TechFlow news, on April 20, the digital nation project Nation3 DAO revealed its token and economic mechanism. The token, named NATION, has an initial supply of 42,069 tokens, with 80% allocated to the community and 20% to the team. By staking NATION, users receive veNATION, and a certain amount of veNATION can be used to mint non-tradable Nation3 DAO NFTs. Holders of these NFTs become citizens of Nation3 DAO, gaining various rights including governance and voting.
Earlier report: Luis Cuende, co-founder of Aragon, announced the launch of Nation3 DAO on social media on April 10, aiming to build a digital nation. Users could participate by replying to the related post with their ENS domain and retweeting. The snapshot was taken on April 18.
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