NGP002 proposes a significant update to the Nodle Network’s tokenomics, transitioning from an inflationary to a disinflationary model. The core of this proposal is introducing a token burn mechanism - a portion of NODL will be burned for certain interactions, reducing total supply and aligning incentives with real network usage.

Importantly, this proposal incorporates several changes requested by the Nodle community. Throughout the drafting process, feedback from community members was actively solicited and integrated, ensuring the final proposal better reflects the interests and concerns of NODL holders. These community-driven updates include refinements to the burning mechanism, reward structures and DAO oversight, all designed to make the tokenomics more sustainable, transparent and fair.

NGP002 empowers the DAO to continue refining tokenomics as the network evolves, keeping Nodle’s economic model adaptive and community-focused.

Prepare for the vote

Before NGP002 goes live for voting, we would like to provide a brief overview of how the voting process works, what you need to do before it starts and how many tokens are required for NGP002 to be approved.

Snapshot and Voting Eligibility

• Hold tokens in your wallet: Voting power is determined by a snapshot of NODL balances taken at the proposal’s creation block (Monday’s launch). Only tokens held in your wallet at that time count.

• Pending tokens excluded: Unclaimed token during the snapshot will not count.

• Consolidate addresses: If you hold NODL across multiple wallets, consolidate them into one address before the snapshot to maximize voting power and to save on fees.

Quorum & Timeline

• Quorum: 170 million NODL must participate for the vote to be valid.

• Voting Period: Starts this Monday and lasts 3 weeks.

Token-Weighted voting explained

• One NODL = One Vote: Voting power is proportional to your NODL balance at the snapshot. For example, 1,000 NODL = 1,000 votes

• Fair and transparent: This system ensures stakeholders with larger holdings have greater influence, aligning incentives with network health

How to Vote via Snapshot with the Nodle App

1. Prepare your setup:

   • Update the Nodle App to the latest version

   • Use a second device (desktop or smartphone) to access Snapshot.box

2. Connect your wallet:

   • On the Snapshot proposal page, select WalletConnect

   • Scan the QR code with your Nodle App to link your wallet

3. Cast your vote:

   • Choose For, Abstain or Against

   • Confirm the transaction via the Nodle App (gas fees apply)

Note: In-app voting (without a second device) is under development and coming soon.

NGP002 proposes transitioning Nodle’s tokenomics from an inflationary to a disinflationary model, with:

• Token burning: A portion of transaction fees and network service revenue will burn NODL, reducing circulating supply over time

• Reward adjustments: The daily issuance is lowered by 25%

• DAO oversight: Future tokenomics refinements will be community-governed

By participating, you directly shape Nodle’s economic future. Ensure your tokens are in your wallet before the snapshot and follow the steps above to vote!

Do you have questions about the process? You’re always welcome to reach out to our community team on Telegram, Discord or Reddit!