Nirvana has no “token” and the development team has no “token allocation.” The protocol supports itself purely through fees.
There is no “IDO” for the protocol’s token, since there is no token to offer.
NIRV, ANA, and prANA are all created through usage of the protocol. NIRV is borrowed form locking ANA as collateral. ANA is purchased through the protocol’s AMM, through realizing prANA, or through vested trANA. And prANA is minted at a regular interval in an amount equal to a small ratio of the global supply of ANA, and distributed proportionally to stakers as their reward.
The protocol starts from absolute zero. No outside capital, no NIRV nor ANA.
This model is designed to scale with adoption of the protocol. It is in contrast to fixed-cap token sales with vesting cliffs & special allocations. The protocol is meant to fund itself and its ecosystem purely internally, without needing secondary markets for secondary tokens.
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