Tokenomics
The NYKE token is the sole token powering the Nyke Protocol that seeks to evolve the current standard of incentive distribution strategies. NYKE has been built with a multi-year time horizon and a targeted approach to token incentives designed to sustainably grow the protocol without unrestricted inflation.
The protocol will reward NYKE token holders through the process of buying back NYKE using protocol revenue, and sending to a burn wallet. In the future governance could choose to change what is done with buybacks.
NYKE Supply
* Locked in a vesting contract over 5 years
Reward Incentives
Nyke Finance has developed an incentives strategy that will allow for maximally rewarding users of the protocol & encourage long-term, sustainable growth.
Market Incentives - By directing NYKE incentives towards high-volume markets, Nyke can attract more users while reducing unnecessary Nyke emissions.
A highly efficient multi-rewarder system - This system enables co-incentive partnerships with other like minded projects in the space. This could include airdrops, or LP rewards on a DEX.
Commitment to utilizing 100% of protocol fees to buy back NYKE - Nyke creates a hyper-efficient system that equally rewards all Nyke token holders without the need to stake, lock-up, or wait for restrictive cool-downs, allowing for holders to provide additional liquidity, or potentially use the token in other defi protocols. When Nyke performs a buyback and burns tokens, everyone benefits proportionately. All done on-chain through a smart contract anyone can initiate.
Liquidity
HebeswawpV2 pool: 0x125b3efc568a40ba51bfde3706f8d4eced8a3b4d
Core Team
9% of tokens are locked in a vesting wallet for 5 years, unlocking proportionately every second for the next 157,784,630 seconds (June 24, 2029). This unlock schedule highlights the long-term vision and commitment of the project.
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