Minting Structure & Distribution
Last updated
Last updated
The $NEON token is 100% pre-mined and owned by the tokenizednft smart contract.
$NEON token can only be issued by the tokenizednft smart contract in a 1:1 exchange for a Neon Space Blend Token (). This blend token NFT can only be issued by through the burning of neonspacenft assets.
Any new supply of $NEON is directly tied to the introduction of new NeonSpaceNFT releases that produce more qualifying assets for burning and thus new $NEON creation. This makes the distribution model tie the value of $NEON token to the floor price of the NeonSpaceNFT assets on the market.