NekoToken Whitepaper - Shibarium Edition

1. Executive Summary

NekoToken (NEKO) is an ERC-20 token launched on Shibarium, a layer-2 blockchain, on March 22, 2025. With Shibarium’s 5-second block time, NEKO powers a dual-staking ecosystem where users can stake NEKO and FEED (0xe9Cb2D7ADC24Fc59FE00D6C0A0669BDF16805Fe0) to earn NEKO rewards. Capped at 1 quadrillion tokens, NEKO features a sustainable reward reduction system tailored to Shibarium’s rapid block production.

This whitepaper details the tokenomics, staking mechanics, reward structure, and the unique advantages of deploying on Shibarium.

2. Why Shibarium?

Shibarium is a layer-2 scaling solution for Ethereum, designed to offer low-cost, high-speed transactions. With a block time of just 5 seconds—compared to Ethereum’s 12 seconds—Shibarium enables faster reward distribution and transaction confirmations for NekoToken users.

Speed: 5-second blocks mean rewards are distributed 2.4x faster than on Ethereum.
Cost: Gas fees are significantly lower, making staking accessible to all users.
Scalability: Shibarium supports high transaction throughput, ideal for DeFi applications like NekoToken.

Impact: A 5-second block time accelerates NekoToken’s reward cycle, completing its decay in ~4.66 years versus ~11 years on Ethereum.

3. Token Specifications

Name: Neko

Symbol: NEKO

Decimals: 18

Max Supply: 1,000,000,000,000,000 NEKO

Blockchain: Shibarium

Built on Shibarium, NekoToken leverages low transaction fees and rapid 5-second block production to enhance user experience and reward efficiency.

4. Staking Mechanics

4.1 FEED Staking

Amount: Fixed at 10B FEED (10,000,000,000 * 10^18).
Stake: stakeFeed() - One stake per address.
Unstake: unstakeFeed() - Returns FEED and claims rewards.
Claim: claimFeedRewards() - Earn NEKO without unstaking.

4.2 NEKO Staking

Amount: Multiples of 10,000 NEKO (10,000 * 10^18).
Stake: stakeNeko(amount) - Additional staking allowed.
Unstake: unstakeNeko() - Withdraws all NEKO and claims rewards.
Claim: claimNekoRewards() - Earn NEKO without unstaking.

5. Reward Mechanics & Reduction

5.1 Reward Parameters

Parameter	FEED Staking	NEKO Staking
Initial Reward	500 NEKO/block	0.025 NEKO/block per 10K NEKO
Minimum Reward	10 NEKO/block	0.00005 NEKO/block per 10K NEKO
Max Accumulation	20,000 blocks (~27.8h)	20,000 blocks (~27.8h)

5.2 Reward Reduction Mechanism

NekoToken’s rewards decrease linearly over time, tied to Shibarium’s 5-second block production:

Decay Period: 600,000 blocks (~34.7 days).
Max Decay: 29,400,000 blocks (~4.66 years).
Base Formula: Base = 50 - (Elapsed Blocks / 600,000).
Reward Formula: Current Reward = (Initial Reward * Base) / 50.

5.3 Reduction Timeline

Blocks	Time	Base	FEED Reward	NEKO Reward (per 10K)
0	Start	50	500	0.025
600K	~34.7d	49	490	0.0245
6M	~347d	40	400	0.02
29.4M	~4.66y	1	10	0.00005

5.4 Reward Decay Visualization

FEED Reward Decay (NEKO/block)
500 |██████████
400 |████████
300 |██████
200 |████
100 |██
 10 |█
    0        1y       2y       3y       4y       4.66y
            (Time on Shibarium, 5s/block)

Example: Staking 10B FEED yields 500 NEKO/block initially, dropping to 400 after ~347 days, and stabilizing at 10 NEKO/block after ~4.66 years.

5.5 Economic Impact

Shibarium’s 5-second block time accelerates the reward decay cycle to ~4.66 years, compared to ~11 years on Ethereum. This incentivizes early participation while ensuring long-term sustainability.

6. Tokenomics

Total Supply: 1 quadrillion NEKO

Minting: Via staking rewards only

Emission: High initially, minimal after ~4.66y

7. Security

Reentrancy Guard: Prevents reentrancy attacks during staking.
Solidity ^0.8.0: Built-in overflow protection for safe math operations.
Shibarium Security: Benefits from layer-2 security and low-cost transactions.

8. Roadmap

Mar 2025: Launch on Shibarium.
Q2 2025: Establish liquidity pools and grow community.
2026: ~50% reward reduction (~15M blocks).
2029: Reward stabilization at minimum rates (~29.4M blocks).
Long-Term: Full distribution of 1 quadrillion NEKO tokens.

9. Conclusion

NekoToken leverages Shibarium’s 5-second block time to deliver a fast, cost-effective, and rewarding staking ecosystem. Join us to stake NEKO and FEED, and be part of a sustainable DeFi future!