Tokenomics & Allocation

$TOBY token supply, allocation, utility, and distribution design for Solana's OpenMEV network.

$TOBY is the governance and value-capture layer for Solana's OpenMEV marketplace. It gives token holders direct control over protocol decisions and a share of the value the network generates.

Token Overview

Detail
Value

Token

$TOBY

Total Supply

1,000,000,000

Network

Solana

Role

Governance + value capture

$TOBY does two things: it powers governance of the OpenMEV network through the OpenMEV Council, and it captures value generated by MEV activity across Solana. Every major protocol parameter, from validator incentives to fee distribution, is decided by $TOBY holders.

The token is issued by the Toby Foundation.

Allocation

The full supply is distributed across six categories:

Allocation
%
Tokens

Ecosystem (Stakers, Validators, Builders)

52.5%

525,000,000

Treasury

15%

150,000,000

Liquidity

10%

100,000,000

Team

10%

100,000,000

Investors & Early Builders

7.5%

75,000,000

Public Sale

5%

50,000,000

Public sale tokens (50,000,000 $TOBY) are fully unlocked at TGE. The public sale is conducted by the Toby Foundation.

Token Utility

$TOBY is a working token. It has clear, defined uses within the OpenMEV ecosystem.

Governance

Token holders vote on protocol decisions through the OpenMEV Council. Governance scope includes:

  • MEV admission rules: which types of MEV strategies are permitted on the network

  • Validator participation and incentives: requirements and reward structures for validators

  • Auction mechanics and fee distribution: how MEV auctions run and where fees flow

  • Future protocol integrations: which Solana protocols and DeFi platforms integrate with OpenMEV

This isn't advisory governance. Council decisions directly shape how the network operates and how value is distributed.

Staking

$TOBY holders can stake for yield through two channels:

  • MEV rewards: a share of the value extracted through the OpenMEV marketplace

  • Staking yield via genSOL: Toby's generalized SOL product that compounds staking returns with MEV yield

Staking aligns token holders with the long-term health of the network. The more MEV the network processes, the more yield flows to stakers.

Validator Incentive Alignment

Validators participating in the OpenMEV network are incentivized through $TOBY emissions from the ecosystem allocation. This creates a direct link between validator performance, network security, and token value.

Protocol Integration Decisions

As OpenMEV expands across Solana DeFi, $TOBY holders decide which protocols to integrate with. Every new integration increases the MEV surface area the network can capture, feeding back into staking rewards and ecosystem growth.

Distribution Philosophy

The allocation is built around one principle: the people who use and secure the network should own the majority of it.

  • 52.5% goes to the ecosystem. Stakers, validators, and builders collectively hold the largest share of the supply. This isn't symbolic. It's the majority.

  • Community-first structure. Combined ecosystem, public sale, and liquidity allocations account for 67.5% of total supply. The network is built to be owned by its participants.

  • Aligned incentives. Every allocation category maps to a function the network needs. Ecosystem tokens reward participation. Treasury funds development. Liquidity ensures tradability. Team tokens align the builders with the outcome.

As OpenMEV grows on Solana, the value it creates flows back to the people powering it. No supply concentration in insider hands. No gap between who builds the network and who benefits from it.

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