Skip to main content

NEF Token

Overview​

As the native ERC-20 token of Nefster, NEF is a symbol and foundation of the community ethos that lies at its heart. Providing a framework for the distribution of the token and for decentralized governance enables greater participation in the growth and development of the Nefster ecosystem by its contributors.

Tokenomics​

Allocation​

Community 51%
Team 28%
Investors 20%
Advisors 1%

Total supply of 21 billion tokens.

  • Community: 51% (10,710,000,000 NEF)
    Includes, for example, community & ecosystem development, partnerships & other collaborations seeking to expand the Nefster community, supporting good causes & projects, and providing liquidity on exchanges.
  • Team: 28% (5,880,000,000 NEF)
    Includes Nefster team members, other key contributors, and Nefster operations. Team members and key contributors have 4-year vesting with a 1-year cliff.
  • Investors: 20% (4,200,000,000 NEF)
    Investors have 4-year vesting with a range of cliffs.
  • Advisors: 1% (210,000,000 NEF)
    Advisors have 4-year vesting with a range of cliffs.

Governance​

In line with the goal of decentralization, the NEF token is planned to be the foundation of a decentralized autonomous organization (DAO), where token holders collectively make decisions, manage resources, and steer the platform's future. Enabling the DAO to propose, discuss, and vote on platform developments, changes, and improvements ensures that the community is part of Nefster's evolution. Details are being finalized, but key functions may include:

  • Proposal: NEF holders can submit proposals for platform improvements, partnerships, and other strategic initiatives.
  • Voting: The DAO can vote on proposals that have been submitted and are up for voting.
  • Implementation: Successful proposals, based on predetermined criteria or thresholds, can then be implemented by the Nefster team.

NEF token contract address: 0xDa6593dBF7604744972B1B6C6124cB6981b3c833