We are excited to release more details on the tokenomics of our platform token, NETA. The rest of this article will explore what to expect, and how to get involved with our community!
Contents
- Introduction
- NETA and cNETA
- Tokenomics
- Public Distribution
- Core Team, Advisors, Angel Investors
- Aneta Foundation
- Final Remarks
Ergo NETA Policy ID: 472c3d4ecaa08fb7392ff041ee2e6af75f4a558810a74b28600549d5392810e8
Cardano cNETA Policy ID: b34b3ea80060ace9427bda98690a73d33840e27aaa8d6edb7f0c757a
1. Introduction
This past Monday, we released Part II of Everything to Know About NETA Community Airdrop Fund, where we explain the status of each airdrop event. The process of organizing and distributing the NETA airdrop to our community has begun and will continue throughout the month of January. We will continue to update our community on the status of these events.
As the first NETA tokens are airdropped to our NFT Giveaway Winners, we would like to take a moment and break down the details on the tokenomics of NETA, the governance and revenue-sharing token of anetaBTC.
We are more than thrilled to see that our rapidly growing community has already attracted individuals from around the world.
We at anetaBTC are grateful for each and every one of you and hope that our project and the NETA tokens we are distributing to our community will one day make a positive impact in your lives.
2. NETA and cNETA
There are a combined total of two billion (2,000,000,000) anetaBTC protocol tokens and is hard-capped at this amount.
- 1,000,000,000 (50%) of these anetaBTC protocol tokens will be on Ergo as NETA.
- 1,000,000,000 (50%) of these anetaBTC protocol tokens will be on Cardano as cNETA.
Combined, NETA and cNETA tokens represent a 100% governance and revenue-sharing stake for the entire anetaBTC protocol.
Each and every NETA and cNETA token has an equivalent stake in the anetaBTC protocol.
3. Tokenomics
The total NETA allocation from largest to smallest is explained below:
- Public: 70% (1,400,000,000 tokens)
- Core Team, Advisors, Angel Investors: 25% (500,000,000 tokens)
- Aneta Foundation: 5% (100,000,000 tokens)
4. Public Distribution
A total of 70% of the total NETA supply will be for public distribution, and the breakdown of this category is explained below.
Total Public Distribution: 70% (1,400,000,000 tokens)
- To Be Announced: 59% (1,180,000,000 tokens)
- Ergo Development DAO: 5% (100,000,000 tokens)
- Community Airdrop Fund: 5% (100,000,000 tokens)
- Community Team Fund: 1% (20,000,000 tokens)
To Be Announced
This remaining public distribution will be allocated in various ways, primarily for the benefit of NETA holders. Announcements will be made in the coming weeks in regard to this.
Ergo Development DAO
We are donating 5% of the total NETA supply to the Ergo Development DAO, a community-funded initiative led by the Ergo Foundation to provide resources for the growth of the Ergo ecosystem.
To allow our decentralized ecosystem to flourish for the long-term, our goal is to contribute to this effort led by the Ergo Foundation in creating a self-sustaining resource, which will provide a means to fund projects that will hopefully have a positive impact on future generations.
Community Airdrop Fund
The Community Airdrop Fund (CAF) has been live for over a month, and we have begun to airdrop the first NETA tokens to our community members.
We are thrilled to see NETA tokens have already been distributed to our community members throughout the world, including: Argentina, Brazil, Germany, India, Indonesia, Italy, Malaysia, Nigeria, Philippines, Poland, Russia, Singapore, Uganda, and many, many more.
So far, NETA tokens have been distributed to all winners of the meme and infographic contests along with those who won the NFT and Twitter Spaces giveaways.
The NETA tokens allocated for the CAF will continue being distributed over time. Thus far, 72% of the CAF has been allotted, including a combined 20,000,000 anetaBTC platform tokens to be airdropped to the first users of ErgoDEX and Minswap.
Community Team Fund
We have allocated a total of 1.0% of the total NETA supply to the Community Team Fund where we encourage our community members to join us in building anetaBTC and growing our global community.
Roles include community managers, ambassadors, and developers.
We will release more information on this as our team expands.
5. Core Team, Advisors, Angel Investors
The total allocation for our Core Team, Advisors, and Angel Investors is 25%.
The Core Team includes our research and engineering teams led by Ph.D.’s from MIT and the University of Helsinki.
The Core Team also includes additional engineers from Astana IT University, which were introduced in a previous technical update.
Up until this point, we have been bootstrapping our efforts.
We may, however, allocate a portion of the Core Team and Advisors distribution to Angel Investors if we believe it will be beneficial for our protocol.
6. Aneta Foundation
The Aneta Foundation is a non-profit organization. The primary focus of the Aneta Foundation is to contribute to educational causes throughout the world — with a primary focus of contributing to Khan Academy.
Khan Academy is a non-profit educational organization created by Sal Khan. Khan Academy’s mission is to provide a free, world‑class education for anyone, anywhere.
Since its founding in 2008, Khan Academy has had a tremendous impact on the lives of countless individuals throughout the world, including members of the anetaBTC team. Without access to the incredible educational resource that is Khan Academy, members of the anetaBTC team would never have been able to build the fundamental foundations in math necessary to explore advanced mathematics — a prerequisite for learning advanced computer science.
We at anetaBTC are eternally grateful to Sal Khan and Khan Academy and are proud to be able to contribute to their cause.
7. Final Remarks
We thank each and every member of our anetaBTC community for your support thus far.
The advent of blockchain technology first granted to us by Satoshi Nakamoto, utilizing the tremendous power of decentralization and thus censorship resistance, has provided an unparalleled tool for humanity to attain true financial freedom. With the power of blockchain, together we can make a difference.
Join us at anetaBTC in our mission to make this world a better place.
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
