Hi @bjoernek we have updated the following:
neuron_basket_interval → 0,5
neuron_basket_count → 5
neuron_minimum_stake → 999
The yml compiles and the configuration sheet is “true” 
(both have been updated).
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Hi @lara the token symbol and name are in the yml (so I am told) 
But will be:
Symbol: NUA
Name: Nuance
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Thanks for your support! It’s a very exciting time for us. This really is bleeding-edge tech and we are very proud of what we have built. Thanks to @paulk , @Mitch and @barolukluk 
- and of course our seed investors and the Dfinity foundation 
for making this possible.
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We thought it worth sharing some points from the dfinity site:
What an SNS is NOT
Not an ICO
No funds are directly handed over to developers. The creation of an SNS is initiated by a decentralized entity (the NNS), and ICP raised by the decentralization swap is allocated to the treasury of the newly born SNS DAO. The founders receive a portion of the NNS DAO tokens in the form of locked neurons.
Not an IPO
This is not a liquidity exit or a public listing. It’s the start of a new journey where you as the initial creator and your users have the opportunity to form a digital community, 100% on-chain, to co-evolve and grow the platform or application.
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Congratulations to you @nicko, and everyone at Nuance who has been hard at work for the past few years and the dedication and intense work towards finalizing the Nuance product in the past few months to make sure it achieves thorough development before it is handed over to the community for continued control and ownership.
I am happy to see Nuance finally inviting the community to take over control of this great product. Good luck to you all, and congratulations to all co-owners of Nuance shortly!
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Hi @nicko and team,
thanks a lot for preparing all the information. I read through your whitepaper and have a few questions on the tokenomics.
In the first paragraph, you mention that
The Nuance token is a DAO governance token that allows token holders to vote on proposals to change the Nuance blogging platform and dispense funds held by the DAO treasury. It serves no other unique function.
but then you proceed with listing utility mechanisms like applauding and buying NFTs.
In addition, I wonder how you handle the restrictions. Will my NUA account balance withing Nuance distinguish between airdroped (restricted) tokens and non-restricated tokens I bought? Am I understanding correctly, that restricted tokens also can’t be used for staking?
Finally, in the last paragraph, you write:
In order to vote, a user must lock their tokens in an SNS neuron. The neuron allows a lockup of 60 days to two (2) years. Once locked, the neuron can vote via the SNS. Neurons accrue interest at a 5% annual rate. The minimum neuron size is 5999 SNS tokens (~50 ICP). The cost of making a proposal that is not adopted will be 6000 SNS tokens (~50 ICP).
But in the sns.yaml, you specify a minimum of 999 SNS tokens.
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Thank you for the update, @nicko! After a brief review of the updated init.yaml file, I’ve noticed some discrepancies when compared to the tokenomics spreadsheet. Could you please clarify the target parameters? These discrepancies are important because they would influence the voting power in the SNS.
- For the number of a neurons in the swap basket, the init.yaml file sets it to 5 months, whereas the tokenomics spreadsheet states 0.5 years.
- The dissolve delay for developer neurons is set at 2 years in the init.yaml file, compared to 1 month in the tokenomics spreadsheet.
- The dissolve delay bonus multiplier is set to 1 (100%) in the init.yaml file, while it’s 2 in the tokenomics spreadsheet.
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As we have not yet embarked on building the airdrop flow we do not yet have a detailed design, either UX or technical. This piece of work will be included in the first proposal we make post a successful SNS swap.
You are correct that the current high-level design is that the restricted token cannot be used for staking. The restricted token will be merely a UI thing representing a token that can be gifted to a writer from the treasury. At least this is the MVP.
Of course, this is something we would “discover” during our user research in the design phase.
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My apologies. We are updating the white paper, this topic, the yml and the sns config sheet based on feedback from this forum discussion. And it seems I have dropped the ball on updating it properly in all places. The correct number for this is 999. I have updated the tokenomics article. See this thread Upcoming Nuance SNS swap - #23 by nicko
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I am not ignoring this question but want to get precise wording from our tokenomics advisor. I will update you here when I have this.
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Probably one of the tinie tiny few deserving projects on ICP.
Hope this is successful.
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Hey @bjoernek
Thanks for catching this. Simply a typo on my end, I’ve since updated to 6 months. (edit: we’ve reverted back to 5 months and the tokenomics sheet now reflects this.)
Ah, this wasn’t completely clear switching from bonus_multiplier to bonus (percentage) in the new yml, we assumed 100% would be 2x. So my understanding is that 200% would be equal to 2?
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Yes this is correct!
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As an writer who’s had the privilege of using the Nuance platform and engaging with the team behind it, the announcement of transitioning into a Decentralised Autonomous Organisation (DAO) feels like a natural evolution for a platform committed to transparency, community engagement, and the ideals of Web 3.0.
Nuance has continually positioned itself as more than just a publishing platform—it aims to be a hub where self-sovereignty and nuanced discussions are the norms rather than the exception. And given the complexity of our digital social fabric, the timing couldn’t be more pertinent. As someone who has given feedback to the team on multiple occasions, I’ve noticed not just their receptivity, but also an unrelenting drive for refinement and innovation—something you’ll have noticed from their attention to the comments already posted by the community.
While the feedback and discussion continues, I hope readers take note of Nuance’s thoughtful, forward-thinking strategy —one that aligns closely with a long-term vision. Their proven track record of delivering on DFINITY Developer grants should give additional confidence in the platform’s future capabilities.
In particular, their plan for treasury airdrops to subsidise writers is inspired. This mechanism, if implemented effectively, could be a groundbreaking way to incentivise quality writing and thoughtful readership—creating a virtuous cycle that rewards meaningful interactions over clickbait.
I also appreciate the platform’s commitment to privacy and data sovereignty, crucial aspects that most Web 2.0 platforms often neglect or sacrifice at the altar of profit. The idea of coupling this with tokenized elements like NFTs for article ownership opens up exciting new avenues for creators like me.
For the critics and the cautious, a DAO setup is not without its challenges, but my experience of Nuance to date is that they deliver.
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This is super reasonable
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Reg. the utility of NUA
Its only unique function is as a governance token. The intention is to allow any Nuance white-listed currency - initially NUA & ICP, but soon others, to be used on the platform. The idea is to let the user choose whichever currency they want to use and not create unnecessary UX friction.
There will be a fee charged for tips and content (NFT) sales hypothetically, 10%. This will go back to the Nuance DAO treasury creating a diversified pool of assets. These can be controlled by the neuron holders. They could be used for development, marketing, or paid out to NUA neurons or token holders.
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I would add to this that they have built a mature, high-value on-chain product. They have proven they can deliver and have a reasonable budget. They are professionals with years of IC experience who could have raised a lot more money earlier but waited for the SNS to cut in the community.
The airdrop scheme is also excellent - it gives a user with no experience the ability to play with the platform and both incentivises early writers and onboards them as stakeholders - It’s how tokens are supposed to be used.
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Following my earlier statement of support for Nuance’s SNS, some thoughts regarding the SNS contribution minimum:
One should be mindful that monetary value is not globally consistent, by which I mean that $3.30 USD (today’s rough ICP value) may not be much for someone on a Western salary, but it is a significant amount to many of our brothers and sisters around the world. I get the idea behind the minimum, ie to encourage contributors who will participate in DAO proposal voting, and there does seem very little point in having $3.30 USD worth of gov tokens spread across several neurons & locked for 365+ days, BUT… there are significant IC communities developing in Africa and South America, and (IMO) it is incumbent upon us to consider IF a 50 ICP minimum may exclude people in these, or similar regions. I am sure this is due to the hard work of the global ICP HUBs. For example, both Nigeria and Argentina have average monthly wages equivalent to $750 USD, which 1/3 rd the average monthly salary in the UK (Googled it!).
I understand that when the SNS goes live, we do not know what the ICP price will be, but am guessing neither the bear, nor the financial pressures we are all experiencing, will evaporate either!
One year’s subscription to Medium is $5 USD per month, or $50 per year if paid in one go. In the above context, paying for a Medium year is equivalent to 6% of a Nigeria-Argentina monthly income (2% of a UK monthly income), and is equivalent to 15 ICP. Whereas 50 ICP is (roughly) equivalent to 22% of a Nigeria-Argentina monthly income… that’s quite a hit!
As above, I get the intention is to encourage commitment from contributors, and I take no issue with this, but I do believe participation should be as global as possible.
I will point people on Distrikt towards this post and flag it to IC Hubs too.
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In contrast, I completely approve of the suggested Proposal Rejection Fee.
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