The NCTR token is about to launch! Here’s all you need to know.

The day we’ve all been waiting for is on the horizon. In this guide, we outline all the important details in regard to the NCTR token…

Apillon

• 10 min read
The NCTR token is about to launch! Here’s all you need to know.

The day we’ve all been waiting for is on the horizon. In this guide, we outline all the important details in regard to the NCTR token generation event (TGE).

TL;DR

  • The NCTR token generation event (TGE) is scheduled for May 29, 2024.
  • The NCTR token will be available on AssetHub and Moonbeam.
  • Apillon will reach out to all early contributors and pools, and distribute NCTR to target user wallets.
  • The NCTR Airdrop rewards will be delivered in the second tranche after the NCTR is distributed to early contributors by the end of August 2024. Stay tuned for more info and the next steps in the following days.
  • All early contributors (i.e., except NCTR Crowdsale and Airdrop participants) will receive NCTR tokens as per their round deals and a +15% NCTR bonus as compensation for their patience in the token launch.

The countdown begins

It’s finally here. The token generation event (TGE) of Apillon’s native NCTR token is scheduled for late May 2024.

🔎 Note: Token generation event represents the technical launch of a token and its availability for distribution on a chosen blockchain network. It does not directly indicate crowdsale, funding round, or a similar event where the community participates in purchasing the token — these are separate events. However, upon TGE and the token’s availability, the communities that have or will contribute to token purchasing will be eligible to receive the token in their wallet.

Along with the preset distribution scheme (outlined down below), Apillon will also issue special bonuses and giveaways to thank our community for their unwavering support.

But first, let’s recap where Apillon stands at the moment and where it came from.

The metamorphosis of Apillon

Most Apillon community members are familiar with the rebranding from Authtrail to Apillon and the product direction shift that came with it. In the context of TGE, the shift is worth noticing — the community of Authtrail’s AUT token backers now represents early contributors (Pre-Seed) in the upcoming Apillon’s NCTR token TGE.

Today, Apillon’s position within the Polkadot ecosystem, its path to product maturity, and the growing number of users demonstrate its relevance in the field and the bright future ahead.

Currently, Apillon positions itself as a Web3 SaaS development platform offering the following production-ready features:

The comprehensive list of integrations and features did not materialize overnight. They stem from diligent teamwork spanning coding, marketing, and networking efforts, which opened doors to various Polkadot-based solutions and provided the necessary support for technical integration.

Readily available Apillon features have attracted thousands of users, boosting activity on supported parachains through the roof and solidifying the platform’s role in the Polkadot space.

Now, where does the NCTR token come in?

NCTR utilities

The NCTR token is a multi-purpose and widely used asset, covering a range of utility cases for the Apillon platform users and community members.

NCTR token utilities can be split into three main categories, namely governance, incentivization and payments.

The governance aspect is focused on the product, i.e., the Apillon platform, and its narrow scope of user-oriented services and features that participants can help control and upgrade.

The second pillar of NCTR utility is aimed at incentivizing tokenomics actors in various ways while promoting Web3 adoption.

Finally, the NCTR token serves as a payment vehicle for Apillon platform services, complementing card-based fiat payments.

Overall, the NCTR token serves various purposes and enables various utilities catering to both platform users and token holders.

🔎 NCTR utility example: A Web3 developer wants to pay for Apillon services using NCTR instead of Stripe to avoid its 2% commission for each transaction. With NCTR payments, Apillon can split the difference and reward both sides — 1% cashback for the developer paying and 1% reward for all NCTR holders active in the platform’s governance.

For more opportunities enabled through the NCTR token, please check Apillon’s Tokenomics Whitepaper and find your path to earning more NCTR as the platform evolves.

But first, get ready for its launch.

NCTR token generation event (TGE)

Launch date

The Apillon team will execute the token generation event (TGE) in late May, as promised.

The target date of token genesis and generation of the full NCTR supply under Apillon’s control is May 29, 2024, at the latest.

Launch parameters

In the context of generating and releasing a token, a number of factors impact its trajectory and reception on the market. Understanding them is crucial to see the bigger picture of NCTR’s positioning among other assets.

Some events are entirely in Apillon’s control and will be performed as such:

  • TGE (the day of generating the NCTR token on the blockchain network)
  • Bridging the NCTR token to relevant chains
  • Establishing pools and listing NCTR on relevant DEXes
  • Attaching NCTR market makers to compatible DEXes

However, some things cannot be influenced beyond a certain level, the main being NCTR’s listing on a major exchange.

The listing of NCTR token is in the process of being approved on three major exchanges, including a Tier 1 CEX. Tier 1 exchanges currently delay new token listings, with the exception of previously signed contracts. Besides, the Tier 1 exchange Apillon has been negotiating with has not yet provided estimates on the listing date for NCTR — it could happen within one to two months from now, in Autumn, or can even be subject to last-moment rejection. On the other hand, Tier 2 or Tier 3 exchanges enable token listing a month after signing the contract.

In general, the vetting process linked to token listing on a CEX is not only extremely expensive but also delivers zero guarantees. To ensure the best outcome and opportunities for the Apillon team and the community, the token launch was adjusted accordingly.

Instead of spending another year convincing CEXs to list NCTR, the token will be generated and released to the community through a different path while the Tier 1 CEX listing efforts will strengthen again in the future.

Launch roadmap

Within the broader context of generating Apillon’s native NCTR token, the adjusted launch roadmap is as follows:

  1. The NCTR token generation event (TGE) will take place on May 29, 2024, at the latest, on AssetHub. On the same day, token’s vesting period for all eligible contributors will begin.
  2. Right after, Apillon will submit a proposal to Moonbeam Governance to register the NCTR token as a cross-chain asset on Moonbeam. The Governance approval period is about 14 days.
  3. Apillon will execute the NCTR token transfer across bridges between AssetHub and Moonbeam. Once the NCTR token is bridged, Moonbeam will become the main chain of NCTR distribution to contributors.
  4. The NCTR token will become available on two Polkadot parachains — AssetHub and Moonbeam. By launching on AssetHub, NCTR will become bridgeable to Ethereum once Snowbridge goes live on Polkadot.
  5. Following NCTR availability on Moonbeam, Apillon will establish liquidity pools with two trading pairs on HydraDX and Stellaswap DEXes.
  6. On June 30, 2024, Apillon will start reaching out to early contributors and pools to initiate the NCTR distribution process to target user wallets. All token details will be aligned with the signed SAFTs.
  7. Upon completion of target wallets acquisition, smart contracts with vesting will be deployed to eligible accounts, and early contributors will be able to claim their tokens.
  8. Pending NCTR Airdrop rewards will be delivered in the second tranche, approximately two weeks after NCTR is distributed to early contributors.

DEX listings

It is important to note that the above token launch roadmap is not just a back-up option. Discussions with peer Polkadot projects and market makers have revealed the following good practices to ensure long-term token price health:

  • Initial launch on smaller exchanges or DEXes performs better than targeting large platforms.
  • DEXes can be a great venue for ensuring token liquidity, given that initial liquidity is provided by the team and constantly monitored by a market maker who understands DEX trading.
  • Initial volumes from smaller CEXes and DEXes can serve as a good sign of healthy history and/or volume, making larger exchanges more likely to approve token listing later on.

Another benefit of starting small on HydraDX and Stellaswap is the fact that both DEXes recently received 1 million DOT from Polkadot’s Opengov Treasury to boost DOT liquidity, turning them into valuable volume competitors against smaller CEXes. NCTR has a significant opportunity to tap into the increased volume and traffic generated by a growing number of HydraDX and Stellaswap traders.

Regardless of the initial launch scope, Apillon will continue to pursue the CEX listing route in the following months, utilizing the trading pair volumes on DEXes to back the CEX application arguments.

The time to launch NCTR and bring it to early backers is optimal, as the Apillon platform boasts significant traction on the market, and the token’s utilities have matured to satisfy community demand.

Technical capabilities

Previously, NCTR was supposed to be minted on Astar or Moonbeam. However, after researching the networks’ interoperability capabilities and re-evaluation of best TGE practices, the Apillon team has decided to mint the NCTR on the AssetHub common-good parachain and, from there, move it to Moonbeam, making Moonbeam the primary network for NCTR distribution.

This kind of approach utilizes most of Polkadot’s amazing interoperability functionalities, makes the NCTR token easily swappable between several parachains, and allows NCTR to reach beyond Polkadot to EVM-compatible chains via sophisticated bridging.

We can proudly say that despite technical challenges, all of the targeted bridging scenarios on testnet were thoroughly evaluated and tested. Apillon can thus confidently launch the NCTR token as planned and capable of standing the test of time through interoperability by design.

To recap:

  • Polkadot infrastructure ensures interoperability between parachains, making NCTR available on parachains with this specific functionality.
  • AssetHub, as a common-good parachain, allows for easy token minting with further interoperability options.
  • Transferring NCTR from its genesis parachain to Moonbeam unlocks EVM smart contract capabilities, enabling multiple token utilities.
  • With NCTR minting on AssetHub, it will be easily bridged to Ethereum via a trustless bridge.
  • Trading NCTR will be enabled by HydraDX, Stellaswap, or other Polkadot DEXes thanks to Polkadot’s underlying interoperability.

NCTR goes live, then what?

Genesis NCTR allocation

The total supply of NCTR at its launch will be 150 million, 1.35% of which (2,083,000 NCTR) will be allocated to the participants in Polimec-based Crowdsale.

The majority of NCTR supply is reserved for early supporters (Pre-Seed). A big chunk will also be allocated to the Developer Adoption Fund (over 46 million NCTR) to boost the adoption of Apillon, integrated partners, and underlying technologies of Polkadot and parachains.

  • Pre-Seed: 51,750,000 (34.5%)
  • Developer Adoption Fund: 46,967,000 (31.35%)
  • Strategic Round: 25,000,000 (16.7%)
  • Team: 15,000,000 (10.0%)
  • Seed Funding: 6,325,000 (4.2%)
  • Community Round: 2,875,000 (1.9%)
  • Crowdsale: 2,083,000 (1.35%)

Early contributors, pools, and AUT backers

All early contributors, pools and other AUT (Authtrail) backers are eligible to receive NCTR tokens in the same amount as promised in the AUT Pre-Seed round.

No deals have changed except for the token ticker, which has changed from AUT to NCTR following the product rebrand.

Besides, all early contributors (i.e., except NCTR Crowdsale and Airdrop participants) will receive NCTR tokens as per their round deals and a +15% NCTR bonus as compensation for their patience in the token launch.

☝️ Disclaimer: Apillon will deliver NCTR to all eligible pools or individuals who entered the pre-seed round. Contributors who have backed the AUT token through a pool can only claim NCTR from that same pool and not from Apillon. Users, pools or accounts who lost access to the wallet eligible to receive NCTR tokens will not be able to change their target wallet in the process. There will be no exceptions to any of these scenarios.

Incentivization through NCTR

The genesis NCTR token allocation has a slight change compared to the AUT allocation.

The main change stems from the creation of the Developer Adoption Fund, where nearly a third of the NCTR supply would incentivize user acquisition, development and adoption of the platform and supported technologies, ultimately leading to greater exposure in the emerging Web3 market. Large incentivization pools proved to be the driving force behind token value in projects like Arbitrum, Blur and others.

At the same time, the Apillon platform is upgrading to an open-source level. This typically relies on a larger audience, not only a few individuals. Expanding the audience of NCTR holders is, therefore, key to mobilizing the immense ecosystem of Web3 open-source developers who aim to improve products through bounties and expand their functionalities.

In this scenario, NCTR directly rewards everyone who contributes to an improved product offering.

It goes without saying that a heavy incentivization fund comes with a large responsibility. The majority of incentivization NCTR will be distributed fully transparently with the help of the community through NCTR Governance. Everyone holding or having locked NCTR will be able to participate in decentralized governance to vote, review proposals, decide on releasing NCTR into circulation and be rewarded for doing so.

Utilities — enabled

Once the NCTR token is distributed, Apillon will open the gates to community governance on the Townhall platform. Townhall will serve as the primary channel for NCTR holders to participate in incentivized governance and co-govern Apillon’s product scope.

Next, the Apillon platform will integrate NCTR as a primary payment vehicle, creating a clear NCTR demand on the market and potentially affecting the demand volume.

The token will further facilitate utilities targeted at non-developers, including incentivization to earn more NCTR. To learn more about how to farm NCTR, please refer to Apillon’s Tokenomics Whitepaper.

3, 2, 1, NCTR!

It might sound cliché, but the future of NCTR depends on you.

NCTR aims to unite people from all walks of Web3 life: developers, builders, voters, and traders. And your role in it matters.

As Apillon sets out to become a global Web3 player with NCTR materializing new utilities and market values, every type of support can have a butterfly effect.

Many of you have been waiting for the NCTR token for quite some time, and the Apillon team greatly appreciates your patience. We thank everyone who backed and believed in the project from day one.

Now, it’s time for Apillon to spread its wings, and for the whole community to tap into the NCTR pool.

So spread the word, provide feedback and help Apillon reach sky high with the power of NCTR!

Stay tuned for more updates on TGE and get ready to collect your tokens! 🦋

⧓ About Apillon

The Apillon platform serves as a unified gateway to the Web3 services provided by linked Polkadot parachains. Following the multi-chain vision, Apillon powers the transition of developers to Web3, simplifying its adoption in the real economy, and expanding its versatility as the ecosystem grows. With Apillon, Web3 services are within reach for every developer, regardless of their background and experience with blockchain technology.

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