Neos Credits (NCR) is the official currency used within the Neos Metaverse. It is designed to facilitate economic activities such as tipping world creators, engaging in transactions, and participating in future marketplaces like the Neos Store and Neos Jobs.
Neos Credits operates as an ERC-20 utility token on the Ethereum blockchain. This structure allows NCR to leverage Ethereum's smart contract capabilities, ensuring decentralized, secure, and transparent transactions within the Neos Metaverse ecosystem.
Neos Credits can be used for various purposes within the Neos Metaverse. These include tipping creators, purchasing items in the eventual Neos Store, and completing gigs in the upcoming Neos Jobs marketplace. It also facilitates selling digital content and performing tasks in exchange for NCR.
The initial development of Neos Credits was undertaken by the Neos Metaverse team to support the platform's growing economic environment. The currency was introduced through an Initial Coin Offering (ICO), with a deliberate pricing model to promote long-term utility over short-term speculation. Over time, it has evolved to support a wide range of transactional and economic applications within the Metaverse.