Darkness Share NESSPrice $ 0.00...417

NESS (DarkNess Dollar Share) is the algorithmic token that accrues fees, seigniorage revenue, and excess collateral value. The total supply of NESS tokens is 800000000:

•  400000000 (50.00%) will be distributed to the Community via a liquidity mining program in the duration of 96 months.
•  100000000 (12.50%) will be distributed to the Insurance Fund in the duration of 96 months. It will convert all assets to CRO which is a backed asset for NESS tokens. For example if the supply of NESS is 100000000 and Insurance Fund has 2000000 CRO, NESS holders can always burn 1 NESS and receive back 0.02 CRO at any time.
•  200000000 (25.00%) will be reserved for the development (marketing, audits, dev reward, community engagements and other expenses) and released gradually over a period of 48 months.
•  90000000 (11.25%) will be reserved for the strategist partnerships and confounding advisors and released gradually over a period of 24 months.
•  10000000 (1.25%) will be used for seeding distribution via DarkBoost and initial liquidity by DarkCrypto Dao Fund.

DarkNess Dollar introduced the world to the new concept of a cryptocurrency being partially backed by collateral and partially stabilized algorithmically. DarkNess Dollar is a stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. This means DarkNess Dollar is a stablecoin to have part of its supply floating/unbacked.