The NVL Token was created on 25th November 2021, and its main utility is for it to be given as a reward to customers who purchase their Voice over IP (VoIP) equipment and services from businesses working within the VoIP industry. Northern VoIP is working on and establishing  partnerships with other VoIP businesses allowing a growing network of businesses to participate in offering their customers NVL as a reward.

NVL will also be utilised as an efficient payment solution helping VoIP businesses to transact with their customers globally in seconds.

The original total supply of NVL created on 25th November was 10,000,000 however on 3rd January 2022 over 1.465 million NVL tokens were burned. There is also a monthly NVL buyback & burn carried out as part of the Nordin The Viking NFT Marketplace project. See our [website](https://www.northernvoip.co.uk/nvl-token/) for current total supply.

5,000,000 NVL of the total supply was airdropped to 21,338 NVL Trustline accounts on the 20th December 2021.

The snapshot of the Trustline accounts took place at 6pm on Monday 20th December 2021. NVL holders were required to hold 5 NVL in their wallet till the airdrop completed to qualify.

**NVL Rewards**
A rewards pool of 500,000 NVL Tokens has been allocated for future distribution to VoIP customers and VoIP businesses that are involved in the NVL Project. The rewards pool has been set up as an incentive to increase customer sales for VoIP businesses. Customers are essentially receiving cashback in the form of NVL tokens for purchasing VoIP equipment and VoIP services from the businesses involved in the project.

**Online Orders**
Every order placed on the Northern VoIP Online Store is eligible to receive a free cashback gift in the form of NVL Reward Tokens.

The amount of NVL gifted per order is based on a percentage of the total value of the order. The amount received is subject to change and will depend on market conditions and the amount of NVL available in the NVL Rewards pool. When a customer is placing an order then they will see how much NVL tokens they will receive for that order during checkout.

**Customer VoIP Services**
Customers that pay for any monthly VoIP services with Northern VoIP (and customers of businesses participating in the NVL Project) will also be eligible to receive NVL Rewards. The amount of NVL gifted is based on a percentage of the monthly cost of their VoIP services. Again, this is subject to change depending on the market conditions and the amount held in the NVL Rewards pool.

Customers that would like to opt in and collect NVL Reward Tokens should save their NVL Token wallet address to their account for convenience.

**NVL Project Partners**
Are you a business working within the VoIP sector and interested in getting involved in the NVL Project?

Being a partner in the NVL Project will allow your customers as well as your business to benefit financially by receiving NVL Rewards. The aim is for your customers to view the NVL Rewards as an incentive that will help increase your business sales. There are no outlays or cost to become involved in the NVL Project, just a little investment of your time and Northern VoIP will manage the distribution of the NVL Rewards.

**NVL Payments**
NVL runs on the XRPL network which allows the settlement of transactions to made globally in seconds. This makes NVL an excellent payment solution. Another aim of NVL is to be implemented as a payment option on the Northern VoIP website initially then NVL Project partners will also have the opportunity to accept NVL for payments.

Northern VoIP is aiming for NVL to become one of the most recognised payment solutions for businesses working the VoIP industry.

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