Join or run a neda

01Get into a neda

You need an invite or a paid request, the owner’s approval and a free seat. You do not need an NFT. A seat is one member’s place in a neda; each neda has a set number of them.

• Invite-only neda: the owner invites you, and joining is free.
• Paid neda: request a seat. Requesting and approval cost nothing; the owner’s price in $NEDA is charged only when you accept and your membership starts. Entry payments are not refundable.

You can be in up to 10 nedas at a time, including any you own. You can leave whenever you want, and the owner can remove you. If the owner lets you back in, you do not pay entry again.

02What your neda sees

Every neda you are in sees every buy, sell and position, automatically. There is no off switch: you cannot share the buy and hide the sell. Your group also sees the posts and calls you write to it.

Outside your nedas, strangers see a trade, not you. Read how privacy works.

03Trade without a neda

You don’t need one. Trade, post publicly and share public calls on your own. Joining a neda adds a private feed of your group’s trades and conversation.

04What owners earn

Run a neda to get paid for the crew you bring together:

• 70% of every paid entry. The other 30% goes out of circulation for good.
• 30% of the trading fee your members pay. When a member is in several nedas, their owners split this share evenly.

Earnings are paid weekly in $NEDA. Holding a zk9 alone earns nothing. See every rate in System parameters.

05What owners control

You choose who gets in. Make the neda invite-only or set a $NEDA entry price, approve requests, send invites and remove members. You cannot move or spend members’ funds. An invite does not waive a paid neda’s price.

Starting a neda takes one zk9, the Neda NFT, and you take one of its seats.

06How many people fit

Each zk9 you attach adds 25 seats, up to 250 from 10 zk9 NFTs. One gives you room for yourself and 24 members. Another holder can add a zk9 with your approval without becoming an owner. Members and approved requests each take a seat.

If you run out of seats, for example by detaching or transferring a zk9, sharing pauses:

• New members cannot join, and new trades stop appearing in the feed.
• Members keep their funds and the group’s history.
• If the neda is still paused at the weekly cutoff, you get no trading-fee share for that week.

Attach enough zk9 NFTs and sharing resumes.

07Get a zk9

The first 1,000 zk9 NFTs sell in the genesis mint. After that, one new zk9 is auctioned each day for $NEDA. See zk9 & $NEDA for how to get one, and System parameters for prices and limits.