Nawarat Mainnet Launch

Launch of NFT appraisal tool on BSC.

DETAILS

• Mechanics & Features
  • Nawarat is an NFT appraisal oracle that appraises NFTs via a dynamic bidding process where users or nodes place bids and earn rewards or penalties based on the final settlement price
  • The bidding process is divided into rounds and each round is broken down into; creating a pricing session, participating in the pricing session and settlement
  • Anyone can request an appraisal for any NFT
  • Appraisal nodes bids for the NFT – an address is only allowed to participate in each appraisal once
  • According to the deviation of the user’s bid from the final appraisal, a users is rewarded or penalised – if the deviation is less than 5%, the user will be rewarded, and if the deviation is more than 5%, the user will be penalised
  • $NWT will be the reward and governance token (not launched yet)
    • Token utility – appraisal access, reward participating users and bidding nodes, staking (-ve model) to receive a share of transaction fees, voting right
  • Roadmap includes multi-chain expansion
  • The tool is currently available on Goerli testnet

• Tokenomics
  • Token symbol: NWT
  • Token supply: 1,000,000,000
    • 10% — Initial offering (100% at TGE)
    • 40% — Community incentives (20% at TGE, then quarterly vesting over 3 years)
    • 20% — Team (6 months cliff, then quarterly vesting over 3 years)
    • 15% — DAO Treasury (reserved, community decides on allocation)
    • 10% — Investment (20% at TGE, then quarterly vesting over 3 years)
    • 5% — Kick-off of community operations (100% at TGE)