NERCOIN (NERC)

NERCOIN (NERC)

NERC is a token used as change media for the event participation inside the Nergame platform. As with the other ERC20 tokens, all the interactions with NERC are inside the Ethereum blockchain. This blockchain and its wallets are widely used these days and its use is very simple.

For the initial ICO of NERC and also the second one we will use a token called Nercoin created in WAVES network given the low comissions of this network. Once both ICOs are finished we will create a smart contract to change the NERC assets from the WAVES token to the ERC20 token in Ethereum netwok.

This token, unlike many others, is deflationary type, since as the events take place on the platform, a certain amount of NERC will be burned, thus increasing their value more and more.

BUYING NERC

To be able to participate in the different Nergame events, it is required a previous subscription that must be paid using NERC. All the subscriptions and the rewards use the NERC token, so they will generate a high demand in the market.

As a viewer, it is also necessary to buy NERC to be able to sponsor the desired players. The player gets a 70% of this sponsor and the platform gets the remaining 30%.

OBTAINING NERC

The event winners get a percentage of the benefits generated by this event. The percentage of these benefits are explained in the section The Platform of the whitepaper.

Also is possible to get NERC as a player, getting the sponsor part of the viewers independently if the player has won or not the event.

CHANGING NERC

The obtained NERC, doesn’t matter the way, can be changed by real money or can be used to make all types of buys inside the Nergame platform.

The real money change will be subject to the change type of this moment in the market.

BURNING NERC

Given the deflationary type of NERC, a determined quantity will be burned when the event finishes, so the market value will be incremented.

The burn percentage will be 5% of the total NERC get through all the event subscriptions. The greater the participation, the greater the NERC burn.

Event rewards

At the end of every event, the top 3 players will receive part of the total NERC accumulated in the event based on their scores. The other part of the total NERC accumulated will be distributed in two parts, a little percentage to the platform and the part that will be burned.