N-Word Pass (NWORDPASS) is an economic system that aims to bring transition in the financial ecosystem. The project introspects possible online threats and attacks that can harm the online world. N-Word pass solves this problem by charging penalties on such users who cross the line of legality against the government and users. Further, the platform can also create a Binance smart chain (BSC) compatible escrow system where users deposit tokens into the platform’s wallet. The escrow system refers to when a third party holds assets or funds until both parties have fulfilled their contractual requirements. Then, tokens get subtracted from the violator’s account based on the severity of violations and get burned or redistributed to the users. Burning signifies a mechanism where a fraction of tokens is sent to a wallet with no private key to remove the token from supply to stabilize the price of the token. The process usually reduces the availability of the tokens and increases market value.
The N-Word pass token offers the unassailable security of the BSC network to keep the users protected from attacks. Further, NWORDPASS is the native currency of the N-Word Pass token. The project redistributes 10 percent of every transaction to the token holders. Also, the project doesn’t plan to mint any tokens in the future. The total supply of the N-Word pass is 2,020,200,000,000.