https://swap.reservoir.tools/#/add/ETH/0xD3844AcCa3562b52a22e46fb56C5c29b621b0d33)
{% endhint %}

{% hint style="danger" %}
The proof-of-work nodes that distributed the $CNC token were not 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. Public claim functions and liquidity pools are not available to any participant with a US, Cuba, Iran, North Korea, Syria, or other OFAC-sanctioned IP address. See [Disclaimer](/resources/disclaimer.md) for more info.
{% endhint %}


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