NINJA Token
Tokenomic details.
Notes:
    1.
    Last updated on Oct 7th, 2021 18:41 UTC.

What is NINJA?

NINJA is the token of the Ninja Protocol ecosystem.
NINJA is a SPL token on the Solana blockchain.

NINJA Token Utility

NINJA token's tiered system provide holders a range of benefits and rewards within the Ninja Protocol ecosystem.
    Profit share of Ninja Protocol products.
    Profit share of Ninja Protocol ecosystem-services.
    Governance of Ninja Protocol products.
    Governance of Ninja Protocol ecosystem-services.
    Access to Ninja Protocol developmental products.
    Access to Ninja Protocol preferred holders programs.
Here's a twitter thread by our founder adidogCEO giving a brief overview of NINJA token's utilities and what's to come in the future.

Origins of NINJA Token

    A total of 50,000,000 NINJA tokens were originally minted by an anonymous developer going by the pseudo-name "Yuzu" on May 1st, 2021.
    Roughly 2.2M NINJA tokens were distributed via airdrop to early supporters of the project.
    adidogCEO joined Ninja Protocol on May 11th, 2021.
    NINJA token hard-forked on June 23rd, 2021 into a new fractional NINJA, original NINJA tokens were renamed to OLDNINJA.
    NINJA token has a fixed supply, no more NINJA can be minted.

Tokenomics

    Ninja Protocol = 25,000,000 NINJA
    Team = 10,000,000 NINJA
    Treasury = 10,000,000 NINJA
    Community Fund = 5,000,000 NINJA
    Private sale = 2,500,000 NINJA
    Public sale = 2,500,00 NINJA
Notes
    1.
    There has not been any sales of NINJA token yet.
    2.
    Community fund will begin emissions on Sept 23rd, 2021.
    3.
    There will no longer be a public or private sale of NINJA tokens.
    4.
    Community fund has begun emissions through the NINJA/SOL pool on Sept 23rd, 2021.
    5.
    30,000,000 NINJA locked on Sept 26th, 2021 for 3 years.
    6.
    5,000,000 NINJA locked on Sept 26th, 2021 for 1 year.

NINJA Token Supply

Total supply of NINJA = 50,000,000 tokens.
    Tokens in circulation on Aug 1st, 2021 = 2,749,730 NINJA.
    549,730 NINJA distributed between May 11th - Aug 1st, 2021.
Updates: Sept 1st, 2021.
    Tokens in circulation = 3,200,000 NINJA.
    Now counting NINJA active in treasury as tokens in circulation.
    294,040 NINJA distributed between Aug 1st - Sept 1st, 2021.
Updates: Sept 19th, 2021.
    Tokens in circulation = 4,300,000 NINJA.
    800,000 NINJA has been added to treasury to provide liquidity to upcoming markets.
    300,000 NINJA has been activated from community fund.
Updates: Sept 23rd, 2021.
    Tokens in circulation = 4,800,000 NINJA.
    500,000 NINJA has been added to treasury to provide liquidity to markets made by Ninja Protocol.
    300,000 NINJA has been transferred from community fund to ORCA to be used as emissions for the NINJA/SOL pool.
Updates: Sept 24th, 2021.
    Tokens in circulation = 5,300,000 NINJA.
    500,000 NINJA has been added to treasury to provide liquidity to markets made by Ninja Protocol.
Updates: Sept 25th, 2021.
    Tokens in circulation = 4,500,000 NINJA.
    800,000 NINJA sent back to vault and treasury no longer providing liquidity in markets made by Ninja Protocol.
    300,000 NINJA is in ORCA emissions fund and has begun distribution to participants in the pool.
Updates: Sept 26th, 2021.
    Tokens in circulation = 4,500,000 NINJA.
    30,000,000 NINJA moved to secure offline location and locked for 3 years.
    5,000,000 NINJA moved to cold storage and will be locked for 1 year.
    7,800,000 NINJA moved to cold storage and will be unlocked for treasury to draw from as needed.
    2,500,000 NINJA moved to cold storage and will be unlocked and used for community emission programs.
Updates: Sept 27th, 2021.
    Tokens in circulation = 4,700,000 NINJA.
    200,000 NINJA added to treasury from reserves.
Updates: Oct 4th, 2021.
    Tokens in circulation = 5,500,000 NINJA.
    500,000 NINJA added to treasury from reserves.
    300,000 NINJA added to treasury from reserves.
Updates: Oct 7th, 2021.
    Tokens in circulation = 6,000,000 NINJA
    100,000 NINJA added to community wallet from community fund
    400,000 NINJA added to treasury from reserves.
Notes:
    1.
    Treasury has been distributing supply through weekly emissions to holders/team, development costs, community events/activities, and providing liquidity to serum marketplace.
    2.
    adidogCEO has sole control over the Ninja Protocol wallets and mint.

Lock-ups

30,000,000 NINJA tokens belonging to Ninja Protocol and team members will be locked for three years in a secure offline location.
Tokens will unlock in three years on September 26, 2024.
Contingencies plans have been put in place in the case of unforeseeable circumstances leading to adidogCEO's absence.
These plans will be activated in such a case to ensure the continuation of Ninja Protocol.
5,000,000 NINJA tokens belonging to team members have been moved to a cold storage wallet and will be unlocked in 1 year with a vesting schedule that will be released in the future.
Tokens will unlock in one year on September 26, 2022.
Please refer to this thread for a detailed explanation of our lock-ups and tokenomics written by adidogCEO on the day of lock-up.

Public Sale

There will no longer be a public sale of Ninja Protocol.
Thank you for your interest.

Private Sale

Private allocations of NINJA are no longer available.
Thank you for your interest.
Last modified 8d ago