The token

REBELS is how the return gets paid for. It is the engine, not the point — the collection is the point. Trading it funds the buying, and holding it is how the Rebels reach you.

The token

$REBELS

Not launched

There is no REBELS contract yet. When it launches, the mint address will appear here and be announced from the project's own accounts at the same time. Any token calling itself REBELS before then is not ours — and after launch, check the address here against the announcement before you buy anything.

The terms below are settled and will not change at launch. They are published now so they can be read before there is anything to buy.

Total supply
1,000,000,000
Fixed. No mint authority after launch.
Team allocation
None
No insider allocation and no vesting. Zero tokens held by Night Labs.
Creator fees
65% acquisition / 35% holders
Every claimed fee splits between buying Rebels back and paying holders who lock. Gas and bridging are funded separately by the Council.
Trading fee
2%
Opens at 5% to deter snipers and decays to 2% over the first hour.
Acquired Rebels
60 / 25 / 15
Of every Rebel reclaimed: 60% distributed to stakers, 25% burned, 15% held in the vault. The split is fixed in code, not in copy.
Liquidity
Permanently locked
All migrated LP is locked forever and cannot be withdrawn. Locked positions still earn fees for the treasury.
Metadata
Immutable
Name, symbol and image cannot be changed after launch.

How the return is funded

Bonding curve. REBELS launches on Meteora's Dynamic Bonding Curve with a 85 SOL migration threshold. Fees accrue in SOL, not in REBELS — the treasury never has to sell the token it exists to support.
Graduation. At the threshold the curve migrates to a DAMM v2 pool. All migrated liquidity is permanently locked and can never be withdrawn, but locked positions keep earning fees.
Fees to treasury. 65% of creator fees go to acquisition and 35% is paid to holders who locked REBELS, in SOL. No team allocation, no vesting, immutable metadata.
Bridge and buy. Night Labs claims fees, bridges SOL to ETH, and buys Rebels under a standing price ceiling. Every ETH spend is a multi-signature transaction.
Back to the holders. Reclaimed Rebels are split 60/25/15 — to stakers, burned, vaulted. The treasury is a conduit, not a destination.

The loop

Two supplies tighten at once. Every Rebel bought is one fewer on the open market, and 25% of those are destroyed outright. Meanwhile locking REBELS pays 35% of every fee in SOL and puts you in the draw for 60% of the Rebels, which takes coin supply off the market too.

Trading generates fees. Fees accrue in SOL whether the price goes up or down. Volume is the input, not appreciation.
Fees buy Rebels. The treasury is the only buyer that never sells, in a market with single-digit monthly volume.
Lockers are paid twice. 35% of every fee is paid to locked positions in SOL, in proportion to how much each locked. Separately, 60% of the Rebels bought are raffled among the same positions — a Rebel cannot be split, so a draw is the only way a small holder ever gets one.
Locking removes coin supply. Locked REBELS cannot be sold while it is locked, which is the point — the reward for waiting is paid in the thing the treasury is accumulating.

The loop is real but it is not free money. It only turns while there is trading volume, and it stops when there is none. Nothing here creates value on its own; it moves fees from traders to holders and to the collection.

Staking is not live

You cannot lock yet — the contract is not deployed, no fee share has been paid and no draw has been held. The terms above are what will run when it ships: a minimum 30-day lock, 35% of fees paid pro-rata, and a monthly drand-seeded raffle for the Rebels. Terms that are not deployed are a plan, not a promise. Do not buy REBELS expecting either payout today.

Locking is custodial: locked REBELS sits in a Council multi-signature wallet, not in a program. Locking is trusting the Council to give it back at maturity — no on-chain mechanism forces that return. Full detail, including the escrow addresses and where that check runs out, is on /rewards.

Why the fee is 2%

Trading starts at a higher fee that decays over the first hour to deter snipers, then settles at 2%. That is high for a general-purpose token. It is set there because the fee has a stated, verifiable destination: it buys the collection. If that stops being true, the fee is not justified.

Where this runs out

Fee income depends on trading volume, and volume decays. Acquisition capacity is front-loaded: the weeks around launch will likely produce most of the lifetime fee take. This is not a perpetual buyback and nothing here should be read as one.

Success also slows the mechanism. Visible reclamation raises the floor, which makes each remaining Rebel more expensive to buy — the programme gets harder exactly when it is working.

The plausible failure case is specific: the curve graduates, volume dies within a month, the treasury holds a few dozen Rebels and a small SOL balance, and the bar stops moving. A slow bar is the expected shape, not evidence of something going wrong.

Listings are also scarce — the collection has traded in single-digit volumes for months. The treasury will often hold unspent funds rather than overpay, and that balance is published rather than hidden.

This is not investment advice

REBELS is a funding mechanism for an art project. It is not an investment and it may lose all of its value. It gives you no ownership of the vault, no governance right and no entitlement to any specific Rebel.

What it is meant to do is get you a Rebel: locking REBELS is the intended route to receiving one, and a Rebel is a thing of real value delivered through the efforts of a team. In some jurisdictions that description matters legally. The Council took this decision knowing it, and says so here rather than leaving it implied.

How the return is funded

Bonding curve. REBELS launches on Meteora's Dynamic Bonding Curve with a 85 SOL migration threshold. Fees accrue in SOL, not in REBELS — the treasury never has to sell the token it exists to support.

Graduation. At the threshold the curve migrates to a DAMM v2 pool. All migrated liquidity is permanently locked and can never be withdrawn, but locked positions keep earning fees.

Fees to treasury. 65% of creator fees go to acquisition and 35% is paid to holders who locked REBELS, in SOL. No team allocation, no vesting, immutable metadata.

Bridge and buy. Night Labs claims fees, bridges SOL to ETH, and buys Rebels under a standing price ceiling. Every ETH spend is a multi-signature transaction.

Back to the holders. Reclaimed Rebels are split 60/25/15 — to stakers, burned, vaulted. The treasury is a conduit, not a destination.

The loop

Trading generates fees. Fees accrue in SOL whether the price goes up or down. Volume is the input, not appreciation.

Fees buy Rebels. The treasury is the only buyer that never sells, in a market with single-digit monthly volume.

Lockers are paid twice. 35% of every fee is paid to locked positions in SOL, in proportion to how much each locked. Separately, 60% of the Rebels bought are raffled among the same positions — a Rebel cannot be split, so a draw is the only way a small holder ever gets one.

Locking removes coin supply. Locked REBELS cannot be sold while it is locked, which is the point — the reward for waiting is paid in the thing the treasury is accumulating.

Staking is not live

Where this runs out

Success also slows the mechanism. Visible reclamation raises the floor, which makes each remaining Rebel more expensive to buy — the programme gets harder exactly when it is working.

This is not investment advice