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Tokenomics
The goal of introducing NFT Global token is to provide a convenient and secure means of payment and settlement between participants interacting within the ecosystem on the NFT Global platform, and it is not, and not intended to be, a means of exchange accepted by the public (or a part of the public) as payment for goods or services or the discharge of debts; nor is it intended to be utilized by any person as payment for any products or services not exclusively provided by the issuer.
NFT Global token does not in any means represent any shareholding, participation, title, right, or interest in the company, the Distributor, their respective affiliates, or any other company, or undertaking, nor will NFT Global token entitle token holders to any promise of dividends, fees, revenue, profits or investment returns, and are not intended to serve as securities. It is important to note that NFT Global has no financial investment or trading value. Members can still use the NFT Global tokens to pay for various items on the NFT Global platform, and ownership of NFT Global token carries no rights, express or implied, other than the right to use NFT Global token to enable usage of and interaction within the NFT Global platform.
To promote decentralized community governance for the NFT Global network, NFT Global token would permit holders to propose and vote on governance proposals to ascertain features and/or parameters of the NFT Global platform, with voting weight calculated in line with the tokens staked. The right to vote is restricted solely to voting on features of the NFT Global platform; the right to vote does not entitle NFT Global token holders to vote on the operation and management of the NFT Global Company, its affiliates, or their assets or the disposition of such assets, and does not constitute an equity interest in these entities. This arrangement should not be considered as any form of joint venture or partnership. The community members would drive the development of the NFT Global platform, so NFT Global token incentives would have to be distributed to compensate them for their effort, time, and expertise.
Last modified 1yr ago