Tokenomics of $ANCO
What do I get for staking my NFT?
65% of the tokens will be given to NFT holders thru staking.
One NFT staked will get up to 62,500 $ANCO (50%)+ 18,750 $ANCO (15%) bonus when they stake for 365 days without unstaking.
$ANCO tokens only go to NFT Holders. No token giveaways, no free airdrops, no special allocations, nothing that devalues the token relative to its IDO price
How are the other $ANCO tokens being allocated?
10% Adoption Rewards — Future rewards for users of the Ancora platform
15% Strategic Reserve — Buffer for those unexpected situations like, CEX listings, funding liquidity pools, acquiring new strategic talent or partnerships with long vesting period. It is not mean open market sales.
15% IDO Sales- For Future investors that missed out on the NFT launch and want to participate in the growth of Ancora.
What is Ancora DAO?
All fees collected will be placed into Ancora DAO. This will help to cover operating expenses for hiring talent to grow Ancora. 10% of Royalties from NFT sales will be moved to Ancora DAO which all $ANCO and Ancora NFT holders ownership.
Disclaimer:
Tokenomics as suggested here for $ANCO is based on what we see in the have been done historically by other projects and what is best for seed investors that hold and stake our NFT.
Will $ANCO Dump after IDO?
Most FUDDers will come in and say “Don’t ape into the IDO. whales will dump on you”.
Fundamentally, why does a token always have to drop post IDO is mainly due to huge giveaways, airdrops and high marketing expenses. At Ancora, We do not give anything to influencers and huge airdrops to generate hype. Every mint is genuine and is a believer in Ancora.
Moreover, we have never engage in paid marketing. No tokens was given to influencers or promoters and there is no VCs round. Meaning there is literally no one to dump on the IDO buyers. With a maximum of 0.14% supply of $ANCO being supply into the market on a daily basis which makes it impossible to crash $ANCO token price.
Dumping is usually the result of earlier investors or team members selling big amount of equity below the current market price. We don’t practice such ill practice here and investor start off the same footing.
With a stable tokenomics, holders are able to enjoy substainable growth and team can focus on shipping real and meaningful product in the Solana Ecosystem.
TLDR
All funds raised thru Ancora NFT will be used to developed Ancora Platform where future fees will be depositing into Ancora DAO where all NFT and $ANCO have ownership over. NFT holders are the first investors into Ancora.
