The NEKO token is a farming token that does not have a fixed cap. The generation of NEKO is subject to the claiming activities by the users on the core protocol.
The NEKO token balance that the users can claim is pre-minted in the farming contract periodically. For instance, because the emission rate is 72,000 NEKO per day before the first rate cutdown, every week the team must mint 504,000 NEKO to make sure the balance in the smart contract is sufficient for claiming.
The mint operation is protected by a series of timelock methods and a multi-sig mechanism.
Every mint operation takes 48 hours to be effective.
The maximum amount of each mint is 504,000 NEKO.
Every mint operation has a 72 hours cooldown period minimally.
Changing the owner requires 24 hours to be effective.
Currently to permit any operation requires 2/3 signature from the designative accounts.
After ISO, at least one community leader will be nominated as the owner of one designative account.