DAO and Incentives

The Function of $NEC Token

•Agreement value:

$NEC rewards can be obtained by inviting users to stake $OPEN tokens. For every 1,000 $OPEN that is staked through an invitation, users can mint out the $NEC token, which can be used to increase the release rate of staking rewards.

• Recommendation revenue:

Users can also earn $NEC through recommendation revenue. For example, if a user invites someone to stake $1,000, they can earn 9 $NEC per month.

If they invite 10 people to invest $10,000, they can earn 900 $NEC per month. The $NEC token is net consumable and in demand by users, which can cause its price to increase.

DAO Community rewards

Dividend Cycle: The 12th and 28th of every month

Dividend Algorithm:

If the OG level exceeds the static revenue growth every 15 days, they will receive corresponding levels of dividends based on $sOPEN increment.

Examples:

Assuming the IDO price of $OPEN is 5 USDT, and the newly added $sOPEN value of the whole network is 500,000 USDT with a mint asset of USDT bond, the dividend of a V3 can be calculated based on the increment of $sOPEN. If the increment of $sOPEN is 10,000 USD, the dividend of the V3 can be calculated accordingly.

If the value changes from the initial ideal value, the return will be lower than the ideal value along with the risk-free asset proportion parameter. However, due to the rising currency price, the value of the DAO dividend can still be considerable.