Emission Schedule

Initial Supply Distribution

The total initial supply of NEP tokens is set at 4 million, allocated as follows:

• 2.5 million NEP: Allocated as vote-locked tokens (veNEP), distributed across 5 NFTs with maximum lock durations.

• 1.5m NEP: 1/2 is sold through Neptune’s own LBP sales platform and the other half is paired with all ETH raised for liquidity provision to the NEP/ETH pair on Neptune DEX. This liquidity, classified as protocol-owned liquidity (POL), will be locked for a period of one year.

Initial Emission:

60,000 NEP (1.5% of the total initial supply) will be distributed as the starting emission for the first week.

Growth phase Emission:

To encourage the growth phase of the project, the emissions will increase by 1% per epoch until epoch 15.

Neptune Governance System:

From epoch 15 onward, veNEP voters will control Neptune's monetary policy through the governance system. During each epoch, voters will decide among three options:

Increase emissions: By 0.01% of the total supply (equivalent to 5.2% annualized)

Note: The projection below assumes a 40% emissions lock rate.

Decrease emissions: By 0.01% of the total supply (equivalent to 5.2% annualized).

Note: The projection below assumes a 40% emissions lock rate.

Maintain emissions: At the current rate of 1% of the total supply.

Note: The projection below assumes a 40% emissions lock rate.

The outcome will be determined by a simple majority vote. If emissions are adjusted (increased or decreased), the new rate will take effect in the following epoch.

Emission Rate Caps:

• Maximum: 1% of the total supply per week (52% annualized).

• Minimum: 0.01% of the total supply per week (0.52% annualized).

Weekly Emission Distribution

Achieving a fully autonomous and immutable protocol is a valuable goal but requires ongoing resources. To ensure long-term sustainability, a dedicated team will focus on decentralization, documentation, community support, and ecosystem development.

To fund these efforts:

• 8% of the weekly emissions will be allocated to the team address (0xdacCae2556c3A74D6c7087D750485cC0a100f506) for operational and developmental needs.

• 2% of the weekly emissions will be allocated to the marketing address (0x2a32011482ddcd72769dD73bA56D8b0f57574de0)to drive growth and engagement.

Emission Rewards

$NEP emissions are distributed to liquidity pools each epoch based on the $veNEP voting power allocated to those pools.

Liquidity providers (LPs) can stake their LP tokens to earn a portion of the $NEP emissions assigned to their pool. The rewards are calculated proportionally to the staked amount and the duration of the stake. Emissions accumulate continuously throughout the epoch and become available for claiming as they accrue.