> For the complete documentation index, see [llms.txt](https://docs.neptun.fun/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neptun.fun/tokenomics/editor.md).

# The NEP Token

NEP is the platform token of Neptun.fun. It captures value from every launch that ships on the platform, gives holders governance over how the protocol evolves, and rewards stakers from real fee revenue.  Four ways NEP captures value from every launch that ships on Neptun.fun.

**NEP Buyback.** 20% of platform fees are routed to the treasury and used to buy NEP from the open market on a fixed schedule. Executed on-chain via smart contract. Transparent and verifiable. As platform revenue grows, the buyback grows with it. Reflexive price defense by mechanism.

**Staker Rewards.** 10% of platform fees flow to NEP holders who stake. Paid in SOL. Compensation for governance participation and supply lockup, not passive yield. The distribution schedule is governance-set.

**Governance.** NEP holders vote on platform fees, treasury deployment, launch parameters, and mechanism upgrades. Holders are the ones who decide how the protocol evolves.

**Incentive Program.** NEP token will be used to align LPs, KOLs, creators, and ecosystem partners with platform growth. Earned, not airdropped. 6-month cliff, 18-month linear vesting.

**Governance sets the fee split.** The community can vote to raise the share of platform fees flowing to the NEP economy as revenue scales. Sustainable now, more aggressive when the math supports it.

**Platform success becomes NEP value. By design.**