💲NODO Tokenomics
Last updated
Last updated
The NODO token serves as the backbone of the NODO prediction market, powering the platform's ecosystem by incentivizing participation, ensuring security, and driving governance. Here's how the token utility works:
Prediction Rewards: Users who participate in prediction markets can earn XP Shares as rewards for continuous participations. This creates an incentive for users to contribute high-quality insights and engage consistently.
Community Engagement: Tokens will be distributed to active community members, such as key opinion leaders (KOLs), ambassadors, and affiliates who promote platform growth and adoption. This incentivizes word-of-mouth marketing and viral growth.
Active User Incentives: High-activity on-chain trading addresses with strong monthly and weekly active user counts (MAU/WAU) will be rewarded with NODO tokens, encouraging frequent trading and participation on the platform.
Voting Rights: NODO token holders can participate in platform governance by voting on key proposals, including updates to market rules, security enhancements, and ecosystem developments. This decentralizes control and gives the community a voice in shaping the platform.
Security Council Election: Token holders can vote to elect a council of security stakeholders responsible for managing the liquidity pool and ensuring the security of the prediction markets.
BUIDL Grants: The NODO token supports innovation through grants to developers and technical experts who build new financial solutions for prediction markets. This helps grow the ecosystem by funding projects that expand use cases and improve data aggregation.
Project Rewards: Projects within the ecosystem that successfully broaden the application of prediction markets and enhance user experiences are rewarded with NODO tokens, driving further platform adoption and use-case expansion.
Security Funding: A portion of liquidity is allocated to security operators (trusted stakeholders), who manage the liquidity pool and safeguard the system. Their compensation is tied to the NODO token, ensuring alignment with the platform's security goals.
No-Loss Staking: Users can stake their NODO tokens within the platform, ensuring that their capital is secure and potentially earning rewards without the risk of financial loss.
