Tokens

Introduction to Nether's multi-token protocol.

NETHER ;

NETHER is a synthetic token, designed to be used as a medium of meta-transaction that pegs itself directly to 1/1 ratio of the native ETH price algorithmically. Nether Protocol provides a seamless single-side token bridge to the token itself. When this function combines with meta-transaction contracts, it allows NETHER to act as an alternative way of paying transaction fees across all L2 ecosystems.

nBond ;

nBond is the platform’s value acquiring tool with two different bonding mechanisms, consisting of Internal and External Bonding. Internal Bonding monitors NETHER price and protects the protocol by supplementing nBond when the peg is below its determined ratio according to TWAP. The bonding mechanism allows Nether to re-gain its determined peg by selling nBonds at a discount in exchange for NETHER token.

Users who have decided to purchase Internal Bond as nBond can be redeemed for NETHER when the price is above peg once again, in addition to a bond premium incentive for the amount of their holding period.

On the other hand, Nether Protocol incentivizes its users with nShare emission who have purchased External Bond via accepting LPs from various currencies or paired LP assets combining with NETHER. Users will be able to stake their bond for a greater premium and additional yields, in the reciprocity of their trust to the protocol.

nShare ;

nShare is the organic way of producing NETHER tokens. During epoch expansions the protocol mints NETHER and distributes it proportionally to all nShare holders who have staked their tokens in nShare Vault.

nShare holders acquire a limited percentage of the platform’s revenue regarding their contribution and trust to the protocol. Users are able to decide whether stake their nShare tokens to be rewarded with NETHER token emission or to vest their nShares and convert into the venShare to be rewarded with both NETHER token emission and platform’s revenue directly.

nShare has a maximum total supply of 3.03b tokens distributed with an emission schedule that is designed to continuously decrease in time.