NOGS Party raised 525 ETH reaching an insane amount of interest and demand by communities within the nouniverse and beyond.

Lilnouns, the second biggest DAO in the ecosystem, even passed a prop with the goal of contributing 15 ETH to the Party.

In just 2 weeks, we set an unprecedented number of achievements.

Now it’s time to move to the next phase.

Distribution and LP: Everything you need to know

Distribution

13.8B NOGS will be distributed to Party contributors with a ratio of 26,285,714 NOGS per ETH.

This set the NOGS market cap at around 7.5M.

NOGS will be distributed to contributors right after the launch of the LP.

Liquidity Pool overview

LP will be launched on Friday 19 April.

We can’t give an exact timeline cause all will depend by how fast we will be able to execute the proposals into the Party. However, we will update the community at every step of the process.

We will provide to the LP:

• 525 ETH raised from the Party

• 13.8B NOGS

Liquidity Pool lock

LP will be locked for 1 year using UNCX time lock contract.

Reasons behind this choice are pretty much the same that are stated in this article, but here are some highlights:

• We are confident NOGS will considerably grow during its first year.

  If this happens, overall liquidity will grow as well, bringing to the table many more and bigger LP participants and, hopefully, making the LP amount almost irrelevant and not necessary.

  If, and only if, this will happen, we will be able to allocate this amount to new strategic initiatives and to increase the rewards provided to the ecosystem.

  Last but not least, this flexibility will also allow us to follow and support the natural evolution of the NOGS infrastructure, maximising every single resource to the success of the project.

• If needed, we’ll simply renew the lock for another year.

  The goal is to reach a network big enough to make our LP value a minimal part of the total locked value.

  If after a 1 year period we realise we haven’t reach that point yet, then the LP will be locked for another year, and so on.

Some personal thoughts:

To be honest, burning the LP would have been the easiest choice. But I truly believe this approach will be incredibly important for the long term success of NOGS and I expect to see it more and more adopted by other projects in the future.

Liquidity Pool fees

Fees generated from the LP will be transferred to the Party and managed from there.

These fees will be used to boost NOGS adoption and unlock new use cases around it.

This can include:

• New developments by the team to lock NOGS and provide new utilities and use cases to holders

• Strategic partnerships

• NOGS integrations by other projects

• Listing on exchanges

• And more

We decided to try to manage the fees from the Party because we like the concept of an easy path for the nouniverse to quickly propose ideas around NOGS.

Anyway, proposals from the ecosystem have to be aligned with the long term goals of NOGS and it’s also important that proposers are verifiable and with a proven track record.

We reserve the right to exercise our veto power if these requirements are not satisfied.

Conclusion and LFG

I tried to condense all the relevant information about what’s coming. If I missed something my DMs are always open.

Just wanted to say thanks for the huge support received during the last months, and in particular during these last 2 weeks.

It’s great to see frens from the ecosystem supporting NOGS, but it’s even greater when that support comes from people who discovered the nouniverse for the first time thanks to this project.

Now it’s time to LFG.

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