Read on Twitter
1/ As we are approaching to reveal of @TheHashmasks, I wanted to share my analysis on Hashmasks and $NCT.
There are only 16,384 unique Hashmasks available and 16000+ already sold.
There are only 16,384 unique Hashmasks available and 16000+ already sold.
2/ With each purchase, buyers are given 3660 $NCT, and each Hashmask accumulates 3660 $NCT every year.
So at the end of the first month we will have around 65M $NCT created
So at the end of the first month we will have around 65M $NCT created
3/ For every name change, users need to burn 1830 $NCT (about half a year of emission) which reduces the supply and increases the demand for $NCT token.
4/ Approximately 53 name changes per hour has been done since the beginning of the sale
9.7M $NCT has been burnt so far.
9.7M $NCT has been burnt so far.
5/ If users keep the rate of 53/h, All $NCT supply would be burned after first month.
I think it is safe the assume there will be a spike in the name changes when the sale is over and Hashmasks are revealed and then burn rate will probably decrease.
I think it is safe the assume there will be a spike in the name changes when the sale is over and Hashmasks are revealed and then burn rate will probably decrease.
6/ Even if the name change rate stays around 20 name changes/h, 26M tokens would be permanently burnt in the first month
Considering users already burnt ~10M tokens, the circulating supply would be ~29M $NCT.
Considering users already burnt ~10M tokens, the circulating supply would be ~29M $NCT.
