About

Net Fungible Dollar

NFD IS FOR THE WEB3, FREE THOUGHT & ECOMMERCE ECONOMY.

This generation has found new expression in web3 through art, gaming, entertainment, and events. With Web3, our plans for the banking, events, nft and the media can only be describe as revolutionary. The Net Fungible Dollar is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse and the physical world.

BANKWITHSELF

BankwithSelf is the steward of NFD. It is the base layer on which NFD holders in the NFD DAO can build.
BankwithSelf institutes decentralized and community-led governance and has two goals, growth and evolution. It is tasked with administering the decisions of the NFD DAO through the needs of the growing community, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.
BankwithSelf was created to steward the growth and development of the NFD ecosystem in a fair and inclusive way. It utilizes the NFD Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the NFD DAO and provides an infrastructure for NFD holders to collaborate through open and permissionless governance processes.

THE DAO

NFD DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the NFD ecosystem.
The NFD Expansion Proposal Process will allow NFD DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. NFD DAO membership is open to all NFD holders.

CREATOR & FOUNDER

Satoshi Panda (the DAO’s “Founder”) provides, at the behest of the NFD DAO members. He will administer DAO proposals and serve the vision of the community.

Satoshi Panda

Programmer, Developer, Activist, Spritual Advisor

NFD PROTOCOL

Net Fungible Dollar is an BEP-20 governance and utility token used within the NFD ecosystem to empower a decentralized community building at the forefront of web3. As the open-source protocol layer of the ecosystem, NFD serves several purposes:

Governance

NFD is the ecosystem’s governance token, allowing NFD holders to participate in the NFD DAO.

Unification of Spend

NFD is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.

Access

NFD provides access to certain parts of the ecosystem that are otherwise unavailable, such as an exclusive NFT marketplace, p2p b2p ecommerce payment processing software and system, games, merch, events, and services.

Incentivization

NFD is a tool for third-party developers to participate in the ecosystem by incorporating NFD into services, games, and other projects.

NFD ALLOCATION

The total supply of NFD is permanently fixed at 2 Trillion tokens. No minting capability is exposed through the contract interface, thus the total supply will never increase. Our contract interface does have a 1% auto-burning capability built in.
In line with the standard practice, a portion of the tokens for contributors to the project will be initially locked. Locked tokens will be unlocked over a period of 48 months, in accordance with the unlock schedule in the chart below.
NFD will be distributed among four main groups, as detailed in the chart below. Wallets holding tokens allotted to the DAO treasury and resources can be viewed here.

62% ECOSYSTEM FUND

LITTPANDA NFT holders and treasury/resources

300,000,000 tokens to LITTPANDA
All unlocked for claim at launch
940,000,000 tokens to DAO treasury and resources
235,000,000 unlocked at launch, then 14,687,500 unlocked per month for 48 months

16%* BANKWITHSELF + VISUALIZE

LITTPANDA NFT holders and treasury/resources

300,000,000 tokens to BankwithSelf
Initial lock-up 12 months, then 8,333,333.34 unlocked per month for 36 months
20,000,000 tokens or equal value donated to Visualize
Initial lock-up 12 months, then 555,555.56 tokens unlocked per month for 36 months

14% LAUNCH CONTRIBUTORS

The companies and people that helped make this project a reality

280,000,000 tokens to launch contributors. Lockup schedules vary by contributor but fall into one of the following:
• 20,000,000 tokens upfront, 50,000,000 after 6 months, 50,000,000 after 12 months, and 50,000,000 after 18 months
• Initial lock-up for 12 months, then 1,515,151.52 unlocked per month for 33 months
• Initial lock-up for 12 months, then 1,666,666.66 unlocked per month for 36 months

8% LITTPANDA & NFD FOUNDERS

The ones who put the NFD in NFD, the founders of NFD, LITTPANDA and BANKWITHSELF

160,000,000 tokens to founders of BankwithSelf
Initial lock-up for 6 months, then 4,444,444.44 unlocked per month for 36 months

NFD CLAIMING FOR LITTPANDA HOLDERS

Tokens will be allocated to LITTPANDA members via the claim page after launch on tba at 8:30AM ET.

To ensure a fair launch of NFD to LITTPANDA NFT holders, the allocation is informed by the difference in floor price between each collection of NFTs, roughly the month prior to the token claim launch (tba).

NFT

NFD ALLOCATED PER NFT OR NFT PAIR

LITTPANDA (PER)

25,984 tokens

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