Why Does Coniun Tokenize?
Coniun believes utility NFT tokens alone are not scalable and sustainable. That's why tokenization has been one of Coniun's long-term plans since the beginning.
However, Coniun spent months creating the best use cases for $CONI token without mentioning it. Because there were so many bad practices by other NFT projects that have been using tokenization poorly. Most of them released a token and positioned their NFTs on top of their tokens which didn't serve to any purpose or created any value.
After 10 months of consistently building, Coniun now has decent utilities that serve different customer segments, which increases the potential market cap.
But why tokenization since Coniun already has an NFT collection?
Pricing: Linking all of Coniun's utilities to a single NFT collection sets the entry price of each to the floor price. Let's say an NFT collection provides 4 different utilities, which normally should cost from $10 to up to $1000. The floor price can make one of those utilities so cheap while making others so expensive. This makes your $10 worth of utility useless since it can't bring its potential buyers into your community. Pricing has always been a good way to optimize sales in web2, but it's almost impossible to do that in utility NFT tokens since you have no control over the entry price. Also, you can't just create different NFT collections for each of your utilities since it only helps the company, not your holders.
Limited Supply: The supply of an NFT collection limits the number of people who can join the environment. While this is the core idea of NFT collections, it actually harms if you have a utility NFT token since it needs mass adoption to perform better.
Bridge: To increase the Coniun ecosystem's visibility, Coniun will create a PFP(avatar) NFT collection called ERA. $CONI will be a bridge between ERA, Coniun Pass, and all of Coniun's utilities.
B2B Services: Coniun provides B2B services to other NFT collections and has collaborated with over 1300 projects during the last 8 months. It has a decent upsell opportunity. However, Coniun hasn't spent much resources and time building new B2B services since Coniun holders don't get any benefit from the B2B operations. Coniun's Buyback & Burn Mechanism will let the community profit from Coniun's B2B operations.
Decentralization: Blockchain-based networks cannot be managed by traditional centralized governance structures like corporations. They should not depend on names to be sustainable. They require a new type of community democracy that is transparent, fair, and inclusive. Coniun's vision is to make the ecosystem one of the market leaders of the next decades. Coniun believes CONI DAO is required to achieve this goal since crypto and NFTs are dynamic and the community consistently changes. A dynamic decision-making system that is immune to these changes is the best way to operate longer and more efficiently.
CONI's tokenomics is designed to solve the conflicts described above.
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