NSWAP · the nearswaps token
nearswaps whitepaper
nearswaps wants to be the one trading hub for everything on NEAR: tokens, launches, NFTs, money from other chains, auto orders and agent trades behind one door, with one wallet connection, one fee, one points balance and one token. NSWAP is that token: 0.25% trading for stakers, 50% of every site fee to the staking pool, and burn tiers up to a lifetime fee share.
Version 1.0, last changed
Version 1.0, 30 October 2026.
NSWAP is the nearswaps token. Two things are set on launch day and announced on X (@nearswaps) before it: the transfer tax rate and the launch time. Everything else here is how nearswaps intends to run. Changes are announced on the site before they take effect.
1. Summary
nearswaps wants to be the one trading hub for everything on NEAR. Tokens, new launches, NFTs, money arriving from other chains, orders that fire while you sleep, trades placed by your own AI agent: one site, one wallet connection, one fee, one points balance, one token.
Today that hub already has most of its rooms. One quote across every Rhea and Intear pool. A Terminal with charts, stops, limits and 1-click trading. A bridge through NEAR Intents that brings BTC, ETH, SOL, ZEC, USDC and USDT in from their own chains. An NFT Marketplace that shows and buys listings from several NEAR markets at once. A Pulse of every launchpad. Every trade is signed in the user's own NEAR wallet. The app is already trading live, weeks ahead of launch, and opens as nearswaps.com on 19 November 2026.
The hub earns a fee on what it does: 0.5% on swaps, Terminal trades, 1-click trades, auto order fills and cross-chain transfers, and a market fee on NFT sales. NSWAP is the hub's token: it turns every one of those fees into a reason to hold, stake and trade here rather than anywhere else on NEAR.
In numbers:
| Token | NSWAP, the nearswaps token |
| Total supply | 1,000,000,000, all sold to the public at launch, nothing minted to the team |
| Launch | JustHoot, on launch day, 19 November 2026 |
| Transfer tax | expected 1%, not final: on every transfer, 75% to the project, 20% burned, 5% to holders in NEAR |
| Project position | 15% to 20% of supply, bought on the open market after launch |
| Points airdrop | 5% of supply, from the project position, to nearswaps points holders |
| Project reserve | the remaining 10% to 15%, locked for 6 months, then released over 18 months |
| Standard trading fee | 0.5% |
| Staker trading fee | 0.25%, for 100,000 or more tokens staked for 30 days |
| Fee share | 50% of all site fees go to the staking pool, paid in NEAR, monthly |
| Burn tiers | 50,000 burned: 0.25% fee for a year. 1,000,000: no trading fee for a year. 5,000,000: no trading fee for life, 0.25% of site fees for life, a limited NFT. At most 100 lifetime positions ever |
| Governance | none. The token carries fee discounts, staking income and burn rights, nothing else |
2. NEAR is in pieces
Everything a trader does on NEAR happens somewhere different. Liquidity sits in Rhea's classic and DCL pools, Intear's launch pools and three launchpads (Shards, Nearly and JustHoot), each with its own site. A trader who wants the best price checks several of them. A trader who wants a stop-loss finds almost no venue that offers one: the exchanges on NEAR are swap forms, and on most of them every trade is a wallet popup. Money arriving from Solana, Ethereum or Bitcoin passes through a bridge site first and a swap site second. NEAR NFTs are spread over four or five markets that do not see each other. New launches are watched on each launchpad's own page. None of these places share a fee discount, a loyalty balance or a token.
Solana has hubs that put all of this behind one door. NEAR does not. That is the gap nearswaps is built for: a trader should be able to arrive from any chain, find any token or NFT on NEAR, trade it at the best route with a stop behind it, and earn for doing so, without leaving one site.
| What you do on NEAR | Where it happens today | On nearswaps |
|---|---|---|
| Swap a token at the best price | check Rhea, Intear, each launchpad | one quote, every pool, best route |
| Trade a new launch | the launchpad's own page | Pulse, with one-tap buy and a token check |
| Set a stop-loss or limit | almost nowhere | the Terminal's auto orders, checked about every second |
| Trade without wallet popups | a few terminals, at 0.75% | 1-click trading from a balance only you can withdraw, at 0.5% or 0.25% |
| Bring money in from another chain | a bridge site, then a swap site | the bridge panel, over any page |
| Buy or list an NFT | four or five markets | one marketplace that shows and buys across them |
| Let an AI agent trade for you | no NEAR venue we know of | a limited agent key with a spending policy |
| Pay less for trading here | nowhere | stake or burn NSWAP |
The tools that bundle some of this charge for it. Unrealized, the closest comparison, charges 0.75% on filled trades. nearswaps charges 0.5% to everyone and 0.25% to stakers, and the fee is on the quote before the user signs.
3. The hub today
Everything in this section is built. Items marked coming are built and tested but not yet public. Each one is a room in the same house: the same wallet connection, the same fee, the same points balance, and from launch the same token.
Swap. One quote across every Rhea pool (classic and DCL) and every Intear pool, with split routing across up to three routes. Price impact, minimum received, pool fees and the site fee are on the card before the wallet opens. NEAR is wrapped and unwrapped inside the same transaction with no site fee on that step.
Terminal. Candle charts from one minute to one day, trades, holders and top traders per token, one-tap buy and sell with preset amounts, and a token check on every page. Two things the swap interfaces on NEAR do not have:
- Auto orders. Stop-loss, take-profit, limit buy and breakout buy. Triggers are sealed in the orders contract and checked about every second by a keeper. The contract checks every leg of the fill against the user's minimum, so a worse route fails rather than fills.
- 1-click trading. The user adds one limited key to their wallet. The key can call only trade, withdraw and recover on the orders contract, and withdraw pays the owner only. Trades then fill without a wallet popup, in about four blocks on Rhea and Intear.
Bridge. A panel that slides over any page. BTC, ETH, SOL, ZEC, USDC and USDT arrive from their own chains through NEAR Intents and land as NEAR tokens in the user's wallet, or go the other way. No wrapped bridge token to manage.
NFT Marketplace. Fixed-price listings with creator royalties paid, for more than 50 NEAR collections. The market also shows and buys listings from Tradeport, near.cooking and Mintbase in the same view, with a basket that buys from several collections and markets in one go. Rarity ranks for every collection that publishes traits.
Pulse. New and moving tokens across Shards, Nearly, JustHoot and Intear: age, holders, pool size, developer buy, tax and market cap, with a one-tap buy.
Token check. Reads a token's keys, code, methods, supply, liquidity, sell depth, holders, age and name look-alikes, and gives a score. A starting point for the user's own research, not a promise.
Top Traders, Portfolio, Learn. A leaderboard from launch day, a wallet page with trade history and profit cards, and fifteen plain-English guides to trading on NEAR.
Agents (coming). A page where a user grants an AI agent a 1-click key with a spending policy, so the agent trades from a balance only the owner can withdraw. An open agent kit speaks to it.
Points. From 19 November 2026, 16:00 UTC, every $1 swapped on listed tokens and pools earns 10 nearswaps points. Points are the basis of the airdrop in section 7.
How it is built
nearswaps is a front end plus two kinds of back end:
- Contracts on NEAR. The orders contract (
nekoorders.near) holds auto orders and 1-click balances, with an executor account that has no keys. The NFT market contract holds listings as approvals, so an NFT never leaves the seller's wallet until it is sold. The staking contract in section 6 will be the third. - Servers. Static pages served from a CDN, a set of API functions for quotes, token data and points, and a keeper on its own server that checks auto orders every second. The servers never hold user keys or user funds.
Every user action that moves money is a transaction the user signs in their own wallet, with the one exception of 1-click trading, where the user signs once to add a limited key that can only trade or pay them back.
4. Fees
4.1 Fees today
| What | Fee | Notes |
|---|---|---|
| Swap, Terminal, Pulse quick buy | 0.5% | inside the same transaction; a few pairs carry 1% today and drop to 0.5% at the token launch |
| Auto order fill | 0.5% | plus 0.02 NEAR per order, half refunded when it closes |
| 1-click trade | 0.5% | plus 0.02 or 0.03 NEAR once per token to switch it on, for everyone |
| Cross-chain, one step | 0.5% | the app fee inside the NEAR Intents quote |
| Cross-chain, two steps | 0.5% | on the swap step only |
| NFT sale on nearswaps | 2.5% | plus the creator royalty set by the collection |
| NFT bought through nearswaps from another market | 0.5% | on top of that market's own fee |
| Wrap or unwrap NEAR | none | gas only |
Pool fees, launch taxes and NEAR gas are set by others and shown in the quote.
4.2 Fees once the token is live
The "trading fee" below means the 0.5% fees in the table: swaps, Terminal, Pulse, auto order fills, 1-click and cross-chain. From the token launch every pair is 0.5%; the few pairs at 1% today end. NFT fees stay as they are for everyone.
| Who | Trading fee | How |
|---|---|---|
| Everyone | 0.5% | no token needed |
| Stakers | 0.25% | 100,000 or more NSWAP in the 30-day staking contract |
| Burned 50,000 | 0.25% for one year | from the day of the burn |
| Burned 1,000,000 | 0% for one year | from the day of the burn |
| Burned 5,000,000 | 0% for life | plus a share of site fees for life, section 6.3 |
The site reads the wallet's staking record and burn record when it builds the quote, and the fee on the card is the fee in the transaction. A wallet that qualifies in more than one way gets the best rate it qualifies for.
For comparison, Unrealized charges 0.75% on filled trades. A staker on nearswaps pays a third of that.
4.3 Where the fees go
From the month the staking contract is live:
| Share | Goes to | Paid |
|---|---|---|
| 50% | the staking pool: stakers and lifetime positions | in NEAR, monthly |
| 50% | the project: development, servers, the keeper, partners and growth | as earned |
Fees arrive in many tokens (whatever was traded, bridged or sold). Before each monthly payout they are swapped to NEAR on nearswaps itself, so the pool pays in one asset and the swaps count as site volume like anyone else's.
5. The token
A hub needs one token that works in every room. NSWAP is that token: the same stake or burn lowers the fee on a swap, a Terminal trade, a 1-click fill, an auto order and a cross-chain transfer, and the same staking pool is fed by every fee the hub earns, NFT sales included. As more of NEAR moves under one roof, more of what happens on NEAR flows through NSWAP.
5.1 Launch
NSWAP launches on JustHoot on 19 November 2026, the day nearswaps.com opens to the public.
JustHoot launches a token with its own Rhea DCL pool against NEAR from the first block. There is no bonding curve and no graduation step, and the launch liquidity is locked in the pool for good by JustHoot's design. The whole supply is sold through that pool. Nothing is minted to the team, to investors or to a treasury.
- Total supply: 1,000,000,000.
- Launch time: on 19 November, announced on X (@nearswaps) before the day.
Transfer tax. JustHoot lets a launch set a transfer tax anywhere from none to 5%, taken from every transfer of the token: buys, sells and wallet-to-wallet sends. nearswaps expects to set it at 1%. The rate is announced before launch day, and once set on JustHoot it does not change. JustHoot splits the tax the same way for every launch:
| Share of the tax | Goes to | How |
|---|---|---|
| 75% | the project | collected in NSWAP, sold for NEAR a little at a time, never in one go |
| 20% | burned | removed from the supply |
| 5% | holders | paid out in NEAR |
The tax is in every quote on nearswaps and on every other site that trades NSWAP. The project's share is income for development and growth alongside its half of the site fees; it is not part of the staking pool.
Because nothing is reserved, the project buys its own position on the open market like everyone else, which is what section 5.2 describes.
5.2 Distribution
| Who | Share | How it is held |
|---|---|---|
| Public | 100% at launch | sold through the JustHoot pool |
| Project position | 15% to 20% | bought on the open market after launch with project funds, in parts, over the first weeks |
| of which: points airdrop | 5% (50,000,000 tokens) | distributed to points holders, section 7 |
| of which: project reserve | 10% to 15% (100,000,000 to 150,000,000 tokens) | locked for 6 months from the day the purchase completes, then released in 18 equal monthly parts |
The project's buys are made from the project's own wallet and announced on X, so anyone can follow them on chain. The reserve is held in a lockup contract whose address is published, so the lock can be checked rather than trusted. During the lock no reserve token moves. After it, releases fund development, partner incentives and liquidity as needed, and any sale from the reserve is announced before it happens.
The project position is bought at market, so the project pays the same price as anyone buying that day. That is the point: no cheap allocation, no overhang from a pre-mint.
5.3 Supply over time
Two things remove tokens from circulation permanently: the burn tiers in section 6.3, and the burned fifth of the transfer tax on every transfer. Nothing adds. The supply can only fall from 1,000,000,000.
If all 100 lifetime positions are ever taken, 500,000,000 tokens (half the supply) are gone for good. The one-year burn tiers remove tokens as well, with no cap, and at a 1% tax every 1,000,000 NSWAP transferred burns 2,000.
6. Staking and burning
6.1 The staking contract
A single contract on NEAR, with its code published before it goes live:
- Minimum stake: 100,000 tokens.
- Lock: 30 days from the day of staking. A stake can be added to at any time; the lock restarts for the added amount only.
- Unstaking: after the lock, at any time, in full or in part, with no fee.
- What a stake gives: the 0.25% trading fee from the next quote, and a share of the staking pool.
- No owner functions over user funds. The contract can pause new stakes and change the payout schedule, nothing more. It cannot move a staker's tokens.
6.2 The staking pool
Each month, 50% of the site fees of the month before are paid out in NEAR:
- Lifetime positions first. Each lifetime position (section 6.3) receives 0.25% of the month's total site fees. With all 100 positions taken, that is 25% of site fees, or half the pool.
- Stakers share the rest in proportion to tokens staked, counted daily across the month, so a stake added mid-month earns for the days it was there.
While fewer than 100 lifetime positions exist, stakers receive more than half the pool. With no lifetime positions, stakers receive the whole 50%.
6.3 Burn tiers
Burning sends tokens to an address nobody holds the keys to, and the site records the burn against the wallet that made it. Burned tokens are gone from the supply and the position cannot be sold or transferred.
| Burned | What the wallet gets | For how long |
|---|---|---|
| 50,000 | 0.25% trading fee | one year from the burn |
| 1,000,000 | no trading fee | one year from the burn |
| 5,000,000 | no trading fee, 0.25% of all site fees paid monthly in NEAR, and a limited-edition NFT | for life |
The lifetime tier is capped at 100 positions. 100 positions is 500,000,000 tokens, half the supply. Once 100 exist, no more can be created. The limited NFT marks the position and can be sold or sent like any NFT, but the fee rights stay with the wallet that burned: they do not move with the NFT. Its design and collection are not announced yet.
Burning 50,000 gives the staker rate for a year at half the cost of a stake, with no lock and no pool share, for traders who will not lock. The two higher tiers give what staking does not: no trading fee at all, and for life.
6.4 What the numbers look like
Illustrations only, at the standard 0.5% fee on all volume, before staker discounts. Volume on nearswaps is unknown until it happens; these are not forecasts.
| Monthly volume | Site fees | Staking pool (50%) | One lifetime position (0.25% of fees) | Left for stakers with 100 lifetime positions | Left for stakers with 0 |
|---|---|---|---|---|---|
| $1,000,000 | $5,000 | $2,500 | $12.50 | $1,250 | $2,500 |
| $10,000,000 | $50,000 | $25,000 | $125 | $12,500 | $25,000 |
| $100,000,000 | $500,000 | $250,000 | $1,250 | $125,000 | $250,000 |
Discounts pull real fees below these figures: a month in which half the volume comes from stakers at 0.25% produces three quarters of the fees shown. NFT market fees and cross-chain fees add to them.
7. Points and the airdrop
From 19 November 2026, 16:00 UTC, every $1 swapped on nearswaps.com on listed tokens and pools earns 10 nearswaps points. The rules on the Points page apply: swaps elsewhere do not count, tokens and pools set up outside the site's lists earn nothing, and points have no cash value and cannot be transferred.
Points run as a season. The first season starts on 19 November 2026 and lasts three to six months. Its end is not announced in advance: it closes at a moment the team picks inside that window, and the snapshot is taken at that moment. This is deliberate. A known end date invites a last-day rush of volume that earns points and leaves; an unknown one rewards trading through the whole season.
At the snapshot, 5% of supply (50,000,000 NSWAP), bought as part of the project position, goes to points holders in proportion to their points. Distribution follows within weeks of the snapshot, and the Points page shows the season's close and every wallet's share when it happens.
The airdrop is planned, not promised. Its terms can change before it happens and any change is posted on the Points page first.
8. Launch partners
NSWAP launches on JustHoot, the NEAR launchpad whose pools lock their liquidity for good. Talks with further launch partners are under way. A partner is named here only once an agreement is signed, and this section is updated then.
9. Roadmap
| When | What |
|---|---|
| 15 November 2026 | Soft launch: nearswaps.com switches from the waitlist page to the app, no announcement |
| 19 November 2026 | Public launch, 14:00 UTC. Token launch on JustHoot. Points and Top Traders from 16:00 UTC |
| November to December 2026 | Project position bought on the open market in parts; each buy announced. Staking contract code published |
| Q1 2027 | Staking contract live: 0.25% staker fee, monthly pool payouts begin, burn tiers open. Agents page public |
| Between February and May 2027 | The first points season closes at an unannounced moment; snapshot and airdrop distribution follow |
| 2027 | More of NEAR under one roof: more NFT markets and collections in the marketplace, more chains in the bridge as NEAR Intents adds them, every new launchpad in Pulse as it appears. Order types: trailing stops and DCA |
Dates after launch day are plans and will move if the staking contract's review takes longer than expected. The contract goes live when it is ready, not on a date.
The direction does not move: anything that is traded on NEAR should be tradable here, at the best route, with the same fee tiers and the same token behind it.
10. Risks
Plainly:
- Token price. The token is sold on an open market and its price can fall to nothing. The project's own position is bought at market and loses value with everyone else's.
- Volume. Fee income depends on trading volume, which is unknown and may be small. The illustrations in section 6.4 are not forecasts.
- Contracts. The staking contract and the orders contract are code, and code has bugs. The staking contract's code is published before it goes live and reviewed by people outside the team, but no review finds everything.
- Dependencies. nearswaps routes through Rhea, Intear, NEAR Intents and the launchpads, and reads NEAR through RPC providers. An outage or a change at any of them affects the site.
- Rules. Fee tiers, the pool split and the airdrop terms can change. Any change is announced on the site before it takes effect, and no change can touch tokens already staked or already burned.
- Regulation. The team is in the United Kingdom. Crypto promotions aimed at UK people fall under the FCA's financial promotion rules. This paper describes a product; it is not a promotion, an offer or advice, and the team will take legal advice before advertising the token or the airdrop to UK users.
11. What the token is not
The token carries no vote, no claim on the company, no share of anything but the staking pool described above, and no promise of value. It is a fee discount, a staking position and a burn right across one trading hub. Governance is not planned; if it is ever added, it will be described in a new version of this paper first.
Nothing on nearswaps.com or in this paper is financial advice. Trading carries risk and users can lose money.