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NESS
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$ 0.00001
NESS (DarkNess Dollar Share) is the algorithmic token that accrues fees, seigniorage revenue, and excess collateral value. Read More
NESS (DarkNess Dollar Share) is the algorithmic token that accrues fees, seigniorage revenue, and excess collateral value. The total supply of NESS tokens is 800000000: 400000000 (50.00%) will be distributed to the Community via a liquidity mining program in the duration of 96 months. 100000000 (12.50%) will be distributed to the Insurance Fund in the duration of 96 months. It will convert all assets to CRO which is a backed asset for NESS tokens. For example if the supply of NESS is 100000000 and Insurance Fund has 2000000 CRO, NESS holders can always burn 1 NESS and receive back 0.02 CRO at any time. 200000000 (25.00%) will be reserved for the development (marketing, audits, dev reward, community engagements and other expenses) and released gradually over a period of 48 months. 90000000 (11.25%) will be reserved for the strategist partnerships and confounding advisors and released gradually over a period of 24 months. 10000000 (1.25%) will be used for seeding distribution via DarkBoost and initial liquidity by DarkCrypto Dao Fund.DarkNess Dollar introduced the world to the new concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically. DarkNess Dollar is a stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. This means DarkNess Dollar is a stablecoin to have part of its supply floating/unbacked.