Tokenomics
NTZC is the native token of the NETZ platform, and it operates within a carefully designed tokenomics framework. This framework is intended to optimize the token's utility, stability, and value within the NETZ ecosystem. It utilizes a range-bound strategy that keeps its value predictable and prevents it from going below a certain level. The value of NTZC is backed by reserves that are not pegged to it.
The minimum value is 1 NTZC: 1 USDT, which can go higher practically.
NETZ's blockchain-based payment settlement & investment platform with its token sets it apart from its competitors. Blockchain is much faster, simpler, and cost-effective than the conventional payment method.
Here's a quick overview of the vital details:
Token Information:
● Total Supply: 5 million NTZC tokens
● Circulation: All 5 million NTZC tokens are circulating on the Ethereum blockchain
● Token Name: NTZC
Token Ownership and Minting:
● NTZC is minted and owned entirely by the NETZ platform, ensuring controlled and stable token supply.
● Minting occurs based on the platform's requirements and growth strategies.
Treasury Backing and Value Stability:
NTZC, a treasury-backed token within the NETZ ecosystem, derives its value from reserves rather than being pegged to a specific asset. NETZ employs a Range Bound Strategy to uphold a predictable value and prevent depreciation below a certain threshold. The minimum value of 1 NTZC pegged to 1 USDT (Tether) establishes a stable baseline for assessing its value. While the minimum worth remains fixed, fundamental market dynamics have the potential to drive NTZC's value even higher, showcasing its utility and demand.
Utility and Functions:
The primary purpose of NTZC is to facilitate easy and seamless payments within the NETZ system, enabling users to swiftly purchase items. Additionally, it serves functions such as token creation and destruction, which are crucial for maintaining the stability of the token count. NETZ distinguishes itself through the utilization of blockchain technology for both payments and investment purposes, with NTZC being its fundamental cryptocurrency token. Leveraging blockchain technology, NETZ offers faster, simpler, and more cost-effective payment solutions compared to traditional methods, enhancing user experiences by streamlining accessibility and efficiency.
Tokens burned for stability:
Token burning controls supply and raises value. A smart contract sends a part of each trade to a burning wallet. This decreases total tokens, which boosts scarcity and price. Besides, the team manually burns more tokens after important goals. Public reports keep these special burns open. NETZ aims to cut supply over time. This gives benefits and keeps the system fair.
NETZ has a burning system that promotes community involvement and values growth. It combines continuous burning and manual burning. The manual burnings have clear conditions and amounts that are public so the community can trust them. You can see the total NETZ burnt on the website, so you know how many tokens are in circulation. This burning system aims to create a sustainable and rewarding environment for NETZ participants.
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