# 3.1 $NSG Minting Mechanism

**Minting Source: New Society Governance Bond - $bNSG**

●      Total Cap: Initial cap of 1 billion tokens

●      Acquisition Method: Public sale with USDT

○      Initial price: 1 $bNSG = 0.10 USDT

○      Current price: 1 $bNSG =0.124 USDT (as at 10/6/2025)\ <br>

●      Minting Ratio:

○      Burn 1 $bNSG → Max Mint 3 $NSG (3x $NSG token based on total bonds burned)

○      Burn 1 $NSG → Mint 1 $bNSG

●      Minting Mechanism

○      $NSG Tokens are distributed based on 24 hours

○      Initial Minting Rates are started at 0.8% (base minting rate) and would drop 0.05% based on every 50 million $bNSG token burned.

○      Higher Minting Rates for longer soft lock-up periods (0.01% incremental per days)

○      Any Claim on Minting Rewards would reset the Minting Rates as per base Minting Rate