NOAH Tokenomics

NoahSwap uses two types of tokens (NOAH&esNOAH) and a bonus factor (veNOAH) for governance:

· NOAH (ERC-20) is a utility token of the platform, holders can obtain a series of bonus and governance rights by staking;

· esNOAH is a special ERC-20 token that needs unlocking to become NOAH;

· veNOAH is the equity coefficient of staked NOAH.

Token Distribution

The total amount of NOAH is 21,000,000, esNOAH needs unlocking to become NOAH · Liquidity mining & staking mining: 16,800,000 esNOAH (80%)

· Team & Advisor Incentives: 225,000 NOAH + 1,350,000 esNOAH (7.5%). It will be released after 12 weeks and will be unlocked in 9 times. 25,000 NOAH + 150,000 esNoah will be released every 12 weeks.

· VC investment: 225,000 NOAH + 1,350,000 esNOAH (7.5%). It will be released after 12 weeks and will be unlocked in 9 times. 25,000 NOAH + 150,000 esNoah will be released every 12 weeks.

· Marketing & airdrop activities: 1,050,000 NOAH (5%)

Decay rule

The initial release of esNOAH starts at 150,000 (about 0.71% of the total supply) and decays at a rate of 0.6% per epoch.

The number of rewards per epoch is calculated using the following formula:

The staking reward amount per epoch is calculated using the following formula:

The liquidity reward amount per epoch is calculated using the following formula:

Module functions

Staking bonus

Users can obtain rewards and rights by staking NOAH, and the staking period is from 2 weeks to 3 years. The longer the staking period is, the higher the equity will be.

Unlock esNOAH

Unlocking amount: After users stake NOAH, they can get the same amount of esNOAH unlocking quota based on their NOAH staking.

Unlocking period: The maximum unlocking period is 52 weeks, which is determined by the length of time that NOAH staked. The longer the staking time, the faster you can unlock esNOAH, and you can enjoy the shortest unlock period of 26 weeks if you stake for 3 years. The process is linear unlocking, and you can claim the unlocked NOAH at any time.

The unlock period is calculated using the following formula:

For example: Stake 100 NOAH, and the staking period is 3 years, then you can have an unlock limit of 100esNOAH, and at the same time, you can fully unlock esNOAH in 26 weeks. When the user's staking time has exceeded half, there will be an unlock limit of 100 esNOAH, and the unlock period will be reduced to 39 weeks.

The unlocking process is linear, and you can claim the unlocked NOAH at any time.

*The weekly statistical unlocking speed in the figure is only for easy understanding, the actual unlocked number is calculated linearly per second, and you can claim the unlocked NOAH at any time;

*When you change the stake amount and stake time, the unlock period will be recalculated;

*Unlocking speed = Min（unlocking quantity，Unlocking amount）/unlocking cycle.

Burn

n the esNOAH emission model, maintaining a high staking rate will reduce the circulation of esNOAH, and burning more esNOAH means less NOAH in circulation, and at the same time, higher staking rewards can be obtained.

The weekly amount burned is calculated using the following formula:

From the table you can find:

· The higher the staking ratio, the more will be burned, and a good proportion is maintained;

· The higher the staking ratio, the more staking rewards you can get from staking, and the higher the annual rate will be;

. When the stake ratio decreases, more esNOAH will be released for liquidity mining. As the number of staked NOAH decreases, the upper limit of esNOAH unlocking will become lower.

The release coefficient and the stake reward coefficient will be adjusted appropriately according to community governance.

Bonus

There are 5 types of rewards in the Noahark.Finance system: transaction fee rewards, liquidity rewards, veNOAH rewards, bribes, and staking rewards.

Transaction fee rewards:

· Liquidity providers in Swap can get a fixed 0.2% transaction fee;

· Users who staked NOAH can obtain 0.08% transaction fee from the liquidity pool by voting based on their proportion.

Liquidity rewards:

After providing liquidity for Swap, you can get liquidity rewards according to the liquidity ratio, make up for free losses and get more profits.

Liquidity rewards bonus:

Having a veNOAH equity coefficient can increase your liquidity rewards, and you can get maximum up to 2 times the reward bonus.

Incentive rewards:

Each epoch allows anyone to issue rewards to the liquidity pool, and incentive voting can affect the liquidity mining of the next week. When the next epoch opens (UTC00:00 every Thursday), voters can receive incentive rewards.

Staking rewards:

Calculated according to the staking ratio, the number of staking rewards released every week varies. The higher the staking ratio, the more esNOAH rewards that NOAH staking users can get, and more esNOAH can be destroyed at the same time, making the current circulating NOAH more valuable.

Vote

Staking NOAH can get veNOAH equity, and you can get corresponding votes according to your equity. The opening time of each epoch is every Thursday at 00:00 (UTC). Users can vote on the liquidity pool after the epoch opens, and at the same time receive the handling fee rewards and Incentives rewards of the previous epoch.