An Ethereum Virtual Machine on Solana
Content on this page was provided by the Neon Protocol team
Neon EVM provides a low-friction solution to enable Ethereum dApps to function within Solana, eliminating the gap between two leading blockchains. Neon EVM positions Ethereum developers to enjoy the best of Solana’s network, from low fees to high transaction speeds, and parallel transaction execution capabilities.
While Solana has been one of the fastest, organically-growing chains, its incompatibility with EVM has left several hundred million in TVL, millions of users, and an entirely new ecosystem untouched by EVM Multichain dApp developers - until now. Neon EVM’s pioneering solution is the anticipated innovation in the Solana ecosystem and makes Solana a viable option for multichain builders. Neon EVM brings together the best of both chains while keeping user security and safety paramount.
Learn more about Neon EVM from our documentation.
| Sale Date | June 8, 2023 at 17:00 UTC |
| Price & Lockup Terms |
$0.10 per token 100% unlock on or around July 17, 2023 |
| Fully Diluted Network Value | $100,000,000 |
| Token Allocation for Sale | 50,000,000 NEON tokens (SPL) |
| % of Total Supply | 5% |
| Minimum & Maximum Purchase |
Minimum Purchase: $100 Maximum Purchase: $500 |
| Additional Allocation Requests* |
Minimum Request: $100 Maximum Request: $1,000 |
| Funding Methods | USDC, USDT |
| Sale FAQ | Neon Sale FAQ |
| Eligible Participants | Excluded participants include residents of the US, Canada, China, Republic of Korea, and certain jurisdictions |
*Only applicable for sale participants who purchase the maximum amount of NEON tokens ($500)
Neon Token is an SPL token with a fixed supply of 1,000,000,000 tokens.
The NEON token serves two main purposes:
Utility Token
The NEON token primarily functions as a payment token for transactions in the Neon EVM (i.e., when an Ethereum dApp transacts on the Solana network). In other words, the NEON token is used to settle the gas fee and cover the cost of transaction execution.
At a high level, gas fee payments in the Neon EVM work as follows:
More information on gas fees can be found in the documentation.
Governance
The secondary purpose of the NEON token is to manage the governance of the Neon DAO. NEON token holders may participate in votes held by the Neon DAO. The Neon DAO guides the Neon Foundation around the actions, development, and direction of the Neon EVM and around matters relating to the NEON token. To engage in the process, voters send their NEON tokens to the Neon DAO smart contract — locking the tokens during the voting period.
More information on the governance process can be found in the documentation.
NEON will have a total supply of 1,000,000,000 tokens with the following distribution:
Release Schedule
| Segment | % of Total Supply | Release Schedule |
| Early Purchasers | 16.12% | 1 year lock-up followed by 1 year linear vesting |
| Key Partners & Advisors | 7.02% | Release schedule based on individual agreements; minimum 1 year lock-up and 1 year linear vesting |
| Ecosystem Development | 31.93% | Minimum 1 year lock-up followed by 1 year linear vesting |
| Founders | 15.00% | 1-year lock-up followed by 1 year linear vesting |
| Early Contributors | 1.00% | Minimum 1 year lock-up followed by 1 year linear vesting |
| Public Sale | 5.00% | 100% unlock on or around July 17, 2023 |
| Ecosystem Growth (Treasury) | 23.93% | To be determined through governance on a case by case basis |
Neon EVM is a one-of-a-kind solution on Solana. The Neon EVM solution combines the two technically complex and different worlds of Ethereum and Solana: enabling Ethereum developers and users to easily access the throughput and low gas fees of the Solana ecosystem.
Ethereum-based dApps can integrate with familiar tools such as MetaMask wallets, Gnosis Safe multisigs, and the WalletConnect protocol to transact within the Solana ecosystem, and a growing and rich Neon EVM ecosystem further provides a synergistic development environment.
Neon EVM leverages a robust architectural design whose key components include:
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