New Paradigm Classic: Decentralized Digital Inclusive Finance Platform
The New Paradigm Classic whitepaper was released by the project’s core team against the backdrop of ongoing blockchain technology evolution, aiming to create an asset management ecosystem that combines profits from stock and futures trading with returns from venture capital investments.
The theme of the New Paradigm Classic whitepaper is to build a diversified asset management platform. What makes New Paradigm Classic unique is its commitment to integrating traditional financial market trading mechanisms with emerging venture capital models to achieve a multidimensional profit ecosystem; its significance lies in providing users with a new way to grow their assets, aiming to optimize investment returns through diversified sources of income.
The original intention of New Paradigm Classic is to solve the problems of single income sources and concentrated risks in traditional asset management. The core viewpoint outlined in the New Paradigm Classic whitepaper is: by integrating the advantages of stock and futures trading with venture capital, it seeks to balance decentralization and diversified returns, thereby achieving steady growth of user assets.
New Paradigm Classic whitepaper summary
What is New Paradigm Classic
Imagine in many video games, besides the main character you control, there are many background characters with their own lines and actions, but you can’t control them directly—we call these “non-player characters”, or NPCs. The blockchain project “Non-Playable Coin” draws inspiration from this concept. It’s a digital asset that combines features of memecoins and non-fungible tokens (NFTs).
Simply put, the NPC project aims to break the exclusivity and high-cost barriers of traditional NFTs, allowing more people to participate in digital culture and collecting. It creates a unique “Meme Fungible Token” (MFT), which you can think of as a digital asset that can be traded like a regular cryptocurrency, but also has a unique identity like an NFT.
Its core mechanism is that each NPC token can be converted 1:1 into an NFT, and vice versa. This means you can choose to trade it as a regular token on exchanges, or turn it into a unique digital collectible. The project launched in 2023, with the total token supply corresponding to the global population on July 26, 2023, aiming to embody inclusivity.
Project Vision and Value Proposition
The vision of the NPC project is to make digital culture more widespread and accessible. The core problem it seeks to solve is the scarcity, high prices, and lack of customization in the traditional NFT market, which often excludes many potential users.
By combining the liquidity of memecoins with the uniqueness of NFTs, NPC offers a more inclusive and liquid alternative. Its slogan is “I support the current token”, which is itself a tribute to internet meme culture. The project describes itself as an “art experiment” that pays homage to beloved memes, emphasizing that it is mainly for entertainment purposes and does not have intrinsic value or financial return expectations.
Technical Features
The most notable technical feature of the NPC project is its unique “Meme Fungible Token” (MFT) design, which cleverly combines the ERC-20 token and ERC-1155 NFT standards.
- ERC-20 Token: Like most regular tokens on Ethereum, ERC-20 tokens are fungible, meaning each token is identical to the others and can be traded.
- ERC-1155 NFT: This is a more flexible NFT standard that allows multiple types of NFTs to be created within a single contract and supports a large number of NFTs. The NPC project uses the ERC-1155 standard so that each NPC token can correspond to a unique NFT.
Through a decentralized application (dApp), users can easily switch between ERC-20 tokens and ERC-1155 NFTs. You can “respawn” your ERC-20 tokens as ERC-1155 NFTs, or “transform” NFTs back into memecoins. This dual functionality provides a new liquidity model between the token and NFT markets.
In addition, NPC offers customization tools that allow holders to personalize their NFTs, choosing from over 230 traits to create their own unique character. Over 150,000 customized NPCs have already been minted on the Base network, forming one of the largest PFP (profile picture) collections in the crypto space.
Tokenomics
The economic model of the NPC token is relatively simple, mainly revolving around its meme attributes and community participation:
- Token Symbol: NPC
- Issuance Chain: Initially launched on Ethereum, now expanded to multiple blockchains including Solana, Base, and BNB Chain.
- Total Supply and Issuance Mechanism: The maximum supply of NPC is 8.05 billion, a number set according to the global population on July 26 (or 29), 2023. This reflects its inclusivity, aiming for everyone on Earth to own an NPC.
- Fair Launch: 99% of NPC tokens were deposited into the Uniswap liquidity pool, with the remaining 1% allocated to the NFT marketplace to ensure broad accessibility and distribution.
- Liquidity Lock: Liquidity provider (LP) tokens are locked until the year 6969, aiming to ensure long-term stability.
- No Transaction Tax: NPC transactions do not incur additional transaction taxes, in line with its memecoin nature. (Note: Early information mentioned a 3% transaction reflection and marketing fee, but the latest information emphasizes no transaction tax. This may represent a strategic adjustment or different versions of the NPC project; here, the latest and mainstream information is used.)
- Token Utility: NPC tokens are mainly used for entertainment and community participation. They can be traded as ERC-20 tokens on exchanges or converted into ERC-1155 NFTs via the dApp for customization and collection.
Team, Governance, and Funding
According to some official materials and third-party analyses, the Non-Playable Coin project does not have a formal team or public founders. It is described as an “art experiment” paying tribute to the non-player character meme. The project team clearly states that there is no official roadmap. Such decentralization and anonymity are not uncommon in memecoin projects.
Although there is no explicit governance mechanism, memecoin projects typically rely on community consensus and participation to drive development. In terms of funding, due to its fair launch mechanism, most tokens have entered the liquidity pool.
Roadmap
According to some statements from the project team, the Non-Playable Coin project does not have an official roadmap. However, some information also mentions future plans to introduce customization tools, allowing holders to personalize their NFTs and develop them into a dynamic symbol in digital culture. In addition, the project is building new infrastructure to better connect the liquidity of ERC-20 tokens and ERC-1155 tokens.
Common Risk Warnings
Investing in any cryptocurrency project carries risks, and the NPC project is no exception. Here are some common risks to be aware of:
- Memecoin Nature: NPC is essentially a memecoin, with its value mainly driven by community sentiment, social media trends, and speculation, rather than fundamentals or actual utility. This means its price can be extremely volatile and unpredictable.
- Lack of Intrinsic Value: The project team clearly states that NPC has no intrinsic value and no expectation of financial return. This means it could lose value at any time.
- Team Anonymity and No Roadmap: The lack of a public team and official roadmap may lead to unclear project direction, non-transparent development progress, or even project stagnation.
- Liquidity Risk: Although the project aims to provide liquidity, if market interest wanes, trading volume may decrease, making it difficult to buy or sell.
- Regulatory Risk: The global regulatory environment for cryptocurrencies is still evolving, and memecoins in particular may face stricter scrutiny.
- Technical and Security Risks: Although blockchain technology is inherently secure, risks such as smart contract vulnerabilities and hacking attacks still exist.
Remember: This is not investment advice. Always do your own research (DYOR) before making any investment decisions.
Verification Checklist
When researching any blockchain project, here are some key pieces of information you can verify yourself:
- Block Explorer Contract Address: Look up the NPC token’s contract address on Ethereum (or other chains) via block explorers like Etherscan to check token holder distribution, transaction history, etc.
- GitHub Activity: If the project claims to be open source, check the activity of its GitHub repository to understand code update frequency and community contributions.
- Official Website and Social Media: Visit the project’s official website (such as the Non-Playable Coin site) and its official accounts on Twitter, Discord, etc., for the latest information and community updates.
- Audit Reports: Check whether there are third-party security audit reports for the project’s smart contracts.
Project Summary
Non-Playable Coin (NPC) is a unique memecoin and NFT hybrid project inspired by the “non-player character” internet meme. Through its “Meme Fungible Token” (MFT) model, it aims to break the exclusivity of traditional NFTs and make digital culture more accessible and customizable. It allows users to freely switch between fungible ERC-20 tokens and unique ERC-1155 NFTs, offering rich customization options.
The project was launched via a fair launch, with the total token supply pegged to the global population, emphasizing no transaction tax and long-term locked liquidity. However, it’s important to note that the project positions itself as an “art experiment”, explicitly stating it has no intrinsic value, no formal team or roadmap, and is mainly for entertainment purposes. This means its value is highly dependent on community sentiment and market speculation, with significant risks involved.
For those interested in the fusion of meme culture, digital collectibles, and blockchain technology, NPC offers a novel perspective and way to participate. But be sure to fully understand the risks and do your own research. This is absolutely not investment advice.
For more details, please research on your own.