What Is $NET? A 5% Tax That Zeroes the Team Out in 30 Days

Short version: $NET is one of the few taxed tokens on this chain that documents exactly what the tax is, where it goes, and when it stops — including a clause most projects would never write: after 30 days the team's share is zero. Data timestamp: 2026-09-16 00:08 UTC.

The numbers

The tax: 5%, and it moves

NetNet's documentation (docs.netnet.capital) is blunt about it: a 5% fee-on-transfer is charged on trades through mapped AMM pairs, on both buys and sells. Wallet-to-wallet transfers and protocol operations are exempt.

The interesting part is the split. That 5% moves between "management" and "treasury" as pTEAM vests over 30 days:

The formula: management receives 400 basis points × (1 − vesting fraction), treasury takes the remainder, total always 500 bps. The management share goes to a team multisig; the treasury share is deposited to Morpho per treasury policy. Fees accrue in NET inside a TaxCollector and then convert permissionlessly to USDG on the canonical Uniswap v2 pool, with slippage capped at 100 basis points.

At 507 hours of age (about 21.1 days), if vesting started at launch, the schedule would now sit around day 21 — management a little above 1%, treasury near 4%. That inference assumes vesting began at launch; the docs give no absolute date, so treat it as an estimate rather than a fact.

The dividend: every 8 hours, and it switches off below NAV

Holders stake NET into sNET, a rebasing token that grows every 8-hour epoch — three distributions a day. The issuance formula is fixed in the docs:

Rate = R_MAX × clamp((P − 1) / (K − 1), 0, 1), where R_MAX = 0.45% per epoch, K = 1.75, and P = market price ÷ NAV (backing per token).

The clamp is the part to internalise: at or below NAV (P ≤ 1.0), the dividend is zero. At a premium of 1.75x or more it pays the full 0.45% per epoch; in between it scales linearly. There is also a hard invariant: "every NET is at all times backed by at least 1 USDG of risk-free value," and minting cannot exceed treasury RFV.

Price comes from a Uniswap v2 NET/USDG TWAP requiring at least 30 minutes between checkpoints, with reads accepted only between 30 minutes and 4 hours. Outside that window, every dependent operation reverts — minting and market operations pause. That is a fail-closed design, which is more conservative than the usual default-to-continue.

The docs also reference Real World Bonds, a WinNET prize draw and a pooled-distribution desk called THE BUTTON, with bonds priced at max(TWAP × (1 − discount), NAV) so they never sell below NAV. I did not verify those sub-modules page by page this round, so I will not expand on them.

Why it pumped, and can it continue

Why. +19.15% on 6h and +47.99% on 24h, with 1,792 buys against 1,211 sells and 628 distinct buyers against 592 sellers. $3,170,389 of volume against $1,733,116 token-wide liquidity is roughly 1.8x turnover — not a 77x casino.

Supporting. The mechanics are hard-coded: the docs state there are "no owner functions anywhere on the emissions path," and epoch length, R_MAX, K, the oracle pair and the pricing formulas are all immutable. Market cap is 4.2x liquidity, second lowest on today's board. And after day 30 the team takes nothing.

Risks. First, a 5% tax in both directions means a round trip starts 10% down — short-term trading is effectively closed. Second, the dividend depends on premium: below NAV it stops, which creates the same "falling price → less staking → falling price" loop that has killed OHM-style designs before. Third, the docs navigation gave no contract address, so I could not match site to chain; the address above comes from the onchain data package. Fourth, at $926.91 per token, watch precision and slippage on small orders.

For clarity: BigPump's tax is not the same thing

Since we are on the subject, here is our own spec, stated plainly. Tokens launched on BigPump carry a creator tax of 1% / 3% / 5% / 10%, split four ways (treasury / burn / dividends / liquidity, summing to 100%), and that tax only applies to DEX trades after graduation; during the bonding curve there is only a 1% pool fee (95% platform / 5% creator). Dividends are paid in ETH, pro rata by holdings, above a minimum-holding threshold; pair, router, burn and protocol contracts are excluded. Full mechanics at book.bigpump.ai.

The difference: NET's tax goes into a treasury that then allocates capital, and holders are paid through rebasing. BigPump's tax pays ETH straight to holders — no staking, no NAV to track. Which is better depends on what you want: a fund, or a cash flow. Side-by-side comparison in three kinds of token tax.

FAQ

How much tax do I pay buying $NET?

The docs specify 5% on trades through mapped AMM pairs, on both buys and sells; wallet-to-wallet transfers are exempt. Under the 30-day schedule the portion going to the team decays to zero and all of it goes to the treasury.

When do sNET dividends stop?

When market price ÷ NAV (P in the formula) is at or below 1.0, the clamp makes the issuance rate zero — no new minting and no dividend.

$NET is $926 per token — can I still buy it?

Yes, tokens are divisible. But note the 5% transfer tax and the $1,059,390 main-pool depth: frequent small round trips are expensive.

Where do I watch $NET live?

Charts, trades and holders on the $NET page; the full board is in today's hot tokens report.

BigPump is an independent project and has no affiliation, endorsement or sponsorship relationship with Robinhood Markets, Inc. Nothing here is investment advice. Memecoins can go to zero.

Disclaimer: memecoins are extremely volatile and most go to zero. This article is not financial advice. Do your own research and only spend what you can afford to lose.