TOKEN DESIGN

Nurika (NRK) is minted solely by verified movement. Therefore, a stable number of users increases minting “input” steps. An increase in users increases the input. A change in user habits - all users walking more because of intention and rewards - makes the input rise exponentially.

Each $NRK will require more steps to mint than the last.

To achieve our vision of making the world more physically active, Nurika will be harder to mint with time. Not only does this encourage users to get moving now (as their movement generates more $NRK today than tomorrow); it preserves the utility of NRK as the model represents an ever-increasing marginal cost of production.

The open economy of movement is enabled by $NRK. It is a new market, a new economy in which anyone, anywhere, can be rewarded in increasingly attractive ways, for any form of physical activity. Jog in the early morning, walk the dog, run briskly, cycle to work, swim in the pool/sea, skip at home, walk to grab a coffee/meal, etc. The open economy establishes a new paradigm where you are rewarded for your contribution to society by being physically active.

Movement validators are required to verify the validity of movement and update the blockchain accordingly. Consistent and accurate movement validation is fundamental to ensuring the integrity of the underlying asset.

The current process at Nurika - and the process applied to the launch claim - is such that: for every 1,000 verified steps, 1 NRK is awarded. The validator receives the raw data from the recording device and implements an algorithm to detect fraudulent behavior and ensure only true movement is rewarded. Nurika Health Ltd is the only Movement validator as of launch.

Going forward, we intend to decentralize the validation process to enable third parties, such as activity trackers, fitness equipment makers, and fitness app developers to operate as Movement Validators. Examples include Fitbit, and Apple Watch, amongst others. These tracking services will have to stake NRK to operate as Movement Validators. In return for their contribution, they will receive a % fee for all transactions they process. By decentralization, we enable new markets for different types of physical activity and expand the breadth of the open economy of movement.