The Nothing token, also known as micro-nothing ($MNO), was created at block 5235 in the Stacks (STX) ecosystem. It was the first usable coin in the ecosystem before the SIP-010 standard existed. $MNO had a max supply of 100 trillion tokens, all minted at deployment and distributed among different addresses.
During the token distribution, 95% were given to the most active members of the Stacks community through a random selection process. An additional 1% was allocated for listing on Alex, while the team retained 4% of the total supply.
The airdrop occurred in two phases: 4,500 recipients received 14B tokens directly, amounting to 65T. The remaining tokens were distributed through a claim system open for first-come, first-served claims for one week and then available for everyone afterward. This resulted in an additional 20.6T being distributed.
Lost tokens, accounting for 11T, posed a considerable risk to the project. In response, the community agreed to implement the current wrapper ($NOT) to mitigate potential dump risks.