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Home All Events - Ape O'Clock Nawarat Mainnet Launch


Dec 10 2022


10:00 am

Your Time

  • Timezone: America/New_York
  • Date: Dec 10 2022
  • Time: 5:00 am



Nawarat Mainnet Launch

Launch of NFT appraisal tool on BSC.

  • Mechanics & Features
    • Nawarat is an NFT appraisal oracle that appraises NFTs via a dynamic bidding process where users or nodes place bids and earn rewards or penalties based on the final settlement price
    • The bidding process is divided into rounds and each round is broken down into; creating a pricing session, participating in the pricing session and settlement
    • Anyone can request an appraisal for any NFT
    • Appraisal nodes bids for the NFT – an address is only allowed to participate in each appraisal once
    • According to the deviation of the user’s bid from the final appraisal, a users is rewarded or penalised – if the deviation is less than 5%, the user will be rewarded, and if the deviation is more than 5%, the user will be penalised
    • $NWT will be the reward and governance token (not launched yet)
      • Token utility – appraisal access, reward participating users and bidding nodes, staking (-ve model) to receive a share of transaction fees, voting right
    • Roadmap includes multi-chain expansion
    • The tool is currently available on Goerli testnet
  • Tokenomics
    • Token symbol: NWT
    • Token supply: 1,000,000,000
      • 10% — Initial offering (100% at TGE)
      • 40% — Community incentives (20% at TGE, then quarterly vesting over 3 years)
      • 20% — Team (6 months cliff, then quarterly vesting over 3 years)
      • 15% — DAO Treasury (reserved, community decides on allocation)
      • 10% — Investment (20% at TGE, then quarterly vesting over 3 years)
      • 5% — Kick-off of community operations (100% at TGE)
Links & Resources
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