Launch Mechanics

navToken Generation Events

Every navTokens starts with no insider allocations, presales, or airdrops. The only way to mint navTokens is by depositing the underlying asset.

At TGE, a navToken’s market price is set at approximately one dollar’s worth of its underlying asset, with the floor price (NAV) equal to the market price.

Note

Example: If SOL is trading at $100, navSOL launches with both a market price and floor price of 0.01 SOL.

The floor is the minimum conversion rate: it can rise over time but never fall. Since a navToken can never drop below its floor, it can never be worth less than its launch price, in terms of its underlying asset.

Anti-Sniper Mint Fee

Samsara enforces a temporary mint fee boost to prevent sniping. The mint fee starts at 99% and decays exponentially to baseline across a two-hour launch window.

Note

Note: The anti-sniper mint fee is additional to the standard mint fee, which starts at 1% and is governable after TGE.

The anti-sniper mint fee drops to:

• ~22% after 30 minutes
• ~8% after 60 minutes
• ~1% after 90 minutes
• 0% after 120 minutes, after which the market will continue trading with standard protocol fees.

Note

Example:

Current market price = 0.01 SOL

Current anti-sniper mint fee = 50% (~10 minutes after TGE)

Your deposit = 100 SOL

What you’d receive = 4900 navSOL (excludes price impact)

Price Curve Sensitivity

Samsara uses a bonding curve to determine a navToken’s price based on supply. As tokens are minted, the price rises; as tokens are redeemed, the price falls. This creates deterministic price impact.

On the main curve, for every 15,000 tokens minted, the market price increases by the starting price. The same holds in reverse—redeeming 15,000 tokens decreases the market price by the starting price.

Note

Example: If navSOL has a starting price of 0.01 SOL, minting 15,000 tokens raises the price from 0.01 to 0.02 SOL. Minting another 15,000 raises it to 0.03 SOL, and so on. Redeeming reverses this trajectory.

In simple terms, a navToken’s price will double from its launch price with ~$22,500 of net inflows.

The main curve is one of several pricing regions in Samsara’s model. For a complete explanation, see the Assured Value Machine.