Tokenomics
*The current emission rate for Naga is not finalized yet
Emission rate
Per block
Metric | Emission/block (NAGA) |
Emission | 20 |
Effective Emission | <20* |
*Effective Emission is in fact slightly below this amount: a total of 46,000 NAGA per day is diverted from the amount allocated to be distributed and burned. Details below.
Per day
Metric | Emission/day (NAGA) |
Emission | 576,000 |
Effective Emission | 576,000 |
In addition to the above, a dynamic amount of NAGA is also minted to the Community Fund at a rate of 9.09%. This means that if 100 NAGA are harvested, then 10 NAGA is minted in addition and sent to the Dev Address. [10/(100+10) = 0.0909]
However, all NAGA minted to the Community Fund is burned in the weekly burn and only enters the circulation when the community needs it. As such, we have not included it in the above emission rate.
Distribution
Distributed to | Reward/block (% of emission) | Reward/block (total NAGA) | Reward/day |
Farms | 85% | 17 | 489,600 (approx) |
Celestial Pools | 5% | 1 | 28,800 (approx) |
BNFT | 10% | 2 | 57,600 (approx) |
Total Daily NAGA Emission | 576,000 (approx) |
Other Deflationary Mechanics
At present, NAGA is also burned in the following ways:
The burning process is currently manual. View burn transactions here.
Read more about NAGA's deflationary mechanics on the next page.
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