Our governance token: NOON (& sNOON)

Summary details about NOON and sNOON. Your voice in the governance of Noon.

$NOON is the governance token of the Noon protocol ecosystem. NOON can be staked, giving stakers $sNOON. sNOON holders will receive funds left undeployed after the Noon Insurance Fund (NIF) is fully capitalised.

Users of the Noon protocol will receive points until the token generation event (TGE) of the NOON token. After this TGE, users will be able to use their points to claim NOON tokens using the Noon dapp. We anticipate this TGE occurring in Q2 2025.

Getting $NOON

Unlike many governance tokens that are sold to investors, or used to pay service providers or KOLs, $NOON is only accessible to users who engage with the Noon ecosystem. The best way to accumulate $NOON is by acquiring USN or sUSN and holding it; and participating in our rewards programme to leverage the multiplier effect and boosts.

Token multipliers – The longer you stake $NOON at TGE, the more you earn. The multipliers reward those who commit for extended periods:

• 3 months: 2x multiplier

• 6 months: 3x multiplier

• 9 months: 4x multiplier

• 12 months: 5x multiplier

Projected distribution schedule – A majority (65-80%) of the total $NOON supply is allocated to the community, ensuring that governance remains in the hands of engaged users.

Staking $NOON: Utility & Governance

Staking is at the core of $NOON’s utility - this is to ensure that any benefits that accrue to holders primarily benefit our long-term users.. Only staked $NOON (sNOON) holders can participate in governance and benefit from key features of the ecosystem:

1. Governance rights – Only sNOON holders can vote on key protocol decisions, ensuring that active participants shape Noon’s future. This could range from adding new deployment strategies to potential re-allocations of Noon’s raw returns.

2. Buyback mechanism – Any excess funds from the Noon Insurance Fund will be used to buy back $NOON, creating sustained demand.

3. Returns flow – Noon’s Insurance Fund collects capital from raw returns (10%) and excess operating funds. After 3 months, unused funds are distributed to sNOON holders - giving back real value, regularly, to our most loyal, long-term users.

Sustainability: A Long-Term Vision

Our vision for Noon is a long-term one- that’s why our team tokens are all vesting over an industry-lead. And you’ve seen us use the word “long term” repeatedly above. The structure of $NOON is designed for longevity, with mechanisms that ensure a balanced ecosystem and long-term value creation:

• Extended distribution schedule – With 65-80% of $NOON being distributed to our users, we knew we could not do this overnight. This large user allocation allows us to spread out our $NOON distribution schedule over 5+ years, and still ensure our users are well rewarded for years to come

• Perpetual buy-back incentives – A portion of ecosystem returns are used to buy-back $NOON, ensuring there’s sustained buy-side pressure for $NOON in the long term.

• Stake-driven utility – Encourages holding rather than short-term trading, helping to maintain a stable and engaged community.