NEP tokens, or NEPRI tokens, are the native currency of NEPRIDAO driving its governance, all of its features, products, and incentive structures.
$NEP token will be a pure utility and governance token that powers the NEPRIDAO protocol.
What does the $NEP token do?
$NEP will be an ERC-20 token. It will be used to stake in the system, and as a governance token when the governance module is launched. As it conforms to the ERC-20 standard, the $NEP token will be tradeable on any exchange and storable on any wallet - allowing anyone in the world to access it.
What's the supply of $NEP tokens?
The total amount of $NEP tokens will be 1,000,000,000.
Supply and Inflation
Fixed supply of 1,000,000,000 NEP tokens.
Distribution and Vesting
Note: Private sale and launch partner rewards are still being finalized, and the numbers are subject to change. Unallocated amounts will be returned to the NEPRIDAO Treasury.
- First vesting: January 07, 2022
Launch Partner Rewards
- NEPRIDAO Treasury will hold 70% of total NEP tokens
- Tokens can be used for swaps, grants, milestone rewards, community and ecosystem incentives, etc. All usage will be executed only after a DAO proposal and vote.
- Treasury tokens will be effectively owned by token holders in proportion to their token holdings (e.g. a 1% token holder has a look-through ownership of 1% of the 70%, or an additional 0.7% of overall tokens)
Initial Team Members Locked Initial Team Members will hold a percentage of NEP tokens at launch. As these tokens are privately held by Initial Team Members, they will be used for any purposes, including establishing R&D centers to support NEPRIDAO, supporting business growth, rewarding, NEPRI Pioneers and community members, or NEPRIDAO affiliated R&D center employees and stakeholders.