NetMind's Long-Term Strategy and Tokenomics Upgrade Here’s a heads-up on the upcoming changes and the directions in our tokenomics: At NetMind, our vision extends far into the future. We're on a mission to forge a robust AI and Web3 community through our decentralized computing platform, NetMind Power. We are dedicated to maintaining fairness for all stakeholders and constructing a project sustainable enough to endure through the years. We’ve been carefully discussing and redesigning this with a keen focus on long-term viability and community benefit. Our deepest appreciation goes out to our community, advisors, potential investors, and all who have contributed their valuable insights and support towards the upgrade of our tokenomics. We're also actively engaging with a distinguished group of macro economists to rigorously validate our tokenomics strategies. Rethinking Allocation We are dedicated to ensuring NetMind Power becomes fully decentralized, with an operational lifespan exceeding 100 years. This ambition inspired our initial 100-year tokenomics model. However, upon reflection and recognizing that, aside from mining, our staking, community, and team funds do not require a century-long allocation, we're considering a substantial decrease in our total token supply to a more practical 10-year tokenomics. In consideration of the existing miners' cap, we propose instead of burning unmined tokens, we could distribute a more equitable mining pool each year over the next 10 years. Any tokens left unmined during this timeframe will stay in the pool, available for future mining endeavors. After the initial 10 years, we will engage the community to vote for deciding the future of remaining tokens, possibly introducing a minor inflation rate to support mining sustainability. Tokenomics Highlights Major Supply Reduction: In a significant overhaul of our economic model, we are reducing the total token supply from 10 billion to less than 200 million, making a reduction of over 98%. This decrease signifies our commitment to creating a more valuable and sustainable ecosystem for NMT. Future Issuance and Distribution: Over the coming 10 years, less than 165,000,000 NMT will be issued, carefully managing the supply to foster growth and stability within our platform. Existing Token Rewards Adjustment: 1. Early Miner Token Revision The initial locked 80 million tokens designated for early miners will be significantly reduced to 5 million, and will be vested over the 6-year emissions schedule. This adjustment aligns with our refined tokenomics strategy, ensuring fairness and sustained value for all stakeholders, while also encouraging new $NMT buyers and network participants. 2. Zealy Airdrop Rewards Reassessment: Having distributed 130k NMT to 500 winners (airdropscan.netmind.ai), we have rewarded airdrop with about $1M at current token price. Given the comprehensive tokenomics overhaul & commitment to supply reduction & ecosystem sustainability, we've opted to burn the remaining airdrop rewards. We are preparing a series of community events, featuring more balanced rewards, emphasizing our commitment to actively engaging with and cultivating our community. New Staking Rewards Structure: We are introducing diverse staking options: - Flexible Staking: For liquidity and competitive rewards. - Fixed-Term Staking: Offering enhanced rewards for committed staking. - Long-Term Staking: Maximizing returns for extended staking periods. We will steadily decrease the current staking rewards to ensure a smooth transition process in April. Again, your feedback and engagement are vital to our journey. Embracing a long-term perspective, we invite you to be part of making NetMind Power a sustainable pillar of the future. Will make this happen in mid April. More details are on the way.