The NEKO token is the core utility and governance token of the Neko DeFAI Swarm, designed as a functional permission layer deeply integrated into the ecosystem. It governs access, incentivizes participation, and aligns the success of the platform with its token holders. NEKO aims to be more than a speculative asset; it’s the key to unlocking the full potential of Neko’s AI-driven capabilities on Hyperliquid.

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Token Details & Distribution

NEKO was launched fairly with no private presale or insider allocation prior to its public debut.

  • Total Supply: 120,000,000 NEKO
  • Contract Address: 0x7079…9bf984 (Link to Hypurrscan)
  • Distribution:
    • Airdrop (33%): Broadly distributed to active Hyperliquid ecosystem participants and communities (e.g., Hypio, pvp.trade users, HypurrCo Stakers, etc.).
    • Team (10%): Subject to a 2-month post-launch cliff, then fully unlocked.
    • Treasury (22.7%): Allocated for strategic growth, including bootstrapping agent wallets (2-4%), market making support, partnerships, KOL engagement, and future initiatives governed by the DAO.
    • Liquidity (14.43%): Provided via Hyperliquid’s HIP-2 mechanism on the L1 orderbook.
    • Burned (6.92%): Permanently removed from circulation at launch.

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Supply Dynamics

  • Fixed Supply: No ongoing token inflation. The total supply is capped at 120 million NEKO.
  • Liquidity: Primary liquidity resides on the Hyperliquid L1 orderbook via HIP-2. Future DEX liquidity on HyperEVM will be established as the AMM landscape matures.
  • Deflationary Mechanisms: Revenue generated by Neko is used for buybacks, with a portion potentially burned, creating deflationary pressure tied to platform usage (see Utility below).

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Core Utility & Value Accrual

NEKO’s utility is designed to drive engagement and integrate holders into the Neko ecosystem’s operation and success.

  1. Neko Staking (Unlocking Premium Access & Benefits):
    • Core Function: Staking NEKO (amount TBD) grants access to enhanced features and benefits within the Neko platform.
    • Benefits:
      • Fee Reductions/Free Swaps: Potential discounts or zero fees on Neko’s trading functionalities.
      • Priority Execution: Gain preferential treatment for transactions via integration with the planned Neko Validator and MEV partners (see Future Vision).
      • Enhanced Privacy: Potential access to advanced settings or priority within privacy-preserving features (e.g., Silhouette integration).
      • Exclusive AI Access: Potential future access to premium AI agents, advanced strategy modules within Earn vaults, or higher tiers of AI-driven analytics.
  2. Revenue Capture & Value Distribution (Buyback & Burn):
    • Mechanism: Approximately 80% of the revenue generated across Neko’s product suite (Trade fees, Earn performance fees, potential Launch fees, etc.) is allocated to buying back NEKO from the open market.
    • Value Accrual: A portion of these bought-back tokens may be burned, permanently reducing supply. The remainder may return to the treasury for strategic deployment, as decided by future governance. This directly links Neko’s operational success to token value through demand generation and potential deflation. Dynamic burn rates tied to platform activity may be implemented.
  3. Referral System Integration:
    • Function: NEKO tokens are required (burned or locked) to mint unique referral codes for Neko products or sub-agents
      • Higher NEKO burn rates are designed to increase the fee share percentage earned by referral code minters across all Neko products (More details on this mechanic coming soon)
    • Incentive: Drives user acquisition and rewards community members for growing the Neko user base, creating organic demand for the token.
  4. Governance (Future DAO):
    • Vision: NEKO holders will eventually form the Neko DAO, empowering the community to govern key aspects of the protocol.
    • Scope: Potential governance control over treasury allocation, revenue deployment strategies (buyback/burn parameters), strategic roadmap decisions, and potentially adjustments to staking rewards or utility features.

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Future Vision: Neko Validator & Ecosystem Alignment

  • Goal: To deepen Neko’s integration with the core Hyperliquid infrastructure and provide tangible benefits back to NEKO stakers.
  • Plan: As protocol revenue grows, the Neko Treasury aims to acquire sufficient HYPE tokens to operate its own Hyperliquid validator node.
  • MEV Integration: This Neko Validator will collaborate with leading MEV ecosystem providers (e.g., stHype, Kinetiq, HyperFlash) to leverage specialized block-building capabilities.
  • Benefit for Stakers: This partnership aims to provide priority block inclusion and execution for transactions initiated by NEKO stakers or through specific Neko features, enhancing trading performance and potentially mitigating front-running.