Nouns

One Noun, every day, forever.

nouns.wtf

Gm everyone. Just shared this on camp but sharing it here as a thread too.

Prop 766 has been a harsh blow to me and I took 2 days (over the weekend) to recover and reorganise our next steps.

NOGS won’t go anywhere and we will continue to evolve it, just like we will continue to build for the ecosystem.

Since everything happened so fast and this is our full time job, I’ll need some days to refocus and reorganise everything, from the pipeline of releases to the organisation of the team and everything else.

I’m sorry to see the scam accusations about nogs, and tbh if I am a scammer I really must be the most incompetent one in history.

Following the plan we outlined for this mandate, we are going for a complete renovation of the tokenomics and supply of $nogs. This includes the burn of at least 50% of the supply which was set to happen between April and May leveraging the planned rebalance of the LP.

Since in 2025 we were going to burn most of the nogs stored in the LP, I took the decision to sell some to support the team across 2024 and thanks to that we’ve been able to expand the utility of the token and our products without relying on additional funding for the second half of that year.

NOGS has been our very first experience with a token, in a fast changing environment too, and I must admit I took many things for granted.

Again, my lack of communication made a mess and I’m sorry for that. Had I shared more with the community about our struggles and plans, everyone would have had more context and all of this could have been avoided.

We used the last k$ (already unlocked) from the stream to pay some expenses for this month, including the last physical drops of the Noggles Club we had already committed to. 

After that, we will regroup and figure out how to organise everything in order to support our work across this year.

A part will be rebalanced and this time locked forever to continue to ensure a good liquidity to the pool. 

The other will be injected into the DAO through bids with the goal to increase the Nouns in the nogs pool (which is still one of the most important nogs utility), potentially expand the nogs pool into new nounish DAOs through the same process, guarantee a continuation of the Noggles Club drops and the operations of the team and start a program of "buy back and burn" on monthly basis with the goal to support the growth.

We will also switch the lp fee from 0.3% to 1% with the goal to create an additional buy-burn engine.

All these changes, linked with the massive burn and the upcoming releases are what we planned for nogs during this year.

What’s the plan for the 200+ ETH that unlocks in 27 days?