> For the complete documentation index, see [llms.txt](https://docs.skycastle.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.skycastle.network/incubation-engine.md).

# Incubation Engine

## Stages of Incubation

1. **Strategy & Market Fit** – refine product + token design.
2. **Product Build** – dev assistance, integrations, validation.
3. Brand & UX – frontend, docs, identity kits.
4. **Comms & GTM** – narrative building, content calendars, launch strategy.
5. **Tokenomics** – allocations, lockups, and incentive design.
6. **TGE Launch** – network provides initial holders + validators.
7. **Scale** – Partners run campaigns, liquidity support, long-term advisory.

## NAV Mechanics

* **NAV Formula**: market value of treasury (SKY + ETH + incubated token holdings) + open market positions
* **Incubation Capture**: 5% of supply of each incubated project, locked 6 months
* **Buyback & Burn:** triggered when SKY < NAV