🪙Token & Utility

Staking | Supply | Utility

Staking & How It Works

Nakano’s staking mechanics have a few different aspects to consider. While the platform itself will be easy to manage and navigate, the staking rewards can be accumulated in a few different ways.

First, when staking any Nakano NFT’s, you’ll be rewarded with our $NAKA token. The Staking mechanics will take on a kind of hybridized custodial and noncustodial staking system. Meaning that the asset doesn't actually leave your wallet but at the same time the asset is locked in a smart contract.

So, the staked assets are not tradable or movable. Meaning, they can't be transferred from one wallet to another or secondary market. Once your Nakano NFTs are staked, they’ll be locked in the smart contract for a minimum of 1 epoch (5 days).

All Nakano NFTs will earn $NAKA at a fixed rate — depending on the class, traits and whether it’s a 1 of 1 or not. You’ll be able to check how much $NAKA you’ll be earning on our staking platform.

All staking rewards will be claimable VIA a claim portal that will be found on our website.

Supply

*Tokenomics are being updated - Will have a completed version post mint*

The total $NAKA supply is 10,000,000. Over the course of 2.5 years, 7,000,000 will be minted for staking.

We have no plans to put $NAKA on a decentralized exchange at this point in time, as there are many legal things to look into before we can go down that route. The other 3,000,000 will be sitting in a treasury wallet and we'll use this for prizes and giveaways.

If our plans change in the future then the treasury fund will be distributed fairly and accordingly.

Token Utility

1) Exchanging $NAKA for Raffle tickets which will be used for WL, NFT, and other raffle giveaways.

2) IRL Prints made of your Nakano NFTs (Limited)

3) Custom NFTs

4) Minting of assets in our Ecosystem including the Official Nakano Manga

*ANOTHER MAIN UTILITY WILL BE REVEALED POST MINT*