$NHT

What is $NHT?

$NHT is an ERC-20 token that will serve as a pathway between the Neighbourhoods network and crypto market liquidity. $NHT is used to access tools created by the Neighbourhoods team and by developers participating in the NH low-code marketplace. These tools help you spin up your own neighbourhoods!

Read about them here.

What is the contract address for $NHT?

Ethereum Network:

0x84342e932797FC62814189f01F0Fb05F52519708

Polygon network:

0x84342e932797FC62814189f01F0Fb05F52519708

What wallet should I use to purchase or hodl $NHT?

We recommend MetaMask. Once you add the MetaMask wallet as a browser extension, you can purchase $NHT there.

Please see our detailed instructions for buying $NHT in MetaMask, and on decentralized exchanges (DEXs), here.

Can I buy $NHT on a centralized exchange?

Yes! $NHT is now trading on MEXC Global.

Can I move my $NHT between the Ethereum and Polygon chains?

Yes, we have enabled the bridge between Ethereum and Polygon. We will continue to facilitate bridges as we deploy $NHT on others chains, too. Be aware that using the bridge will incur gas fees.

What is the maximum total supply of $NHT?

30B $NHT.

What is the total circulating supply?

33% i.e. 10B tokens will freely circulate. The balance 20B will be held as reserves.

Why is so much $NHT in reserve?

Our intention is to use the reserve judiciously, and only as the community, and end-user needs grow. If Neighbourhoods takes off, and if we need to expand the team rapidly to support development, we may need to liquidate reserves. This will only occure in keeping with the growth in number of people wanting to support Neighbourhoods.

Who has funded Neighbourhoods so far?

Toward the end of 2021, we held a small and successful Community Offering for our existing supporters. We ran this sale prior to listing on a few DEXs. These supporters joined even earlier-stage backers of Sacred Capital, the company from which Neighbourhoods grew.

You can read more about our longstanding community strategy and offering here.

Will I have to use $NHT to use Neighbourhoods?

Nope. It is not mandatory to pay for applet use in $NHT. $NHT is one of many settlement currencies available to communities.

But, to request and create features in the Neighbourhoods Bazaar, you will need to use $NHT.

Are there benefits of using $NHT

Yes! $NHT enables communities and organizers to articulate their needs directly to developers. $NHT can also be used to crowdfund apps and therefore to share costs with other neighbourhoods.

Using $NHT also removes all transaction fees assessed by the Neighbourhoods organization. What's more, holding and staking $NHT confers governance benefits over the $NHT treasury.