Non-Playable Coin (NPC) Tokenomics

Non-Playable Coin (NPC) is a unique hybrid asset categorized as a Meme-Fungible Token (MFT). It functions simultaneously as a liquid memecoin and a high-supply NFT, designed to be tradable across both decentralized exchanges and NFT marketplaces.

Issuance Mechanism

NPC was launched on the Ethereum network as an open-source art experiment. The issuance is centered around the ERC11 token standard, a novel hybrid standard developed by the NPC community. This standard merges the features of ERC20 (fungible tokens) and ERC1155 (multi-token standard), allowing the asset to exist in two states:

• Memecoin State: Tradable on decentralized exchanges like Uniswap.
• NFT State: Transferable and tradable on NFT marketplaces.

The conversion between these two states is facilitated by a decentralized application (dApp) at a 1:1 ratio. This ensures that every memecoin in circulation is backed by the metadata of a corresponding NFT.

Allocation Mechanism

The project was designed for broad accessibility, with the team stating it was intended for "all 8+ billion humans on Earth." Specific allocation details are as follows:

• Total Supply: The token supply is high to reflect its nature as a "liquid JPEG."
• Non-Playable Customs: A specific limited supply of 155,443 custom NPCs was established for the official PFP collection. This number was chosen to match the number of PEPE holders as of February 15, 2024.
• Minting Cost: Each custom creation symbolically cost 1 NPC to mint.

Usage and Incentive Mechanism

NPC is explicitly described by its developers as an art experiment with no intrinsic value and no expectation of financial return. Its primary utility and incentives include:

• Cultural Trading: Unlike traditional memecoins that are purely symbolic, NPC allows users to trade "a piece of culture" by embedding media directly into the tradable token.
• Customization: Users can use the NPC customization app to create unique on-chain art.
• Burn Mechanism: When users minted from the Non-Playable Customs collection, the 1 NPC used for the minting process was permanently burned, reducing the total supply.
• Speculation and Entertainment: The asset has no formal roadmap or team-led functionality; its usage is strictly for entertainment and speculative purposes.

Locking Mechanism and Unlocking Time

Based on the available project documentation and data, Non-Playable Coin does not feature a formal locking mechanism or a structured unlocking schedule for its primary supply.

The project operates as a decentralized experiment where the "Non-Playable Customs" collection has already fully minted out, and the core NPC tokens remain liquid for conversion and trading at the discretion of the holders.