#[ NCIP 20 ] NCG Staking-Based NCG Distribution - 24.08.14

14 messages · Page 1 of 1 (latest)

celest marten
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Full NCIP : https://github.com/planetarium/NCIPs/blob/ncip-20/NCIP/ncip-20.md

[ Abstract ]

A system is scheduled to be released that will distribute NCG generated from validation rewards and NCG used by players on the chain to users currently staking NCG through the GUILD system and PoS release. During the preparation process for this system, there will be three manual distributions starting from August, along with related preparations.

[ Context ]

Nine Chronicles ecosystem is preparing for a transition to PoS (Proof of Stake). One of the preparations for this transition is the development of the Guild system. A key feature of the GUILD system being developed is that "members of the GUILD will receive rewards for block validation (limited to the ODIN chain) and a portion of the NCG used by users on the chain will be distributed among the Guild, validators, and players in a specific ratio."

[ Rationale ]

Please refer to NCIP-19 for a detailed explanation of the GUILD system.

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[ Specification ]

As we are preparing for the transition to PoS, we would like to manually proceed with the NCG distribution feature, which is one of the related functions.

  • Some operations of the Monster Collection will be modified, and players will receive NCG in addition to the current items when claiming rewards.
  • During Q3 and Q4 of 2024, there will be three manual distributions to test this reward system.
  • The final distribution process in the system will be different from these manual distributions. However, before the system is implemented, we will proceed with a preliminary distribution based on the NCG used within the Monster Collection.
  • Currently, Planetarium Labs and Nine Corporation are staking 10 million NCG per chain, and the rewards generated from this staking are being used to sell as mobile packages. Although this represents 28% to 34% of the NCG staking per chain, for this manual distribution, the maximum ratio applied will be limited to 25%, allowing for a more significant portion to be distributed to the players.
  • The first distribution is scheduled for mid-August, and it will calculate the NCG distribution based on the amount of NCG used from July to the snapshot taken before the distribution, including a portion of the NCG used for Adventure Boss bounties and floor unlocks. The distribution ratio will be determined based on the amount of NCG staked.
  • After the first distribution in August, the second distribution will take place in September, with a potential third distribution depending on the development schedule. In the second distribution, in addition to the NCG used for adventure bosses, all NCG used by players across the chain will be redistributed. The sections where NCG usage will be redistributed are as follows:
-------------- ---------- --------------------------------------------------------- 
1st            Mid-Aug    NCG used for Adventure boss from
                          Jul to mid-Aug                                                
2nd            Mid-Sept   NCG used for adventure bosses from mid-Aug to mid-Sept
                          + 9C gameplay NCG from Jul to mid-Sept  
3rd            Mid-Oct    NCG used for adventure bosses from mid-Sept to mid-Oct
                          + 9C gameplay NCG from Sept to mid-Oct```
-# 9C gameplay NCG spent on the following: Shop Fee / Item Upgrade / Arena Ticket / World Boss Ticket / Event Dungeon Ticket / Rune Enhancements / Rune Slot Unlock / Pet Enhancements / Adventure Boss Bounty / Adventure Boss Floor Unlock
- The minimum unit for this distribution will be 0.01 NCG, and any player allocated less than 0.01 NCG will be excluded from the distribution.
- For the ODIN chain, only users who have migrated after Monster Collection V2 or started staking after block 4286628 will be eligible for distribution.
- After the initial manual distributions, an automated system for NCG distribution based on the GUILD system will be released. When this system is released, a more detailed explanation will be provided, but the current plan is to calculate the amount of NCG to be claimed up to that point when players perform a Monster Collection claim action, allowing them to receive NCG along with the item rewards.
brave tinsel
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As there were no negative opinions or objections regarding the proposal, we will proceed with the first round of manual distribution. We appreciate your continued interest and feedback.

marble pecan
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@brave tinsel the TX's with the transfers seem to be lacking the "updated address" as we can't see the tx's on our agents.

brave tinsel
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Yes, so we will update the detailed distribution data tomorrow.

marble pecan
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Thank you RainbowNod

brave tinsel
marble pecan
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Thanks 🙏

distant cairn
brave tinsel
distant cairn
brave tinsel
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The second manual distribution, which involves distributing the NCG used for gameplay in each 9c chain to users participating in NCG Staking - Monster Collection, has been completed. Distribution will continue next month, and the system that automatically distributes NCG when Staking Claims are made is expected to be released on the mainnet soon. We kindly ask for your continued interest in NCG Staking. You can check the detailed distribution report through the following document.
https://docs.google.com/spreadsheets/d/1g9sUXPElX_UjN_3yFw2reHB65UtAbBVCXH59wBPmYYw/edit?gid=0#gid=0