Non-Playable Coin (NPC) Tokenomics

Non-Playable Coin (NPC) is positioned as the first Meme-Fungible Token (MFT), a hybrid asset that combines the characteristics of a memecoin and an NFT. The project was launched in 2023 as a tribute to the "Non-Playable Character (NPC)" meme.

The project explicitly states that NPC and NPC MFTs are an art experiment and a meme coin/NFT hybrid with absolutely no intrinsic value or expectation of financial return. The coin and art are described as "completely useless and for entertainment purposes only," and there is no formal team or roadmap.

While detailed token allocation percentages, vesting schedules, or specific inflation/deflation rates (beyond burning mechanisms) are not available, the core token economics revolve around its unique technological standard and utility within its ecosystem.

Issuance Mechanism and Token Standard

NPC utilizes a new token standard called ERC11, which is a hybrid standard combining the fungible ERC-20 standard and the non-fungible ERC-1155 standard.

• Hybrid Nature: The ERC11 standard allows memecoins with embedded media to be traded on decentralized exchanges like Uniswap.
• Convertibility: A core feature of MFTs is the ability to convert between the two markets:
  • The token can exist as a fungible ERC-20 meme coin, tradable on decentralized exchanges.
  • It can also be converted into a non-fungible ERC-1155 JPEG, tradable on NFT marketplaces.
• Wrapper Mechanism: Users can convert between these two forms using a dedicated wrapper mechanism, where the two tokens are stated to be identical in value.

Allocation Mechanism

Specific percentage allocations for the total NPC token supply (e.g., for the team, treasury, or community) are not publicly detailed. However, one instance of token allocation and burning is documented related to the project's NFT collection:

• Non-Playable Customs NFT Collection: A limited supply of 155,443 custom NPCs were minted out on the Base network. This number was chosen to match the number of $PEPE holders as of February 15th.
• Burning Mechanism: Each custom creation symbolically cost 1 NPC to mint, which was then burned, suggesting a deflationary mechanism tied to the creation of unique NFTs.

Usage and Incentive Mechanism

The primary function of NPC is to serve as a Meme-Fungible Token (MFT), bridging the gap between liquid memecoins and customizable NFTs.

• Core Utility: NPC tokens are used to back an NFT of the NPC meme. The tokens are freely convertible between their fungible (ERC-20) and non-fungible (ERC-1155) forms using a "Transform dApp."
• Customization: The project offers a customization app, which is described as an "art creation tool for fun." The NPC token is used for redeeming a custom creation on-chain, which is then burned.
• Unique Use Cases (ExperiMINTs): The developers have proposed proof-of-concept ideas for the ERC11 standard, which they call "experiMINTs," demonstrating how memecoins can be backed by media assets:
  • Biden v. Trump: A two-sided memecoin where one NFT side is for Trump and the memecoin side is for Biden.
  • Groge: A memecoin backed by a song dedicated to NPC's dog.
  • Lil NPC - 4EVA GRAY: Another memecoin backed by an NPC trap song.
• Incentives: There is no evidence of users or tokenholders earning fees, additional tokens, or any form of compensation (such as dividends, interest, or liquidity rewards) by interacting with the network or holding the token. The project explicitly states the coin is for entertainment purposes only.

Locking Mechanism and Unlocking Time

Information regarding a formal locking mechanism (such as staking or vesting periods for team/investor tokens) or a specific token unlocking time for Non-Playable Coin is not available.

The project's documentation does not disclose a traditional vesting schedule or lock-up periods for the token supply. The only documented mechanism involving token removal is the burning of 1 NPC for the minting of a custom Non-Playable Customs NFT.