Dear Nami Community,

To strengthen the growth foundation of the NAO ecosystem and broaden community ownership, Nami Exchange officially opens voting on Proposal #9: Launching NAO Fair Launch – issuing 5,000,000 NAO.

The proposal emphasizes fair and transparent distribution while enhancing liquidity under a first-come, first-served (FCFS) mechanism.

The NAO asset will be minted up to 5,000,000 for the NAO Fair Launch. The entire issuance is allocated directly to buyers during this sale. Any undistributed amount will be burned to ensure transparency and fairness across the NAO ecosystem.

1. Details of the Program

• Program name: NAO Fair Launch
• Total offering amount: 5,000,000 NAO
• Offering price: 2 V1K per 1 NAO
• Total fundraising target: 10,000,000 V1K
• Purchase limit: No per-user limit.
• Minimum purchase: 1 NAO. Orders must be in whole units (1 NAO, 2 NAO...); fractional quantities (e.g., 1.1 NAO or 1.2 NAO) are not supported.
• Mint transaction of NAO assets on the BNB Chain: 0xc78ab6c90d762e8f91cf7ff87a4a12307c2682caae2b53072ccfd0fe260e1083
• How to join: 
  • Nami Exchange users can purchase NAO directly using V1K under a first-come, first-served (FCFS) mechanism.
  • Assets will be distributed to buyers in the order of successful transactions until the total allocation is sold out.
  • Transactions will take place on th​is link: https://nami.exchange/launchpad/nao
• Program period: From 15.10.2025 03:00 to 17.10.2025 16:59 (UTC).
• Distribution: Purchased NAO assets will be sent directly to users’ Spot wallets immediately after successful purchase.

2. Voting mechanism

Proposal 9: Launching NAO Fair Launch - Issuing 5,000,000 NAO

Voting conditions: Users must be members of the NAO Governance Pool.

Voting period: From 12.10.2025 03:00 to 14.10.2025 17:00 (UTC).

• Each proposal needs a minimum of 70% of NAO assets in the Governance Pool to vote to be considered valid.
• Each proposal needs to reach over 50% Approval of the total number of NAO assets participating in the vote to be approved and implemented.
• Each user has only one vote. The decision will be reserved until the voting period ends.
• The number of NAO users added to the Governance Pool after voting will be automatically updated to the Voting Rate.

3. Voting timeline

• From 12.10.2025 03:00 to 14.10.2025 17:00 (UTC): Voting for Proposal #9 will be open in the NAO Governance Pool.
• From 15.10.2025 03:00 to 17.10.2025 16:59 (UTC): If the proposal is approved, Nami Exchange will launch NAO Fair Launch under a first-come, first-served (FCFS) mechanism, open during the stated period or until the entire allocation is sold out.

4. Voting instructions

To participate in voting, users can follow the steps below:

Step 1:

• On Nami Exchange application: 

At the Services section, select NAO Governance.

• On Nami Exchange website:

On the Home screen, select NAO Project from the menu bar, and then access Governance Pool or log in with your Nami account to the website https://nami.exchange/nao

Step 2: Scroll down to the Proposals section, select Proposal 9.

Step 3: Select Vote, then select Approve or Reject.

 Important disclaimers

• Market Risks & Price Volatility: The value of NAO and V1K is highly volatile and there is no guarantee of future performance. Nami Exchange does NOT guarantee the future value, liquidity, tradability, or profitability of purchasing NAO. The price of NAO post-issuance will be solely determined by open market supply and demand and may fall below the issuance price. Investors are fully responsible for their financial decisions and acknowledge the inherent risks of market volatility.
• Changes Without Prior Notice: Nami Exchange reserves the right to adjust, supplement, or cancel the terms, conditions, and schedule of the NAO Fair Launch as necessary to safeguard investor interests and ensure operational security. Certain updates may take effect without prior notice.
• Use of Raised Assets & Liquidity Obligations: The V1K raised from this event will be under the sole management and utilization of Nami Exchange for the development of the NAO ecosystem at its discretion. Nami Exchange is under NO legal obligation or commitment to use these assets to provide, establish, or maintain any market or liquidity for the NAO asset on any exchange.
• Technical Risks & FCFS Mechanism: The event operates on a "First-Come, First-Served" (FCFS) basis. Nami Exchange shall not be held liable if you are unable to purchase NAO for any reason including but not limited to: technical issues, network congestion, software failures, third-party service provider failures, user error, or simply the entire allocation being sold out before your transaction is processed.
• Legal & Regulatory Risks: The regulatory landscape for digital assets like NAO is uncertain and subject to change. Changes in laws or regulations in any jurisdiction may adversely affect the availability, value, legality, or tradability of NAO. You are responsible for complying with all applicable local laws.
• Not Investment Advice: The information in this proposal is for informational purposes only and should not be construed as financial, investment, legal, tax, or any other form of professional advice. You are strongly advised to seek independent professional advice before making any decision to participate.
• Participant's Responsibility: Participants are solely and entirely responsible for:
  • Ensuring they meet all eligibility requirements to participate (e.g., being a member of the Governance Pool to vote, having sufficient V1K balance).
  • Conducting their own research (DYOR) and understanding the mechanism, terms, and risks of the Fair Launch event.
  • Securing their account, password, and wallet credentials. Nami Exchange is not responsible for any losses resulting from lost access, fraud, or unauthorized activities.
• Proposal Validity & Implementation: The execution of the event is entirely contingent upon the final voting results. Nami Exchange reserves the right to cancel, modify, or delay this event if the proposal fails to meet the stated validity conditions (e.g., fails to achieve 70% participation of the Governance Pool NAO or over 50% approval votes), or for any force majeure, security, or operational reasons.

Best regards,