Nalnda Utility Token ($NALNDA)

"Love shall be our token; love be yours and love be mine. " — Christina Rossetti

NALNDA has below mentioned functionality in Nalnda Protocol:

Access

Staking

Governance

Token Uses cases

Stakeholders will use NALNDA for the below-mentioned use cases:

• Publishers/ Authors – Publishers/ Authors will have to pay fees for listing and creating nBooks. This fee can only be paid using NALNDA token. Publishers will also be able to incentivize readers with NALNDA tokens for reading specific books. This will help publishers to generate revenue from less popular works and market them.

• Readers – Reading a book on Nalnda will incentivize readers based on the. of pages read and time spent on the platform. With time the incentive factor for a reader will increase or decrease based on the reader’s involvement on the platform. However, this incentive factor will have a minimum and maximum factor.

• Service Providers – Service providers can charge fees for providing services. This fee will be charged in NALNDA token

• Social Platform – The inbuilt social platform will allow readers, fan clubs, service providers, and authors to socialize and connect. NALNDA will be used as a tipping mechanism on this social platform.

• Traders - will have to stake tokens for participating in the launch of new titles.