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:

• 100% of NAGA spent on minting BNFT

• 50% from other income sources

• 20% of NAGA spent on Blog Clapping

• 20% of NAGA spent on Trading War

The burning process is currently manual. View burn transactions here.

Read more about NAGA's deflationary mechanics on the next page.