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NESS (DarkNess Dollar Share) is an algorithmic token designed to accumulate fees, seigniorage earnings, and any surplus collateral value. The maximum supply of NESS is 800000000:
400000000 (50.00%) will go to the Community through a liquidity mining program spread over 96 months. 100000000 (12.50%) will be allocated to the Insurance Fund over 96 months. The fund will convert its holdings into CRO, which serves as a backing asset for NESS. For instance, if the NESS supply is 100000000 and the Insurance Fund holds 2000000 CRO, NESS holders can burn 1 NESS at any time to receive 0.02 CRO. 200000000 (25.00%) is reserved for development (including marketing, audits, development rewards, community activities, and other operating costs) and will be released gradually across 48 months. 90000000 (11.25%) will be reserved for strategist partnerships and confounding advisors, released gradually over 24 months. 10000000 (1.25%) will be used to seed distribution through DarkBoost and provide initial liquidity via DarkCrypto Dao Fund.DarkNess Dollar presented a model where a cryptocurrency is supported by collateral in part, while the remaining portion is stabilized using an algorithm. DarkNess Dollar functions as a stablecoin where some of its supply is collateral-backed and some is algorithmically maintained. In other words, it is structured as a stablecoin with a portion of its supply floating or not directly backed.
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