NewB Farm
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  • Home of NewB.Farm!
  • Security & Risks
  • PROTOCOL
    • Tokenomics
    • Platform
  • HOW-TOS
    • Binance Smart Chain (BSC)
      • How to Get Started with Binance Smart Chain (BSC)
        • Pancakeswap
      • How to Get Started with Binance Smart Chain (BSC) | Binance Academy
      • Metamask: Add Binance Smart Chain (BSC) Network
    • TOKEN POCKET OPERATE NEWB.FARM
      • STEP 1 HOW TO REGISTER TOKEN POCKET
      • STEP 2 HOW TO ADD NEWB IN TOKEN POCKET
      • STEP 3 HOW TO TRANSFER ASSETS FROM BINANCE EXCHANGE
      • STEP 4 HOW TO BUY NEWB
      • STEP 5 HOW TO SWAP BNB-NEWB AND BUSD - NEWB LP TOKEN POCKET
      • STEP 6 HOW TO STAKE LP IN NEWB.FARM
    • Token Pocket
      • How To Register And Import Token Pocket
      • How To Operate In Token Pocket
      • How To Add NewB In Token Pocket
    • How To Swap (BNB-NEWB) and (BUSD - NEWB) LP in Token Pocket
    • Trust Wallet
      • How To Register And Import Trust Wallet
      • How To Operate In Trust Wallet
      • How To Add NewB In Trust Wallet
    • MetaMask
      • How To Register And Import MetaMask
      • How To Operate In MetaMask
      • How To Add NewB In MetaMask
    • HOW TO JOIN NEWB LINKTR.EE
    • HOW TO RECEIVED NEWB AIRDROP
    • HOW TO CHECK AUDIT REPORT
    • HOW TO USE GITBOOK
    • HOW TO SHARE NEWB.FARM
  • Info
    • Introduction
    • Fees
    • APY vs APR
    • Defi Dictionary
      • TVL
      • Vault
      • Token
      • APY
    • Staking
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  • Max Supply: 90,000 $NewB
  • Details:
  1. PROTOCOL

Tokenomics

NewB token is the native token of NewB.Farm

PreviousSecurity & RisksNextPlatform

Last updated 4 years ago

Max Supply: 90,000 $NewB

NewB.Farm started with no pre-farm and pre-liquidity providers with the support of 10 LFC global community, we will have roughly around 2 - 3 million USD for NewB Vaults once launched.

To ensure fair distribution of $NewB, only vault users (non-turbo vaults) will be able to mine $NewB tokens in addition to the yields from auto-compounding vaults.

Details:

Deflationary Tokenomics: Vault fees (15%) on vault users' profits are used to perform market buy-backs and these $NewB are burnt out of supply forever in the near future.

Utility:

  • Receive fees from cross-chain vaults

  • Receive fees from DEX aggregator

  • Governance

Percentage Breakdown:

~30% 27,000 NewB Tokens are available for the vault token mining program

~20% 18,000 NewB Tokens are dedicated to the team to ensure sustainable and rapid innovation and marketing rewards such as collaboration with other DEFI projects ~50% 45,000 NewB Tokens are dedicated to the 10 Global LFC Community, which breakdown into two parts

  • 1st part - 2,400 $NewB tokens will be released to each LFC on the 7th month, each month will be 400 $NewB tokens until the 12th month

  • 2nd part - 2,100 $NewB tokens of each LFC community will add liquidity to WBNB-NEWB LP and BUSD-NEWB LP, their LPs will not be pledge to the vaults to mine NewB and will be locked into a smart contract for one year.

NewB.Farm Tokenomics