Overview
NAKA is an ERC-20 token on Ethereum whose entire supply is minted through a single immutable bonding curve. There is no team allocation, no presale, no admin keys, no upgrade path, and no pause switch. Every token in circulation passed through the same (S/K) · e^(eth/S) pricing formula that any future buyer pays.
What Makes NAKA Different
- One issuance path. No private rounds, no airdrops, no advisor unlocks. The bonding curve is the only way new NAKA enters circulation.
- Burn-on-fee. The 0.30% trading fee is sent to
0xdEaD. Supply only decreases over time; the floor only goes up. - Self-deprecation. Once 99% of the cap (
K = 21,000,000) is minted, minting permanently halts. The market continues; new issuance does not. - No operator. The protocol cannot be paused, upgraded, drained, or otherwise touched by anyone. Including the original deployer.
- Verifiable on-chain. Every parameter, every fee, every state change is readable from the contract. The frontend at
naka.exchangeis convenience; the contract is canonical.
Community
NAKA is designed to be operated by its participants. There is no foundation, no DAO with veto power over the curve, and no off-chain governance over economic mechanics. But there is a community building tools, content, and documentation around the protocol. Contributions are encouraged: indexers, dashboards, integrations, translations, audits, art, education.
Find people working on naka:
- Website: naka.exchange
- X: @naka_exchange
What This Documentation Covers
- Protocol mechanics. The bonding curve, fees, lifecycle, self-deprecation
- Smart contracts. Addresses, parameters, security posture, upgradeability
- Trading. Buy and sell flow, pricing examples, risks
- Developers. Event reference, integration guide, indexer architecture
- Community. FAQ, glossary, disclosures, ways to participate