Colony: Tokenomic

Colony is a community-driven project. So the tokenomic was also designed by the community and for the community. Colony will have two types of token non-fungible (NFT Land) tokens & fungible governance (CLNY) tokens.

Community controls 100% of the NFT Land token supply

To start your journey, you need at least one piece of NFT Land.

The planet we are going to colonize is split into 21,000 equal pieces. All of them are available for the claiming immediately, right after the Settler is set on the blockchain

NFT Land Economic & Minting logic

NFT Land to claim 21,000 pieces
Claiming currency ONE
Claiming fee* 500 ONE / Piece
Launch discount 50% 21 day and 10% of land**

*A 50% of collected ONE token will be used to kickstart liquidity for CLNY-ONE pair on a major AMM DEX
**A 50% discount will be available to all users during the first 21,000 minutes (approx 14.5 days).
** Discount will continue to be active if after 21000 minutes less than 10 % of land is claimed.

Token Dependencies & Usage

Community controls 100% of the CLNY token supply

We to make the project fully decentralized we decided to allocate 100% of the CLNY token supply to community.

Token distribution % Amount
NFT Landlords 49% 70,952,000
Community Treasury (DAO) 31% 44,888,000
Liquidity Mining (DAO) 20% 28,960,000

Token Minting logic

The initial CLNY supply is 0 CLNY tokens
Max CLNY supply is 144,800,000 CLNY

NFT Landlords will be eligible to mint 1 CLNY / Day / NFT Land

For example:

  1. Andy purchases 1 piece of land. From the moment he got it in the wallet, he started earning 1 CLNY per day
  2. Bob purchased 3 pieces of Land. So he is eligible to earn 3 CLNY per day and so on

To make the CLNY minting race more adventurous, both Andy and Bob can build improvements on their land, make it more valuable, and increase CLNY minting speed.

Economic of Land improvements

Every Landholder has an opportunity to build economic improvements on their land. The improvements are optional, but they will boost the economic growth of the Land it builds on.

Landowners can build 4 type of facilities on their land: Base Station, Transport, Power production and robot assembly line. Items like Transport, Power and Assembly can be additionally upgraded to generate higher yield and bring additional benefits to the landowner.

Improvements Mint CLNY per day Mint CLNY Per year Price per improvement in CLNY
Land plot NFT 1 365 0
Base Station 1 365 30
Transport (level 1) 2 730 120
Transport (level 2) 3 1095 270
Transport (level 3) 4 1460 480
Robot assembly (level 1) 2 730 120
Robot assembly (level 2) 3 1095 270
Robot assembly (level 3) 4 1460 480
Power production (level 1) 2 730 120
Power production (level 2) 3 1095 270
Power production (level 3) 4 1460 480

Token Circulation Flow

By building a combination of improvements you can boost CLNY minting speed for a particular piece of land.
For example, if Andy has an empty piece of land, he earns 1 CLNY / day, but if Bob has a Piece of land + Base station + Transport (level 2) + Assembly (level 3) he earns 1+1+3+4 = 9 CLNY / day

Important to know

  1. Fee collected from purchased improvements is burned during the same transaction.
  2. Token minting process starts since the first piece of NFT Land is claimed
  3. Token minting process will be stopped automatically once Max Supply is reached

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6 Likes

Seems there is a typo in the Token Dependencies image: Community Treasury and Liquidity Mining in the image shows 30% and 21% resp.
While the in the token distribution table below the image it says 31% and 20% resp.

2 Likes

hey @DoppyPope good catch. This is the true:

1 Like