.@nami_fi $ogNAMI presale is now live & here are the key details + important distinctions you'll need to know: $NAMI ≠ $ogNAMI $NAMI is the protocol's emissions + governance asset → lock it for veNAMI to direct incentives + participate in the d(3,3) economy. $ogNAMI is instead a fixed-supply token designed to capture value from Nami's revenue stream. With the presale now live, here's how it works: 🔸 Price: 10 USDC per ogNAMI 🔸 Max supply: 250k ogNAMI → $2.5M FDV at the presale price 🔸 Presale allocation: 200k ogNAMI → $2M fundraising target When staked as sogNAMI, holders receive a share of 10% of swap fees generated by Nami's permissioned pools across supported chains, converted into USDC + distributed each epoch. Nami’s Recursive Buyback Engine (RBE) also uses 5% of net protocol revenue to buy back + burn ogNAMI. So ogNAMI essentially sits on the value-capture side of Nami's economy → USDC fee distributions to stakers + protocol-funded supply reduction. There is a commitment trade-off though. Presale ogNAMI is automatically staked and cannot be unstaked throughout the 21-day Genesis Phase, after which the principal unlocks linearly across 12 weekly epochs. USDC fee distributions accrue from the start of protocol trading activity and remain claimable without affecting the staking bonus. Bonus: If you choose to remain fully staked beyond the principal unlock, you can earn up to an additional 10% ogNAMI. On top of all these, presale participants also receive exposure to the eventual $NAMI launch: 🔹 45,000 NAMI guaranteed base pool → equivalent to 0.225 NAMI/ogNAMI if the entire 200k presale allocation sells. 🔹 Additional 15,000 NAMI reserved for 15 random winners For the base allocation: a.) 60% immediately claimable as veNAMI b.) 40% distributed as NAMI after a 2-epoch cliff + 90-day linear unlock Alternatively, that remaining allocation can be converted into veNAMI for immediate claiming. So the presale essentially provides exposure to both sides of Nami's economy: 🔸 ogNAMI → fee capture + buybacks 🔸 NAMI/veNAMI → emissions, voting + liquidity coordination The trade-off is time commitment through the staking + vesting structure, while the actual USDC yield ultimately depends on Nami generating sustained trading activity. Hope these helps in understanding the tokenomic separation between coordinating the economy (NAMI) and capturing value from it (ogNAMI). NFA. DYOR.