Nandu Nai Token (NNT)
Whitepaper

1. Abstract

Nandu Nai Token (NNT) is the native utility rewards asset of the NanduNai Reward Project, built for the Nandu Nai beauty and wellness booking platform. NNT is earned when real salon services are completed and payments are confirmed by salon staff or owners — not by empty airdrops or speculative minting alone.

The token has a fixed supply of 1,000,000,000 NNT with 6 decimals. At launch, the reference conversion is 1 NNT = ₹1. Mining uses a transparent price policy: if the open-market value of NNT rises above ₹1, mining follows that higher INR price; if the market falls below ₹1, mining remains at the ₹1 floor so earners keep fair parity while the mine pool is protected.

Every confirmed service payment mints economic value from a pre-funded mine vault and splits it 60% customer · 15% staff · 15% salon owner · 10% treasury. Settlement runs on Solana for low fees and fast transfers.

2. Vision & mission

Vision

Make every haircut, spa session, and bridal booking in India capable of earning portable digital value — shared fairly among the customer, the professional who delivered the service, and the salon that hosted it.

Mission

• Reward real economic activity in salons, not idle speculation.
• Give customers, staff, and owners the same transparent token standard.
• Keep mining economically honest through a clear ₹1 floor and market-aware upper bound.
• Let users hold NNT in-app or transfer it to any Solana wallet (for example Phantom).

3. The problem

Traditional loyalty programmes are closed loops: points expire, cannot leave the app, and rarely reward the staff who actually create the experience. Crypto projects often reward speculation without linking tokens to real-world services.

India’s beauty and wellness sector is cash- and UPI-heavy, multi-salon, and multi-role (customer, stylist, owner). A rewards system must handle missing staff assignments, multi-salon owners with one wallet, and a conversion rate that stays fair when open-market prices move.

4. The solution

NNT closes that gap. When a salon owner or assigned staff member confirms cash or UPI payment after service (not automatic Razorpay-only triggers), the platform mines NNT from a dedicated vault and distributes it on Solana.

• Utility first — earned from booked, paid services on Nandu Nai.
• Three-sided rewards — customer, staff, and owner all participate.
• Portable — SPL token; transfer anytime.
• Price-aware mining — market above ₹1 → mine at market; market below ₹1 → mine at floor.

5. Token overview

6. Tokenomics

All one billion tokens are created at genesis and allocated into three buckets. There is no inflationary mint after launch for the circulating design of the mine pool — service rewards are paid from the pre-allocated mine vault.

7. Mine price policy (₹1 floor)

Mining converts a confirmed service bill in Indian Rupees into an amount of NNT. Open-market trading (for example against USDT on a DEX) can push the market value of NNT above or below the launch reference. Nandu Nai uses a simple, transparent rule so mining stays fair to earners and sustainable for the pool.

7.1 When market is above ₹1

If 1 NNT trades at ₹5 (or any value greater than ₹1), mining uses that actual INR price. A ₹1,000 service therefore mines fewer tokens, because each token is worth more in rupees. This keeps the rupee value of rewards aligned with the real market and protects the mine pool from over-distributing expensive tokens at a cheap rate.

7.2 When market is at or below ₹1

If the open market falls to ₹0.50 (or any value below ₹1), mining does not follow the dump. The conversion stays at the ₹1 floor: 1 NNT is still treated as ₹1 for mining. Earners continue to receive one whole NNT per rupee of eligible service value (before the role split), and the system does not accelerate drain of the vault when the token is weak.

7.3 Worked examples

Assume a confirmed payment of ₹1,000. Total NNT mined before split:

7.4 What this policy is not

• It does not peg the open-market USDT price. DEX prices remain free market.
• It does not guarantee future value. Tokens can trade above or below the mine rate.
• It is an operational conversion rule for salon mining, updated from observed market INR value and enforced with a hard floor of ₹1.

8. Reward distribution

After total NNT for a payment is calculated, tokens are split across four buckets. If no staff member is assigned to the booking, the staff share is redirected to the treasury. Multi-salon owners use a single wallet for all their properties.

Dust from integer rounding is added to the treasury share so the full mined amount is always accounted for. Double-mining of the same booking is prevented by booking-level status and on-chain booking hash accounts when the program path is used.

9. How mining works

1. Customer books a service on Nandu Nai and completes the visit.
2. Owner or assigned staff confirms cash or UPI payment in the app (confirm-cash path).
3. Backend computes effective_mine_price = max(market_INR, 1).
4. Total NNT = bill_INR ÷ effective_mine_price (with 6-decimal base units).
5. Split 60 / 15 / 15 / 10; missing staff → treasury receives the staff share.
6. Tokens move from the mine vault to recipient Solana token accounts.
7. Users see balance in Account / Loyalty & Rewards and may transfer out.

10. Open-market trading & USDT

Thirty percent of supply is reserved for trading and liquidity. Once liquidity is provided on Solana DEXs, anyone can buy or sell NNT against USDT, SOL, or other pairs. That market price is set by supply and demand — not by the salon mine formula.

Example: traders may quote NNT in USDT. The platform converts that market observation into an INR figure for the mine formula (for operational updates). If that INR figure is above ₹1, mining uses it; if below, mining stays at ₹1.

11. Technology stack

• Blockchain: Solana mainnet-beta
• Token: SPL mint, 6 decimals, fixed 1B supply
• Program: Upgradeable Anchor rewards program for config, pause, price, and optional on-chain reward_service
• App backend: Confirms bookings, applies price floor policy, distributes vault transfers (vault_authority mode) or CPI (program mode)
• Wallets: Auto-created custodial Solana wallets for users; export/transfer to self-custody supported via transfer flows

Program instructions (summary)

12. Roles & wallets

13. Roadmap

14. Risks & disclaimer

• Market volatility may cause DEX prices to diverge from mine conversion for short periods until operators update the observed market INR input.
• Mine pool is finite (60% allocation); long-term sustainability depends on real usage and responsible price policy.
• Smart contract and operational risks exist; upgrades are controlled by the programme authority.

15. Contracts & references