1. NEO Name Service(NNS) Introduction

NNS is the NEO Name Service, a distributed, open, and extensible naming system based on the NEO blockchain.

Our primary goal is to replace irregular string such as wallet address and smart contract Hash which are hard to memorize for humans with words and phrases. We will offer ending in “.neo” name service first.

Through name service, people don’t need to remember address and Hash they don’t understand anymore. You could make a transfer or use contracts by just knowing a word or phrase.

NNS can be used to resolve a wide variety of resources. The initial standard for NNS defines resolution for NEO addresses or Smart contracts(ScriptHash), but the system is extensible, allowing more resource types to be resolved in future without NNS upgrades.

2. Token Introduction

NNC (NEO Name Credit) is a token issued by NEO’s domain name system: NNS. NNC has a total supply of 1 billion.

At present, NNC holders receive the dividends of the domain auction income, and users can also purchase the pre-owned domain name in the secondary market in NNC.

In the future, the use cases of NNC will continue to expand. For example, it can be applied to other DApps. The value of NNC will be more stable, as NNC will be supported by diverse DApps, which will form a DAO, therefore, its risk of dependence on one DApp will be avoided.

The specific distribution ratio is as follows:

• Early investment: 10%
• Airdrop: 1%
• Ecological Partner: 10%
• Development Team: 30%
• Foundation: 20%
• Marketing: 20%
• Community Operations: 9%

3. Useful Links

• Official Website: https://neons.name/index_En.html
• Whitepaper: http://doc.neons.name/en/latest/