NEXTYPE
  • 🎮NEXTYPE
  • 🔥BTC Lottery Pool will be officially launched!
    • Rules
    • Tutorials
    • FAQ
  • ⚔️NEO FANTASY Pre-launch Events
    • Tutorial For NEO FANTASY Pre-launch Events
  • 🔥THE ULTIMATE NT BURNING PLAN — 575,000,000 NT To Be Burnt
    • The Options Of NT Locking Pool in The First Round
    • The Options Of NT Locking Pool in The Second Round
  • About NEXTYPE
    • 📛NEXTYPE Intro
    • 🌠NEXTYPE Vision
    • 💬NEXTYPE AMA
    • 🙌NEXTYPE DAO
      • 📕NEXTYPE Synthesis NFT Mystery Box Sale
        • Vote for the options of NT Locking Pool in the first round
      • 📘NFT Arena
        • Vote For The Options Of The NFT Arena Setting of Stamina and the Total Prize Pool
        • Vote for the options of the NFT Arena Synthesis NFT Mystery Box Sale in the first round
    • 📑Milestone
    • 📃Whitepaper
    • 📑Previous Events
      • July 2022
        • 🔥NEXTYPE REFERRAL CAMPAIGN
          • 📢NEXTYPE Referral Campaign - Community Leader Incentive Plan
          • Referral Campaign Tasks Tutorial
        • 📢Season 2 In NFT Arena is Official Launched
      • June 2022
        • 📢NFT Master V2 is officially launched!
        • 🔥Season 1 In NFT Arena Official Launch
        • The 1st Season of the Mining Pools on BNB Chain is officially launched
        • 📢The New Mining Pool will be Launched in Mining Tycoon V2!
      • May 2022
        • 🎁NEXTYPE 1st Anniversary Giveaway Event
        • 💎The First Sale Of Synthesis NFT Mystery Box
          • How to Synthesize or Exchange NFT in NFT Master?
      • Apr 2022
        • 💰Leave Traces of NEXTYPE on Twitter
        • 🔥FIND FUTURE GAMEFI — The NEXTYPE x Huobi Tech Metaverse Hackathon
          • 💰Find Future GameFi Hackathon Community-Voting with $1,500 Rewards
          • 🚀Find Future GameFi Hackathon Theme Day Series Campaigns
        • 📢NEXTYPE IGO Officially Launch with $50,000 NFT Mining Pools!
          • NEXTYPE x SeekTiger Joint NFT Mining Pool
            • How to claim the SeekTiger NFT earned on the NEXTYPE IGO platform
          • NEXTYPE x Arc Finance Joint NFT Mining Pool
          • NEXTYPE x BitBow Joint NFT Mining Pool
      • Mar 2022
        • 📑Vote for the DLC upgrade in MiningTycoon V2
        • 🎁MiningTycoon V2 Surprise Giveaway Events
        • 🔥MiningTycoon V1 Commemorative NFTs and Exclusive Avatars Giveaway!
        • 📢Announcement: MiningTycoon V2 is officially launched on both HECO and BNB Chain
          • The Tutorial of Accessing V1 in MiningTycoon V2
        • 📢Announcement: NT Output Stop in MiningTycoon V1
        • 🔥"Hi, My MetaGirl" Hanazawa Kana NFT Mystery Box Sale on Huobi NFT
          • The Tutorial of Purchase Hanazawa Kana Global Executive NFT Mystery Box
      • Feb 2022
        • 🔥HECO MetaFi
          • How to stake in Tycoon Pool?
      • Jan 2022
        • ⚔️NFT Arena Beta Test is officially Launched on both HECO and BSC testnet
          • The toturial of NFT Arena
        • 🔥Soul Reborn NFT Mystery Box Sale on NFT Master
        • Joint Airdrop Plan with TokenPocket
        • Joint Airdrop Plan with BitKeep Wallet
        • 🔥Weekly Life Age Cumulative Ranking Campaign
        • Live Longer to reach age 240 Campaign
        • 🔥New Year's Event
        • 💰Vote for MiningTycoon V2 NFT Mining Pools
        • 💰MiningTycoon V2 New Users Invitation Campaign on HECO
        • 💰MiningTycoon New Users Invitation Campaign on BSC
        • 🚀MiningTycoon V2 Public Beta is officially Launched on HECO
      • Dec 2021
        • 🔥LEAP to NEXTYPE
          • MiningTycoon Limited-Time LP Mining Pool Event on HECO
            • How to Add Liquidity in MDEX to get LP?
            • How to stake LP in Mining Tycoon?
          • MiningTycoon Limited-Time LP Mining Pool Event on BSC
            • How to Add Liquidity to PanCakeSwap to get LP?
            • How to stake LP in Mining Tycoon?
          • NFT Master Service Fee Burning Event
          • MiningTycoon Computing Power Mining Pool Event
            • How to stake in the Computing Power Mining Pool?
          • Level up Event in REBORN
          • LEAPER NFT Auction (HECO Commemorative Edition)
            • How to bid in NFT Master?
        • 🔥User Guide of Miner's Miracle Series NFT
        • 📹Record Your Game Life in REBORN to Win NT and Talent Card NFTs
        • 💰Submit your Game Strategies of REBORN to win rich rewards!
        • 💰Live Longer in REBORN to win 400,000 NT
      • Nov 2021
        • 🔥Details of the First Round Sale of Mystery Box on HECO
          • How to buy Mystery Box or sell Mystery Box's NFT on NFT Master?
        • 📑We are recruiting volunteers!
        • 🔥REBORN Whitelist Beta Test
          • REBORN Beta Test Tutorial
            • REBORN Beta Test on HECO
            • REBORN Beta Test on BSC
    • 📑NEXTYPE Report Monthly
      • 2022
        • Progress Report in February
        • Progress Report in January
      • 2021
        • Progress Report in Dec
        • Progress Report in Nov
        • Progress Report in Oct
        • Progress Report in Sept
        • Progress Report in Aug
        • Progress Report in July
    • 🌟NEXTYPE Brand Kit
  • MINING TYCOON
    • ⚒️Basic Gameplay Description
      • 💾Mining Machine Upgrade
      • 🏗️Mining Farms Upgrade
      • ⭐Pools
      • 🎲Game Items
      • 📋NFT
        • How to change the Shape of Mining Machines with NFT?
      • 🤝Invite Bonus
    • 🚀IGO (Initial Game Offering)
    • 🌈New Game Props Introduction
    • 💎NFT Mining Pool
    • 🏭New Mining Machines
    • 📑Tutorials for Beginners
      • How to lock NT and get vNT in Mining Tycoon V2?
      • How to stake vNT in the vNT Mining Pool
      • How to earn NT
      • Mining machine
      • Mining Farm
      • Game Items
      • NFT Energy Center
      • Treasure Hunting
      • Mining License
      • Inviting Friends
      • How to receive the airdrop rewards?
      • 📑Strategy Guide of MiningTycoon
  • NFT Arena
    • 🔥NFT ARENA
      • Game Introduction
        • NFT Arena - NFT Description
    • 📓Tutorials
    • 💰Events
      • Beta Test
        • The beta test of NFT Arena
        • The new series of synthetic NFT Mystery Box!
      • Warm-up Match
        • NFT ARENA Pre-season Warm-up Match
      • Season 1
        • 🔥Season 1 In NFT Arena Official Launch
  • Reborn
    • 📑REBORN Launch Campaigns Announcement
      • Campaigns on BSC (November 26 - December 15)
      • Campaigns On HECO (November 18 -- November 24)
      • Talent Card NFT Pre-sale on HECO
      • Talent Card NFT Pre-sale on BSC
      • Tutorial about claiming Talent Card NFT on HECO or BSC
    • 📑Tutorials for Beginners
      • What is the Attribute?
      • What is the Life Node?
      • What is Talent Card?
      • What is Life Node Card?
      • What is Life Memorial Card?
      • Other Descriptions
    • 📑Game Guide
      • Beginner's Guide
      • Intermediate Guide
      • Strategies Share By Players
  • NFT Master
    • 🏭NFT MASTER Intro
    • 🗃️NFT Information Summary
    • 📑Tutorials for Beginners
      • How To Enter NFT MASTER
      • How to view NFT in NFT Master?
      • How to trade the NFTs in NFT Master?
      • How to check or use your NFTs in MiningTycoon?
    • How to purchase, check, and sell your NFTs in NFT Master V2?
  • NEXTYPE IGO
    • 🚀NEXTYPE IGO Introduction
    • ⚒️Mining Pools Introduction
    • 📑Tutorials for Beginners
      • 📌Rules for IGO
      • How to Participate in NFT Mining Pool?
      • How to participate in the Candy Pool?
  • Tokenomics
    • 💰$NT Intro
    • 💡$NT Usage Scenarios
    • 🔥$NT Burning Project
    • ⚖️$NT Purchasement
    • ⭐️How to Transfer NT Token between BNB Chain and HECO Chain on Multichain
    • 📑How to Buy NT on MDEX
    • 📑How to swap NT or HT from BSC on iSwap?
  • Announcement
    • 🎁Airdrop
    • 📑Announcement on joint mining activity between MDEX.COM (HECO) and NEXTYPE
    • 🔥NEXTYPE X SafePal WHO Announcement
      • How to stake SFP in MiningTycoon to earn NT?
      • How to claim $NT and Redeem SFP from the Mining Tycoon DApp?
    • 📑NEXTYPE IDO Announcement on the BSC with DODO
      • How to Buy NT on DODO?
      • How to get involved the NT’s IDO Event on DODO?
      • Tutorial about the IDO of NEXTYPE
      • Mission Rules of NT’s IDO Whitelist
  • Tutorial
    • ✨Access MiningTycoon Tutorial Using Your Browser
    • 📱Access MiningTycoon Tutorial Using HECO-Enabled Wallet Apps
    • 📑How to confirm and use NFT won in Lucky Heco Event
      • How to add NFT in MetaMask?
    • NSwap - Cross NFT from HECO Chain to BNB Chain
    • How to switch to HECO Testnet
      • Configure HECO Test network in Token Pocket
      • Configure HECO Test network in Metamask
    • How to switch to BSC Testnet
      • Configure BSC Test network in Token Pocket
      • Configure BSC Test network in Metamask
    • Tutorial: NT Targeted Transaction
  • Smart Contract
    • 📧Smart Contract Address
  • Audit
    • 📜Audit Report
  • 📰Terms of Service
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🔥THE ULTIMATE NT BURNING PLAN — 575,000,000 NT To Be Burnt

PreviousTutorial For NEO FANTASY Pre-launch EventsNextThe Options Of NT Locking Pool in The First Round

Last updated 2 years ago

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To decrease the potential NT circulation, empower the NT’s value as the NEXTYPE ecological token, and bring more confidence into our community, team NEXTYPE decided to start multi rounds NT burning plan starting this May. We expect 575,000,000 NT will be burnt in total.

The NT to be burnt comes from the locked Foundation Reservation and the amount to be mined.

1. NT Token Overview on April 9th

2. NT Burning Plan

1)Since May 2022, 100,000,000 NT from the locked Foundation reservation will be unlocked in 25 months, and 4,000,000 NT will be unlocked every month, of which 75% will be directly burnt. The other 25% will be distributed to the investors of NEXTYPE.

2)Since May 2022, multiple rounds of NT locking events will be launched on the NEXTYPE IGO platform on BNB Chain. According to the amount of NT locked by users in each round, the community will vote to determine the number of NT burnt until the burnt NT reaches 500,000,000.

Before each round of the NT locking event, a vote will be launched on the Snapshot to let the community decide X * locked NT Amount will be burnt.

For example, if the X voted by the community is 5 and the NT locked by the user is 20 million in the same round, the 100 million NT will be burnt.

3. New NFT Synthesis Gameplay to Accelerate the NT Burning

To encourage users to participate in the NT locking event and accelerate the NT burning, team NEXTYPE will issue a new synthetic NFT collection on BNB Chain. The highest level NFT can be exchanged for NEXTYPE Genesis NFT.

  • The multi-round NFT Mystery Box sale will be held to cooperate with the NT locking events, and the sales quantity, sales unit price, and the number of Genesis NFTs that can be synthesized in each round will be decided by the community.

  • There are three levels of synthetic NFT. The lower level can synthesize into the higher level NFT, and the third level NFT can be exchanged for Genesis NFT. The way to obtain the lower level synthetic NFT is to buy the Mystery Box or participate in the NT locking event.

  • NT proceeds from selling Mystery Box have three usages:

1)50% will be directly burnt

2)25% will be distributed to all addresses holding Genesis NFT

3)25% will be transferred into the Community Treasury

All proceeds from selling Mystery Box will contribute to the NEXTYPE ecosystem.

  • Community voting will be held regularly to determine the NT usage scheme stored in the Community Treasury.

The details of the synthetic NFT collection will be announced soon.