NEOCLOUD, issued by ABC Labs, LLC, is a Decentralized Token Folio (DTF) that bundles multiple ERC-20 tokens into a single fungible token tracking an AI capacity and neocloud investment theme, deployed permissionlessly on the Reserve Index Protocol [S1] [S2].

Holders receive a proportional claim on the DTF's underlying basket of ERC-20 tokens, redeemable at real-time net asset value (NAV) [S2] [S3]. The token carries no dividend or coupon; economic return derives from the basket value, repriced continuously and maintained near NAV through Dutch auction rebalancing [S2]. Holders bear a management fee on total value locked of up to 5% per year, accrued continuously, plus a mint fee of up to 1% on issuance [S2] [S4].

ABC Labs states it is not a bank, broker-dealer, investment adviser, or other regulated financial intermediary, and is not registered with the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, or any other authority [S5]. DTFs are created permissionlessly by independent third parties and governed by staked governance tokenholders through optimistic and standard proposals, not by a single corporate issuer [S1] [S6]. The terms are governed by the laws of Delaware [S5]. DTFs are not deposits, are not guaranteed by ABC Labs, and are not insured; ABC Labs does not take custody of holder assets [S5]. Access is restricted from sanctioned jurisdictions [S5].

DTF tokens follow the ERC-20 standard and are deployed onchain through the Reserve Index Protocol [S2]. Any holder may mint or redeem permissionlessly, with both operations settling atomically within a single transaction by exchanging exact basket-token amounts read from the Folio contract [S7]. NAV is computed onchain from the spot prices of each basket constituent, with the toAssets() function returning underlying asset amounts per share [S3].

<Sources
  retrievedAt="2026-06-30"
  items={[
    { id: "S1", url: "https://reserve.org/" },
    { id: "S2", url: "https://docs.reserve.org/core-components/index-dtfs/overview.md" },
    { id: "S3", url: "https://docs.reserve.org/core-components/index-dtfs/pricing.md" },
    { id: "S4", url: "https://docs.reserve.org/core-components/index-dtfs/fees/platform-fee.md" },
    { id: "S5", url: "https://reserve.org/terms_and_conditions" },
    { id: "S6", url: "https://docs.reserve.org/core-components/index-dtfs/optimistic-governance.md" },
    { id: "S7", url: "https://docs.reserve.org/core-components/index-dtfs/minting-and-redeeming.md" },
  ]}
/>


# Asset senders (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

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Asset management

Reserve

Reserve AI Capacity & Neocloud DTF (NEOCLOUD) is a tokenized exposure to Portfolio and distributed through ABC Labs, LLC with Alpaca Securities LLC as broker.

Each token entitles holders to dividends, carries no voting rights, and carries an annual fee of 0.6%.

The underlying shares are held by Alpaca Securities LLC and BitGo Bank & Trust, National Association and Ankura Trust Company, LLC as auditor.

NEOCLOUD has been issued on BNB Chain as an ERC-20 token since June 2026.

Reserve AI Capacity & Neocloud DTFNEOCLOUD