Tokenomics

Flat Rate Emissions

Launch: 500M tokens

Weekly Emissions:

• First 28 weeks: 10M tokens per week

• Next 18 weeks: 9M tokens per week

• Following 18 weeks: 8M tokens per week

Year 1 emissions are capped at 1 billion.

Governance Implementation

The $NEBY token is designed to empower holders with governance rights, enabling them to play an active role in the project's evolution through decentralized decision-making processes. While the governance module is still under development and subject to refinement, the proposed features aim to ensure robust and inclusive participation. Here's an overview of the potential governance framework:

Governance Module (veNEBY):

Holders of $NEBY tokens will have the option to convert their tokens into veNEBY (voting escrowed NEBY) tokens, unlocking governance powers. The veNEBY tokens are at the core of the governance model and will allow holders to:

• Control Token Emissions: Influence the distribution of token emissions on a per-epoch basis to balance supply dynamics and incentivize ecosystem growth.

• Vote on Pool Allocations: Participate in determining how resources are allocated across various liquidity pools, aligning decisions with staking models and the strategic goals of the project.

This governance structure is expected to enhance the project's decentralization and ensure that community-driven decisions directly impact its development trajectory.

Supply Limit and Minting Role Transition:

• To maintain long-term stability and decentralization, the total token supply is capped at 1 billion for the first year after launch. Before the end of the first year, ownership and minting roles will transition to a smart contract, which will autonomously manage future token minting within predetermined limits. This transition will eliminate centralized control over token issuance and establish a fully decentralized mechanism for managing supply.

Estimated Governance Rollout Timeline:

• The governance module is planned for implementation within approximately 48 weeks from the project launch. However, as this system is still in active development, specific functionalities and features may evolve based on ongoing discussions and community feedback.

Governance is a cornerstone of the $NEBY token's utility, ensuring that the community has a voice in shaping the future of the project while maintaining alignment with its goals.

NEBY Token Utility

Only staked tokens receive rewards, with governance tied to veNEBY tokens. This ensures that only committed participants influence the platform’s direction and rewards.

Staking and Locking Multipliers

No Lock: No stake = No rewards

• 3-Month Lock: 1x multiplier

• 6-Month Lock: 2x multiplier

• 12-Month Lock: 4x multiplier

• 24-Month Lock: 8x multiplier

• 36-Month Lock: 12x multiplier

Liquidity protocol fees are distributed based on staked amount multiplied by the locking multiplier, favoring longer stakes.

Rewards mechanism

The staking rewards on Neby are funded through fees collected from swaps on the platform, not from token burning. Here’s how the USDC rewards for staking Neby tokens work, explained step-by-step:

1. Swapping Tokens: A user swaps, for example, 5 Uniswap tokens for 5 Neby tokens on the DEX. A small percentage of this transaction fee is allocated to the rewards pool.

2. Staking Neby Tokens: The user stakes their Neby tokens to start earning rewards.

3. Generating Rewards: Over time, as more swaps occur on the platform, rewards accumulate. These rewards are collected in USDC through the DEX, using a bot if necessary to swap accumulated tokens into USDC.

4. Claiming Rewards: The rewards are deposited into the staking contract (“staker”) and made available for the user to claim. The platform does not send rewards directly to users; they need to manually claim them through the staking page.

This process ensures that staking rewards are funded entirely from platform activity and distributed fairly to users who stake Neby tokens.

Token Allocation

The total supply of $NEBY is 500,000,000 tokens, distributed across various categories to support the ecosystem and its growth. Below is the breakdown:

Category	Number of Tokens	% of Total Supply
Public Sale	135,000,000	27.00%
Private Sale	90,000,000	18.00%
Genesis Liquidity & MM	75,000,000	15.00%
Operational Funding	70,000,000	14.00%
Marketing	25,000,000	5.00%
Protocol Grants	35,000,000	7.00%
Ecosystem Funding	70,000,000	14.00%

Vesting Schedule

To ensure a sustainable release of $NEBY tokens, a vesting mechanism is in place for most allocations. The details are as follows:

Category	Tokens Unlocked at TGE	Cliff (Months)	100% Released After (Months)	Unlock Mechanism	Token Price
Public Sale	67,500,000	0	2	Linear daily unlock	$0.0045
Private Sale	18,000,000	0	6	Linear daily unlock	$0.0029
Genesis Liquidity & MM	75,000,000	0	Immediate	Immediate availability
Operational Funding	70,000,000	0	36	Locked in staking pools
Marketing	2,500,000	0	36	Linear daily unlock
Protocol Grants	0	6	36	Linear daily unlock
Ecosystem Funding	0	6	36	Linear daily unlock

Open market price of NEBY token will be $0.005 FDV: $2,250,000

IMC $606,937

Key Notes on Vesting:

• Public Sale Tokens: 50% unlocked at the Token Generation Event (TGE), with the remainder unlocked linearly over 2 months.

• Private Sale Tokens: 20% unlocked at TGE, with the rest unlocked linearly over 6 months.

• Marketing & Ecosystem Funding: Unlock gradually to ensure consistent support for campaigns and ecosystem growth.

The $NEBY token is designed to fuel the Neby ecosystem while maintaining a transparent and fair distribution model. This section outlines the token allocation, vesting schedule, and details on locking mechanisms.