AI Arena, which raised $11 million, held a TGE on Bybit. The current price is 0.07u, and the total FDV of 1 billion is only $70 million.
After carefully looking at the token economic model of $NRN, it is quite interesting.
The institution will not start unlocking until one year later. The initial circulation and release are only 80 million airdrops and 80 million released in subsequent activities.
$NRN token consumption scenarios
1) Players can bet $NRN to participate in ranking competitions, use $NRN to buy batteries to charge NFTs, and pledge $NRN to the fusion pool to increase the probability of obtaining NFTs.
2) Researchers also need to pledge $NRN to participate in research competitions (AI algorithm models)
Now let's talk about where the interesting part is
1. The institution will unlock the token after one year. There are only a handful of chain games that can survive for more than one year after the official launch. The institutions that invested in AI Arena should be the top intellectual representatives. They agreed to do this, Ai Arena must have something outstanding and is a long-term project
2. In such a bear market, the timing of TGE is very interesting. Users should sell the coins as soon as they get them, so why go online at this time, unless it is beneficial for the project for users to hand over their chips at a low price.
3. The first round of AI Arena's lead investor was Paradigm, which always has some genius ideas and showmanship in economic model design. Such as http://Friend.tech, Art gobblers, blur, etc. The token economic model of $NRN should also be supported by Paradigm. The consumption scenario of $NRN tokens is speculated to be limited in the early stage, and it should gradually enter deflation, and the system economy will take an upward spiral growth path.
So, at the current price, you can take the airdrop!