Neos Credits/FAQ
As a supplementary page to Neos Credits here is a FAQ to answer some of the questions we see regarding NCR. We'll update this with questions as they come in.
How NCR works?
Who can own/mint NCR?
Anyone can. You just need an ERC-20 compatible Ethereum wallet.
How much NCR is currently available?
This varies depending on what you're asking and when you're reading it. You can read some of our key details about this on our Neos Credits page. Look for the key details section and then look at our website. For some specific questions see below:
How much NCR is in circulation?
Check our website, look at the NCR section and see the section titled "total minted so far", the number of the left is the amount of NCR in circulation.
What is the total supply?
You can read about this on our website or our whitepaper but in summary: 50 Million.
What is a batch/how do batches work?
Every time a batch of 100k NCR is minted, the price to mint new NCR increases by 1.25% (this is fixed relative to USD). The price to mint the first batch was indeed 0.06 USD.
How do I know what batch we're currently on?
Check our website's NCR section for the "Minting Batch" number.
How much does NCR cost?
NCR's price is tied to USD and will change. So check our website for the current price. In the NCR section its listed under the text: NCR minting price.
When did the NCR ICO Start?
It started on: 2018-07-16, AKA 16th July 2018.
When does the NCR ICO end?
It ends once 50 Million coins have been minted. You can see the current minted amount on our website.
Can I stake NCR / Is there staking?
No, not at this time.
Is NCR/Neos a DAO can I vote on stuff?
No, we're not a DAO.
You can vote on new features though by thumbs upping them on our GitHub or voting on them with your Patreon priority vote
Does Neos mine cryptocurrency when it is running?
No.
Does Neos use NFTs?
No, we don't.
See our article on Environmental Impact and Sustainability for more information.
I'm worried about impact on the environment, what can you tell me?
Our page on Environmental Impact and Sustainability explains our approach here.
Acquiring / Owning / Using NCR
How do I buy/get NCR?
There are four ways to get NCR:
- Mint it through our NCR ICO.
- Buy it through an exchange:
- We're currently only on Uniswap, but other exchanges may be used in the future.
- Subscribe to our Patreon which will give you some NCR monthly.
- Buy it from other players in-game.
How can I mint NCR?
Send ETH to the minting address listed on our website, from an ERC-20 Compatible Wallet. You will receive your NCR back within 48 Hours.
See our tutorials for more detailed information.
How much can I mint now?
That's practically unlimited, but check our website's NCR section and see the section titled "total minted so far", the number of the left is the amount of NCR in circulation. Subtract that from the total supply (50 Million) and that's how much you could mint.
I sent a low value ETH transaction to the mint/ICO, why have I not received any NCR?
As per the whitepaper: "The value of NCR obtained directly corresponds to the minting process batch pricing minus a network transaction fee". In the case of low value transactions the transaction fee exceeds the value of ETH that was sent and as such we cannot return NCR to you.
What terms/agreements/guidelines/policies are in place when I participate in the mint/ICO?
By minting NCR via the ICO, you agree to all terms in the Neos whitepaper.
Can NCR be mined?
No, it can only be minted or purchased.
How can I sell NCR?
You can sell NCR in a number of ways:
- Through an exchange:
- We currently only support Uniswap. Check our website, for a link to the Uniswap pool. Its in the NCR section.
- To other players in-game. This is not officially supported so at your own risk.
Does Neos have land I can buy/sell/own?
No, we don't.
Does the ICO/Mint support WETH, USDC or other coins/tokens?
No, we don't. Please only send ETH.
Why would I mint NCR when I can buy it?
Buying NCR on Uniswap etc, can sometimes lead to a worse price than the minting price. It varies depending on a number of factors. Minting also puts more NCR into the economy which will lead to new batches and price increases of NCR. So if you can it is in your best interest to Mint when possible.
What can I use NCR for?
You can use NCR for a number of things right now:
- Buying Storage in-game
- Tipping users for their creations
- Contracting users for making items - We don't have an official contract/invoice system but this is on our roadmap
But that's not all, on our roadmap is:
We do not have plans for any NFT functionality right now.
Can I buy storage with NCR?
What price will I get when I mint tokens through the ICO?
When submitting a transaction to the ICO/Mint, you'll get your ETH converted to NCR using the price shown on the Neos Website at the time of the transaction's confirmation.
This does not apply to Uniswap or other exchanges, please see the documentation or information on how those exchanges work to understand how your price is determined.
When did NCR get added to exchanges?
- Uniswap: 28th September 2020
Patreon
Can I Opt-Out of receiving NCR with my Patreon pledge?
Yes, see our Patreon page for more information.
Can I Opt-Out of receiving NCR from other players?
Yes, see our Patreon page for more information. It has Opt-out information.
Goals & Growth of NCR
Why Crypto, why not just a Virtual Currency?
Our page on Environmental Impact and Sustainability explains this.
Is NCR Listed on any Trackers?
We're listed on quite a few sites:
If you know anymore please add them.
Why aren't you on more Exchanges?
We're constantly investigating and exploring other exchanges and sites to add NCR to. At this time we're happy with the sites that we're listed on but this may change as things grow.
Things here may change once a few features on our roadmap are completed, such as the New Neos Website or Neos Store.
What does Neos think about accelerating growth of NCR?
We're happy with the current growth and appreciate everyone for their interest in Neos. We're not actively looking to speed anything up as we're focused on building the tech first.
We still welcome and appreciate all investments and investors entering our community.
Things here may change once a few features on our roadmap are completed, such as the New Neos Website or Neos Store.