FAQ

Is NAKA an ERC-20?

Yes. Standard 18-decimal ERC-20 with no transfer hooks, no transfer fees, and no rebasing. Compatible with every wallet, DEX, custodian, and analytics platform that supports ERC-20.

Where are the contract addresses?

On the addresses page. Currently live on Sepolia; mainnet addresses will be published when the mainnet deploy ships.

Is there a team allocation?

No. Zero pre-mint, zero presale, zero advisor allocation, zero treasury reserve. 100% of NAKA tokens are minted through the public bonding curve at curve prices, and anyone can hit the same prices by trading on naka.exchange (or directly on the contract).

Is there a foundation, DAO, or governance?

No. There is no entity that can change the protocol's economic mechanics. The curve, fee, cap, and lifecycle are all hardcoded at deployment. See the governance page for the full picture.

Who runs naka.exchange?

The frontend is open source. It is hosted at naka.exchange as a convenience for users, but anyone can run their own copy. Clone, install, configure, deploy. The protocol does not depend on this frontend; the canonical interface is the contract itself.

Why does the price look exponential?

Because it is. The marginal price formula is p(eth) = (S/K) · e^(eth/S), which is a pure exponential. The price multiplier doubles roughly every S · ln 2 ≈ 69 ETH of cumulative input.

What happens at the cap?

When 99% of K is minted, the selfDeprecated flag flips and the buy path closes permanently. Sells continue to work. Token holders can still exit through the curve at the prevailing rate. The 0.30% burn-on-fee continues, so total supply keeps deflating after issuance ends.

Is NAKA on other chains?

The canonical NAKA is mainnet Ethereum (and currently Sepolia for testing). Forks on other chains are unaffiliated unless explicitly endorsed by @naka_exchange.

How do I report a bug?

Message @naka_exchange. A formal bug-bounty program will be announced there.

How do I contribute?

See the community page. The protocol is non-governed, but the ecosystem around it. Frontends, indexers, dashboards, education, translations, integrations. Is wide open.

Why is the fee burned?

To enforce the floor-only-up property: every trade reduces total supply by 30 bps of the tokens that pass through it, while the reserve is only altered by curve trades at curve prices. Combined, the reserve-backed floor (reserves / circulating supply) is monotonically non-decreasing. Sending the fee to a treasury would break this property.

Is NAKA inflationary?

No. New issuance is bounded by the curve and stops permanently at 99% of the cap. After that, supply only decreases (from sell-side burns).

Why "naka"?

A short, lowercase wordmark that fits the protocol's minimal aesthetic. The plus glyph (naka⁺) is a stylization, not a separate token or feature.