Tokenomics
NewB token is the native token of NewB.Farm
Last updated
NewB token is the native token of NewB.Farm
Last updated
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.
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.
