Non-Playable Coin (NPC) Tokenomics

Non-Playable Coin (NPC) is an experimental and open-source project that introduces the concept of Meme-Fungible Tokens (MFTs), positioning itself as a hybrid between a memecoin and an NFT. The project was launched in 2023 as a tribute to the "Non-Playable Character (NPC)" meme.

The core of NPC's token economics revolves around its unique token standard and its intended use as an art experiment, rather than a traditional utility or governance token.

Issuance and Allocation Mechanism

The available information does not specify the total supply, initial distribution percentages, or a detailed token allocation breakdown (e.g., for team, treasury, or community) for the NPC token itself.

However, the project has issued an associated NFT collection, Non-Playable Customs, which provides some insight into token usage and supply management:

• Non-Playable Customs NFT Collection: A limited supply of 155,443 custom NPCs were minted out on the Base network. This number was symbolically chosen to match the number of PEPE holders as of February 15th.
• Minting and Burning: Each custom creation cost 1 NPC to mint, which was then burned, indicating a deflationary mechanism tied to the creation of the associated NFTs. The collection fully minted out on August 20, 2024.

Usage and Incentive Mechanism

NPC's primary function is to serve as a Meme-Fungible Token (MFT), which is essentially a high-supply, liquid JPEG that trades like a memecoin. The token's utility is centered on its dual nature and its role in the project's artistic and cultural experiment.

Dual Token Standard (ERC-11)

NPC utilizes a new token standard, ERC-11, which combines the fungible ERC-20 standard with the non-fungible ERC-1155 standard. This allows NPC tokens to function in two ways:

1. Fungible Asset (ERC-20): Tradable on centralized and decentralized exchanges (DEXs) like Uniswap.
2. Customizable NFT (ERC-1155): Tradable on NFT marketplaces.

Users can freely convert NPC tokens between their fungible (ERC-20) and non-fungible (ERC-1155) forms using a dedicated decentralized application called the "Transform dApp."

Art Experiment and Disclaimer

The project explicitly states that NPC is primarily an art experiment and a meme coin/NFT hybrid with absolutely no intrinsic value or expectation of financial return. The coin and art are described as "completely useless and for entertainment purposes only," and there is no formal team or roadmap.

Unique Use Cases (ExperiMINTs)

The developers have presented several "proof-of-concept" ideas, or "experiMINTs," to demonstrate the potential of the ERC-11 standard and the concept of "mediacoins" (a hybrid token standard enabling the integration of media assets):

• Biden v. Trump: A two-sided memecoin where one NFT side is for Trump and the memecoin side is for Biden.
• Groge: A memecoin backed by a song dedicated to NPC's dog.
• Lil NPC - 4EVA GRAY: Another memecoin backed by an NPC trap song.

These examples illustrate the token's use as a vehicle for trading a "piece of the culture" with embedded media.

Locking Mechanism and Unlocking Time

Information regarding a formal locking mechanism (such as vesting schedules for team or investors) or specific unlocking times for the NPC token was not available.

The only locking-related mechanism identified is the burning of 1 NPC token for the minting of each Non-Playable Customs NFT, which permanently removes the token from circulation.