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Is there a team or insider token allocation?
Is there a team or insider token allocation?
No. Nirvana has no team or insider allocations. Every AVA in existence (including ANA) was minted through the protocol in a fair exchange. Any pre-mint or insider distribution would compromise solvency, so it’s disallowed by design. Likewise, there is no insider NIRV or prANA allocations. The team is funded by a portion of fees, which is programmed to shrink as each market grows.
How are AVA floor prices impenetrable?
How are AVA floor prices impenetrable?
The Assured Value Machine (AVM) owns the liquidity and sets a deterministic price function. It always maintains a standing bid (the floor) high enough to buy back 100% of each AVA at that price using on-chain reserves. Because the reserves and pricing are protocol-controlled, the floor is enforceable at all times.
Does the floor ever go down?
Does the floor ever go down?
No. Once the floor ratchets up, it never lowers. It either stays level or rises, permanently locking in gains for the AVA.
What happens if the price trades back to the floor?
What happens if the price trades back to the floor?
The AVM will continue buying the AVA at the floor price— its bid is large enough to fulfill the sale of every token in supply. The very next buy after reaching the floor has a positive price impact, so downside is capped while upside resumes immediately with demand— an asymmetric setup that discourages panic selling. Also, selling into the floor is actually healthy for the protocol. As the sold AVAs are burned, less capital is required to raise the floor, so the trigger price decreases while the floor price remains impenetrable.
Why is there a cooldown on floor raises?
Why is there a cooldown on floor raises?
The floor can rise at most once every 5 minutes. This throttle prevents sudden, cascading ratchets, giving the market time to react to each step up.
Can the protocol run out of exit liquidity?
Can the protocol run out of exit liquidity?
By design, no. The AVM’s pricing function is entangled with the solvency invariant. The area under the price curve always equals the total reserves, ensuring it can buy back 100% of the AVA supply for at least at the floor. When an AVA is sold, it’s burned, which reduces future obligations one-for-one.
Who controls fees and parameters?
Who controls fees and parameters?
prANA holders. Governance runs on an incremental cadence, adjusting parameters (fees, emissions, etc.) via on-chain votes so markets stay resilient over time.