Disclosures

Not Financial Advice

This documentation describes how the NAKA protocol works at a technical level. Nothing on this site, in this documentation, on naka.exchange, or from @naka_exchange is investment advice, a solicitation, or an endorsement to buy, sell, or hold NAKA or any other crypto asset. Crypto assets are volatile and may lose all value.

Verify Before Trusting

NAKA's protocol is canonical only at the contract level. Any frontend, including the official naka.exchange, is convenience. It can be wrong, malicious, or out of date. Before signing any transaction:

• Check that the contract address you are interacting with matches the addresses page.
• Confirm Etherscan source verification on the contract.
• Confirm the wallet's transaction simulation matches your intent.

No Operator Liability

NAKA has no operator. The protocol cannot be paused, halted, refunded, or made whole by anyone. Funds sent to the contract follow the rules of the bonding curve. There is no help desk for transactions that did not behave as the user expected.

No Treasury, No Allocation

There is no team allocation, presale, advisor allocation, foundation grant, marketing budget, or treasury at the protocol level. 100% of NAKA tokens were minted through the bonding curve at curve prices. The 0.30% fee is burned to 0xdEaD, not held by anyone.

Fork Risk

The contracts are immutable, but they are also open-source. Anyone can deploy a fork. Same code, different parameters or different addresses. And call it whatever they want. The canonical NAKA is the deployment listed on the addresses page, tied to the domain naka.exchange and the X account @naka_exchange. Other deployments claiming to be NAKA are unaffiliated.

Smart-Contract Risk

The bytecode has been written carefully and will be independently audited before mainnet deploy. However:

• No audit guarantees absence of bugs.
• The contracts are non-upgradeable; a bug discovered post-deploy cannot be patched in place.
• Sepolia is a live testbed. The public test phase is meant to surface any issues before mainnet.

Regulatory

NAKA does not represent equity, debt, profit-sharing rights, or any claim on cash flows. Holders of NAKA receive nothing other than the on-chain tokens themselves, which can be transferred or sold according to the protocol rules. Local regulations may classify the token differently in different jurisdictions; users are responsible for their own compliance.

MEV

Public-mempool transactions are exposed to reordering and value extraction by external actors. Built-in mitigations (slippage, anti-flip cooldown, per-buy cap) reduce but do not eliminate this exposure. See the risks page for details.

Tax

Tax treatment of crypto-asset trades varies by jurisdiction. Users are responsible for understanding and complying with their own tax obligations.