REFERENCE YEAR CURVES SCENARIO

Our Financial model min revenue expectation based purely on fees revenue and not includs revenue streams from Liquidations pool, SLs and in-house Token performance income, those additional revenue sources could drive overall revenue stream multiply by x3 in minimum avrg range. For current stage it is going to be only as observing “Hypothetical expectations” that difficult to count. We are not building Hypotheses in Jenex, we are building multi-source revenue driven machine based on clear deep analytics and already experienced in our past cases minimal expectational metrics.

For the first operational annual (Q3 2026-Q3 2027) most of the Protocol revenue (up to 100%), exclude monthly core expenses (OpeX+CapeX) would be send to sustain LP and TVL growth + token buybacks
Team equity from net locked for 2 years
Team tokens vested for 12 months

Year	Phase	Avrg Trading Volume / Month	Revenue / Month / min exp	Costs / Month	Direct MKT / Month	Referral / Month	Other MKT / Month	Net Cash Flow / Month	Buybacks / Month	New Users / Month	New Paying Users / Month	MAU Paying
2026	Ramp Phase	587.5M	260K	433K	69K	191K	11K	-173K	0	3,300	1,350	50,371
2027	Post-TGE Shock Selling presure → Scale Start	12.55B	13.45M	3.25M	233K	9.47M	67K	-3.2M	1M	9,000	3,700	37,000
2028	Hyper Growth	37.77B	44.39M	5M	328K	29.2M	108K	+10M → +25M	1.2M	15,000	6,000	79,242
2029	Institutional Scale	115.85B	141.7M	20M	422K	86M	148K	+40M → +80M	3M	22,000	9,500	96,748
2030	Mature Top-Tier Protocol	159B	204M	26M	517K	115M	189K	+120M → +180M	4M	26,000	11,500	107,885