Neon, represented by the NEON token, is a cutting-edge solution built on the Solana blockchain, providing a fully Ethereum-compatible environment. This compatibility not only facilitates the seamless migration of Ethereum dApps to Solana but also leverages Solana's inherent advantages, such as lower transaction fees, higher speeds, and scalability. Neon's integration with Solana enables Ethereum applications to run more efficiently, benefiting from Solana's high throughput and low-cost transactions, without requiring developers to abandon the familiar Ethereum toolset.
The NEON token serves dual roles within the ecosystem. Firstly, it acts as a utility token, used to pay for transactions within the Neon platform, including dApp deployments, interactions, and transfers, akin to how ETH functions within Ethereum. Secondly, NEON serves as a governance token, granting holders voting rights in the decentralized autonomous organization (DAO) governing the Neon protocol. This structure ensures that the development and direction of the Neon EVM are guided by its community.
Neon introduces several components to facilitate its operations, including Neon EVM, Neon Proxy, and Neon DAO. The Neon EVM is built as a smart contract on Solana, enabling parallel execution of transactions and enhancing the platform's efficiency. The Neon Proxy acts as an intermediary, wrapping Ethereum-like transactions into Solana transactions for processing. This system not only preserves the developer experience of Ethereum but also introduces the benefits of Solana's performance, demonstrating Neon's potential to bridge the gap between these two leading blockchain ecosystems.
Explore the tokenomics of Neon(NEON) and review the project details below.
What is the allocation for Neon(NEON)?
The total supply of NEON tokens is fixed at 1 billion, distributed across various segments to ensure the balanced growth of the platform. Here's a summary of the allocation:
- Public Sale: 5% of the tokens were made available to the public to ensure widespread distribution and engagement within the ecosystem.
- Early Purchasers: 16.12% allocated to early investors who participated in private sales, recognizing their early support with specific lockup and vesting periods to align long-term interests.
- Early Contributors: 1% dedicated to individuals who played a crucial role in the early stages of the Neon EVM's development, with lockup and vesting terms to reward their contributions.
- Advisors & Service Providers: 1.07% set aside for advisors and service providers who have been instrumental in guiding and building the Neon EVM ecosystem, also subject to lockup and vesting.
- Solana Capital Ventures International: 6% allocated for their consultancy and strategic support, with a longer lockup period to reflect their ongoing involvement.
- Founders: 15% reserved for the project's founders, acknowledging their vision, leadership, and dedication to the Neon EVM from inception through ongoing development, with lockup and vesting conditions.
- Ecosystem Development: 31.5% intended to incentivize companies and communities to actively build on and participate in the Neon EVM ecosystem, promoting innovation and collaboration.
- Foundation Treasury and Ecosystem Growth: 24.31%, managed by the Neon DAO, designed to fund grants, programs, and initiatives aimed at fostering the platform's growth and sustainability.
What is the supply schedule for Neon(NEON)?
The vesting and unlock schedule for Neon (NEON) tokens is designed to ensure a steady release of tokens into the market, aligning the interests of the project’s stakeholders with its long-term success and development. Here's a detailed overview of the vesting and unlock schedule for NEON tokens:
- Public Sale: 5% of the total supply was allocated for the public sale with no lockup or vesting period.
- Early Purchasers: 16.12% of the tokens were allocated to early purchasers, with a lockup period of 1 year followed by a vesting period of 1 year.
- Early Contributors: 1% is allocated to reward those who contributed to the early development of Neon EVM, with a minimum lockup of 1 year and a subsequent vesting period of 1 year minimum.
- Advisors & Service Providers: 1.07% allocated to advisors and service providers crucial in the early stages, with a 1-year minimum lockup and a 1-year minimum vesting period, acknowledging their strategic contributions.
- Solana Capital Ventures International: Received 6% of the tokens for consultancy services, with a 4-year lockup period, underlining the strategic partnership without a specified vesting period post-lockup.
- Founders: 15% reserved for the founders, with a 1-year lockup followed by a 1-year vesting period. This allocation reflects the founders' ongoing commitment and the project's vision.
- Ecosystem Development: 31.5% dedicated to ecosystem development, with a 1-year minimum lockup and a 1-year minimum vesting period. This significant allocation is aimed at fostering innovation and active participation within the Neon EVM ecosystem.
- Foundation Treasury and Ecosystem Growth: 24.31% managed by the Neon DAO, with no lockup for 23.31% of this allocation and a 6-month lockup for the 1% allocated to the Early Builders Program (EBP).
Neon, represented by the NEON token, is a cutting-edge solution built on the Solana blockchain, providing a fully Ethereum-compatible environment. This compatibility not only facilitates the seamless migration of Ethereum dApps to Solana but also leverages Solana's inherent advantages, such as lower transaction fees, higher speeds, and scalability. Neon's integration with Solana enables Ethereum applications to run more efficiently, benefiting from Solana's high throughput and low-cost transactions, without requiring developers to abandon the familiar Ethereum toolset.
The NEON token serves dual roles within the ecosystem. Firstly, it acts as a utility token, used to pay for transactions within the Neon platform, including dApp deployments, interactions, and transfers, akin to how ETH functions within Ethereum. Secondly, NEON serves as a governance token, granting holders voting rights in the decentralized autonomous organization (DAO) governing the Neon protocol. This structure ensures that the development and direction of the Neon EVM are guided by its community.
Neon introduces several components to facilitate its operations, including Neon EVM, Neon Proxy, and Neon DAO. The Neon EVM is built as a smart contract on Solana, enabling parallel execution of transactions and enhancing the platform's efficiency. The Neon Proxy acts as an intermediary, wrapping Ethereum-like transactions into Solana transactions for processing. This system not only preserves the developer experience of Ethereum but also introduces the benefits of Solana's performance, demonstrating Neon's potential to bridge the gap between these two leading blockchain ecosystems.