$CNC Node Ecosystem Primer
Nodes are almost here, scallywags! Learn everything below!
The next great pirate adventure is about to begin! The $CNC nodes and token make landfall within the next week, with the entire force of the Captain & Company crew rallying behind them!
This is your chance to grab a piece of the expansive pirate fantasy MMO that’s headed to big web2 stores later this year, and have your voice play a very real role in the development of features, ships, and more that you want to see and play! With 100% of the $CNC token committed to node holders, this is the first great fair-launch node experiment in all of web3 gaming — climb aboard!
The CNC Token
The only way to create the $CNC token is via nodes. The $CNC token is the apex premium currency of the Captain & Company ecosystem, with four key utilities outlined below. The maximum supply of the $CNC token is 10,000,000,000.
Part of Warchest rewards are split to players who vote on faction war outcomes
$CNC balances are used for governance votes to direct new features
$CNC balances can be placed in liquidity positions (LPs) to earn extra rewards
$CNC is the ecosystem currency, and can be used for all crafts and purchases
Because all $CNC tokens are user-generated via fair launch nodes, Captain & Company will feature one of the first truly player-generated and player-owned economies in web3 gaming, and it all kicks off with the nodes.
What Are Nodes?
Nodes are user-operated servers that provide computational power to the Captain & Company ecosystem. Right now, they verify operations and emit $CNC tokens in rewards, but in the future, they may support additional on-chain game logic across a much larger network.
From a player's perspective, nodes are simple:
Nodes are the only way to generate and get $CNC
You can run them yourself using a lightweight script on almost any device
Or, you can delegate them into a pool to have other players operate for you
Unlimited node licenses can be run on a single server
No pre-mine of $CNC, every token is player-generated
Think of a node like your license to create and own a piece of the C&C economy and game itself. Each node represents your claim to that piece of game!
How Does the Launch Work?
Nodes will emit $CNC immediately after they're turned on, and a new web portal will be shared with deployment, delegation, and claim harvesting instructions. You will be able to purchase nodes on Abstract using either ETH or $KAP.
You can view the pricing schedule here. This may be adjusted over time.
A mint page will be shared the day before the launch
Purchases can be made in ETH or $KAP on Abstract
If you purchase using $KAP, you will receive a 30% discount
All $KAP used to purchase nodes will be burnt
The launch will have three phases:
Foundation Phase: The Foundation, using its own $KAP, will purchase 150,000 nodes
Holder Phase: Holders of Ships and Skellies will be offered the ability to pre-purchase nodes at the next-available tier (starting in Tier 4); this will be coordinated before launch via holder channels and the nodes will be claimable from the node launch page
Whitelist Phase: Communities who earn whitelist spots will have a few hours to mint at the next-available tier, after the above two phases have finished
Public Phase: Any other player or third party participant can purchase at any remaining tier
33% of all ETH used to purchase nodes during the Public Phase will be contributed back to a DEX liquidity pool controlled by a third-party market maker elected by the Foundation to help support healthy on-chain dynamics.
Claiming Generated CNC
CNC generated by nodes will be claimable via a site shared on the tutorial the day before launch. The site itself will be geoblocked to the US and OFAC-sanctioned countries, but can be accessed by any other geography’s IP addresses.
$CNC emissions come with a variable claim lock schedule where users can choose to unlock a claim faster by burning a portion of that claim, with the percentage burned varying per the user’s choice below:
0-day lock: Keep 25%, burn 75%
30-day lock: Keep 50%, burn 50%
60-day lock: Keep 75%, burn 25%
90-day lock: Keep 100%, burn 0%
This model rewards long-term supporters and stabilizes emissions over time, keeping the value of CNC close to those most completely aligned with the long-term objectives of the ecosystem.
Claiming Airdropped Nodes
Users will be able to claim airdropped nodes from the same interface that they’ll use to purchase nodes next week. Note that users will be able to access the purchase / claim portal according to the phases outlined above, meaning that it is likely you will not be able to claim your airdropped nodes until the public phase.
Users will have 30 days from the time the node launch page opens to claim their airdropped nodes. Nodes left unclaimed after 30 days will be forfeited and reused in future seasons as active player incentives.
The Foundation will be purchasing 150,000 nodes at launch using its own $KAP in treasury, 50,000 of which are earmarked for the airdrop users to claim.
How to Get Involved
The CNC fair launch node sale will be kicking off sometime next week, and those looking to prep for launch should move either one or both of $KAP and ETH to their purchasing wallet. For those who have farmed substantial quantities of Airdrop Points during our long running Play to Airdrop campaign, please ensure that you have both an Abstract wallet and a primary EOA synced in your kap.gg/profile page.
A tutorial on the entire node launch will come right before launch begins next week, and, in the meantime, an exhaustive FAQ of all current community questions can be found below. Dig in!
FAQ (Frequently Asked Questions)
How many nodes are there?
There will only ever be 1,000,000 nodes.
How many CNC tokens are there?
There will only ever be a maximum of 10,000,000,000 CNC tokens, all of which will be generated by the nodes.
Over what timeline or schedule will tokens be emitted from the nodes?
Each node will individually emit 10,000 CNC tokens over four years.
If a node is inactive, does that reduce its emission potential?
No. Each node can emit a total of 10,000 CNC tokens over its lifetime. If an operator chooses to turn a node off for a while and then turn it back on, the node will continue to emit until a total of 10,000 CNC tokens have been emitted from that node.
How do I run a node?
There are two ways to run a node. You can either download a server software we will provide and configure the node yourself, or you can stake the node into a delegated operator pool and allow another user to run it on your behalf, sending you back the rewards to claim, minus the operator’s chosen cut.
Are nodes NFTs, and can they be traded?
Nodes are ERC-1155 NFTs, but they are soulbound, meaning they cannot be traded for now due to regulatory constraints. The Foundation is open to revising this in the future should global regulations become more relaxed.
Will CNC be listed on a CEX?
Yes, CNC will be listed on at least on DEX and at least one CEX.
Can players stake CNC for additional rewards?
Players can create LP positions with common DEX providers and receive rewards as long as they are providing in-range v2 type liquidity. See https://kap.foundation/ for details. These rewards can include more tokens by way of in-game nuggies, or other partnered game goodies. Additionally, players will be able to vote using their CNC in-game on the winner of recurring faction wars, and earn additional nuggies based on their voting performance. So, while traditional single-sided staking is not available, there are two distinct paths to effectively staking your CNC via participation.
Can we expect any mechanics to help stabilize the price of CNC?
We do not comment on token price. However, note that 33% of all ETH used in the Public Phase portion of the node sales will be pooled by a Foundation-retained market maker against CNC in a DEX to help provide deep market availability and liquidity.
Will nodes contribute towards Abstract XP?
We do not control what counts towards Abstract XP. However, the nodes will be NFTs on the Abstract network, and the purchase + minting transactions will be Abstract contract transactions.
What chain will nodes be on, and where will they be purchased from?
Node NFTs will live on Abstract, and will be purchasable on Abstract.
Is there a cap to the maximum number of nodes a user can own or operate?
No, there is no cap. Note that if you face difficulty placing a large purchase on node launch day, break up your purchase into a few smaller batches to allow the chain to process.
What chain will CNC be on, and will it be tradeable?
CNC will be on both Abstract and Ethereum. When you claim generated CNC, it will be sent to an Ethereum wallet of your choice, which you can then bridge to Abstract. Note that claiming CNC will cost gas on the Ethereum network.
Will the token price go up as node tiers go up?
We do not have any control over the token price. However, it is likely that interest in purchasing nodes will go up as the token price goes up, meaning that a higher token price likely implies a higher marginal node tier.
How long is the node sale?
The node sale has no defined end date. The earlier you participate, the better entry price you will get on the nodes. Each tier increases the price by approximately 20%. We do not expect all 1,000,000 nodes to sell out, as that would imply an effective fully diluted valuation of over $1,000,000,000.
How do you determine the tier of nodes?
The tiers are determined based on circulating supply of the node NFTs. You can see the tier breakdown chart in the whitepaper docs here.
How do I operate my own delegation pool?
If you’re interested in running a delegation pool for other users, we’ll have a convenient UI with which you can create one shortly after nodes go live. We encourage all community members with substantial followings to create delegation pools and operate their community members’ nodes in exchange for small cuts of the generated tokens, to help improve your community’s revenue.
Will liquidity incentives be applied to CNC pools, similar to how they were applied to KAP pools?
Yes, either in-game or partner rewards will be applied to CNC pools in the same way that KAP pools worked. You will be able to find these pools on the KAP Foundation site at https://kap.foundation/. Both KAP and CNC will be rewarded.
Will liquidity incentives be available for V3-type pools or only V2-type pools?
For now, only V2-type pools will be rewarded, as it is beyond our current engineering scope to determine a fair distribution methodology for V3-style pools. This may change in the future.
Will Blast be exited entirely for liquidity or continue?
Rewarded KAP LP pools on Blast will likely be wound down over time. Rewarded CNC pools will not be available on Blast.
Are there any early purchase bonuses or incentives for buying in early vs later tiers
Yes, there are substantial cost savings. Each tier is approximately 20% more expensive. The earlier you participate, the better your net entry will be.
Are there operational costs associated with running a node (e.g. server costs)?
If you are running your own node on a virtual private server, then, yes, the cost will be limited to the cost of that virtual private server. However, we expect the vast majority of players will simply delegate their nodes into node pools, which will operate only on a reward-sharing basis (e.g. 5-10% of rewards back to the node pool operator). These will in effect be costless for users. Note that a single server can run an unlimited number of node licenses.
Are there plans to expand node utility beyond emissions?
We may grant special roles, cosmetics, or other benefits down the line to players in-game based on nodes or governance participation, but cannot currently promise anything.
Will emissions per node decrease if more nodes come online, or is it fixed per node
It is fixed per node. All nodes will each be able to emit 10,000 CNC over their respective lifetimes.
Does owning one ship allow us to purchase the same number of nodes as multiple ships?
The holder phase is broken out by shipholder rank, meaning that those who have Admiral status (25 ships) will go first, then Vice Admirals (5 ships), then Captains (1 ship), then Skellies.
Why is the token claimed on Ethereum, but then bridged into Abstract?
This is a very nuanced technical point. Tokens have “homebases,” and when you bridge a token into a new chain, the new chain’s contract references the old chain’s contract owner. If we were to deploy the token first on Abstract and then bridge it into Ethereum, we would not be the owner of the resulting bridged token, a bridge contract would be. This causes a ton of mess down the line. Instead, we have the CNC tokens minted on Ethereum, then bridged to Abstract, so that we can properly control both contracts.
Find fortune, foes, and friends for life in Captain & Company: the ultimate pirate MMORPG. Set sail with friends into epic naval battles with massive multiplayer crews, and pillage your way to becoming the wealthiest pirates on the high seas.
Make sure you join our Discord and claim your exclusive roles! You’ll have access to private channels only shared with other Captains and the devs o’ the Goldcoves themselves. Plus, if you have 25 or more ships, there’s a set of channels rumored to be hidden to all except the greatest of Admirals… conquer on, pirate!