NEON token allocation

NEON has been minted to a fixed supply of 1,000,000,000, the majority of which will initially be locked in a vesting contract. NEON, is an SPL utility token with 2 vital functions:

Payment of fees

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The Neon EVM Operator accepts payment from the user in NEON tokens to pay the fees required for transaction execution.

Governance

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Owners of NEON may engage in the Neon DAO governance activities, including decisions around distributing funds from the treasury.

To learn more about the token, see the documentation. Let’s take a look at how this supply of NEON has been allocated across 8 key sectors.

Public sale

5.00% of tokens were allocated to the public sale, to provide liquidity for the Neon EVM ecosystem. This ensures a wide distribution of the tokens and active participation in the ecosystem development by token holders via the Neon DAO.

Distribution schedule:

- Lockup: none
- Vesting: none

Early purchasers

Early token purchasers — those who participated in a private sale to accredited investors in November 2021 — hold 16.12% of the token supply. Early purchasers played a crucial role in supporting the project during the emergent stage when Neon EVM required significant resources to support its development. These early token purchasers demonstrated unwavering support for the project and provided vital financial backing.

Distribution schedule:

- Lockup: 1 year
- Vesting: 1 year (following the end of the lockup)

Early contributors

To recognize the invaluable contributions of those individuals who contributed to the launch of Neon EVM, 1.00% of tokens are allocated as a reward for their efforts in bringing Neon EVM to life.

Distribution schedule:

- Lockup: 1 year minimum
- Vesting: 1 year minimum (following the end of the lockup)

Advisors & service providers

Advisors and expert service providers have been crucial in building the ecosystem of Neon EVM in its early stages. With a token allocation of 1.07%, the project incentivizes these experienced individuals who provide invaluable services, assisting in making well-informed decisions. Their partnership has strengthened the Neon EVM network, enabling the project to leverage their valuable connections and resources within the blockchain industry.

Distribution schedule:

- Lockup: 1 year minimum
- Vesting: 1 year minimum (following the end of the lockup)

Solana Capital Ventures International

From the outset of the Neon EVM, Solana Capital Ventures International was allocated 6.00% of NEON tokens for their consulting services. This collaboration helps the project leverage its expertise and further enhance the Neon EVM ecosystem.

Distribution schedule:

- Lockup: 4 years
- Vesting: none

Founders

The original Neon EVM founders who initiated the project, have been allocated 15.00% of the token supply. The founders of the Neon EVM project are the driving force behind the project since its inception, investing their time, resources, and unwavering efforts to bring the vision of Neon EVM to life. From the early stages of conceptualization to the ongoing development and growth, the founders have been at the forefront, leading the project passionately and enthusiastically. This allocation ensures they have a stake in the project’s success and align their interests with the community.

Distribution schedule:

- Lockup: 1 year
- Vesting: 1 year (following the end of the lockup)

Ecosystem development

31.5% of tokens are dedicated to incentivizing a wide range of companies and communities to build and participate in the Neon EVM ecosystem actively. This allocation serves as a powerful catalyst, encouraging collaboration, innovation, and long-term commitment from diverse stakeholders.

Distribution schedule:

- Lockup: 1 year minimum
- Vesting: 1 year minimum (following the end of the lockup)

Foundation treasury and ecosystem growth

24.31% of tokens have been allocated to the Foundation Treasury, to be managed by the Neon DAO, the body dedicated to driving the Neon EVM ecosystem. Neon EVM aims to attract and empower a vibrant network of developers, entrepreneurs, and blockchain enthusiasts by allocating a significant portion of tokens for grants and other programs. For example, 1.00% of the token allocation is dedicated to an incentivization program, the Early Builders Program (EBP), aimed at encouraging pioneering dApp developers and active community members. By incentivizing early builders and supporters, the project accelerates the rapid growth of the Neon EVM ecosystem.

The treasury will offer these incentives act as a means to motivate and reward a range of contributors, ensuring the continuous evolution and expansion of the Neon EVM platform for years to come.

Distribution schedule:

- Lockup: none
- Vesting: of 23.31% none / of 1.00% EBP 6 months

Important Considerations

Please note, recipients of the tokens undergo a rigorous KYC/AML process and must reside outside restricted territories such as the USA, Canada, China, and South Korea.

Our detailed token allocation plan ensures a balanced and collaborative approach to fueling the growth of the Neon EVM ecosystem. With transparency and inclusivity as guiding principles, we are confident in the potential of our project and excited to continue building alongside our supportive community.

Want to learn more?

To engage with the community, you can find us on Twitter and join Neon’s very active Discord to meet some of our long-term and loyal community builders. To understand more about the utility of NEON, see the whitepaper at NeonEVM.org/whitepaper.pdf.