Phase 1 (completed)
Phase 1 started on Jun 2023 and was officially completed 1 month before the launch of our LP crowdfunding on Party.
During this phase, around 500M NOGS have been farmed by more than 300 active holders who proliferated NNS and NOGS on Twitter.
Requirements for Phase 1 were:
Owning at least 1 NNS
Adding .⌐◨-◨ to your Twitter name
Rewards calculation
All the NNS tiers have been treated equally
Reason: Even if NOGS didn't even have a price at that time, this ensured a more uniform distribution among holders and eliminated the risk of whales concentration.
Nounish Club (0-9999) generated a smaller reward
Reason: Considering the free distribution of Nounish Club numbers, we decided to assign a reward smaller than that assigned to paid tiers.
Gold
20000 NOGS
Silver
20000 NOGS
Red
20000 NOGS
Nounish Club (0-9999)
5000 NOGS
Important note:
1 year ago, both NNS and NOGS infrastructures were deeply different compared to their current state.
NOGS started as a proliferation token with no price that wasn't tradable.
NNS and governance participation within the Nouns ecosystem were the only way to get some NOGS.
The recent launch of the NOGS LP and the release of NOGS v 1.0 required a substantial update of the reward dynamics, thus paving the way for Phase 2.
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