Protocol cut · buy then burn
$NLO
Every fee Neverlogoff claims is split 80/10/10. The 80% is paid to a Twitch-proven broadcaster. 10% buys $NLO on the open market and burns it. 10% stays in the protocol treasury so the product can run.
Not issued yet · cut accrues as pending buybacks in the ledger
What it is for
$NLO is the protocol’s burn sink — not governance, not a fee token. Holding it does not change the split, who can launch, or who gets paid. Nothing about the bridge is gated behind it. The 10% burn slice is spent buying it; the 10% treasury slice is separate operating income.
How the buy and burn works
- A claim settles — creator fees claimed on-chain, keyed to the claim’s tx signature.
- The cut is set aside — 10% → pending buyback + 10% → treasury, tied to that fee event.
- $NLO is bought — same open market as everyone else. No special route.
- Tokens are burnt — burn address. Buy + burn both on-chain and checkable.
Identity is Twitch
UsePaid pays an X account through X Money. Neverlogoff proves the recipient
with Twitch OIDC (sub = user id), then releases to a bound wallet
(or a later off-ramp). Chat commands and Extensions are UX only — money still
goes through the claim site.