Use of Funds & Policy
Use of Funds & Monetary Policy
Funds raised through the Pre-round and Unlocked-round will be used to develop and to support the liquidity of the $NEK token. This includes:
- 1.70% of the amount collected on IDO/IFO/IGO will be placed in the Uniswap/PancakeSwap liquidity pool. All unsold tokens for IDO/IFO/IGO will be transferred to the smart contract for deposit.
- 2.To prepare our future ecosystem, $NEK will devote significant resources for liquidity and market. General marketing and development expenses such as website development, advertising materials, outreach, community, partnership and customer development.
NEK introduces an original algorithmic monetary policy that provides users certainty about $NEK’s token supply and ties it directly to platform usage. NEK will be traded only on pairs (USDT, USDC, BUSDT and analogues of national currencies: KRW, TRY, EUR, USD, RUB) to protect against BTC volatility.
$NEK’s monetary policy is pre-funded, transparent, and is designed to smooth volatility and reduce uncertainty. The policy does not, in and of itself, determine the NEK token’s market price.