Documentation

Novatok Whitepaper

Technical documentation and vision for the Novatok ecosystem

Whitepaper v2.0

Last updated: Oct 2024

Pages
48
Version
2.0.3

Contents

Executive Overview

Novatok represents a paradigm shift in how we think about cryptocurrency utility. Unlike single-purpose tokens, Novatok powers an entire ecosystem of seven interconnected applications, each solving real-world problems through blockchain technology.

Our vision is simple yet ambitious: create a token that people actually use, not just hold. Through our ecosystem of applications spanning social media, pet identification, digital security, payments, NFTs, rewards, and location-based gaming, NOVAbecomes the universal currency for decentralized services.

Key Highlights: - 7 fully integrated applications - 50,000+ TPS on Solana - Sub-$0.001 transaction fees - 2.1M+ token holders - $248M market capitalization

The Novatok ecosystem is designed for mass adoption, with user-friendly interfaces that abstract away blockchain complexity while maintaining full decentralization and security.

Glossary

NOVA
The native token of the Novatok ecosystem
TPS
Transactions Per Second - measure of network throughput
APY
Annual Percentage Yield - staking reward rate
DAO
Decentralized Autonomous Organization
DEX
Decentralized Exchange
SPL
Solana Program Library - token standard on Solana