Tokenomics
Economic model of the $ATLA cryptocurrency
The maximum supply of $ATLA is hardcoded and can only be modified through a governance decision driven by mass consensus.
Allocation
Total Supply: 3,000,000,000 Max Supply: ∞
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| 705,000,000 | 23.50 % |
| 500,000,000 | 16.67 % |
| 450,000,000 | 15.00 % |
| 539,000,000 | 17.97 % |
| 806,000,000 | 26.87% |
| 3,000,000,000 | 100% |
Emissions
Due to the nature of the private allocations, publication of the final, accurate emissions will be conducted in tandem with the release of mainnet. Tentative Date of Mainnet: Q4 2024
Execution Emission Initiation: TGE Execution Inflation Time: 72 Months Execution Inflation Emissions: 250,000,000 $ATLA
Data Storage initiation: 12 months after TGE Data Storage Inflation Time: 72 Months Data Storage Inflation Emissions: 250,000,000 $ATLA
Total Inflation Duration: 84 months Tentative Inflation Rate: 4%
Automated Supply Management:
Once the total supply of 7,500,000,000 $ATLA has been injected into circulation; an anti-inflation burn mechanism will be engaged to combat any potential excess emissions of the native 4% inflation.
TGE - Token Generation Event
The $ATLA token generation event will take place simultaneously with the launch of mainnet. Immediately upon the creation of the genesis block, a certain percentage of $ATLA tokens will come into circulation.
* these are tentative numbers that are subject to fluctuations as deemed optimal (based on variable external and internal factors) at the moment of launch.
# In Circulation: 417,169,706 $ATLA % of total supply: 13.91%
TGE Distribution:
1) Private Round
# of $ATLA Generated: 83,219,705.94 $ATLA
Tokens that are locked as collateral into validator nodes. These tokens remain locked for the duration of their vesting periods; after which they begin unlock linearly. *Unlocked tokens do not automatically make it into the marketplace, they simply become fully under the control of their associated operator and the operator become capable of deciding what ultimately happens with them.
2) Treasury:
# of $ATLA Generated: 140,000,000 $ATLA
Reservoir of $ATLA that are directed towards supporting the economic growth/presence of $ATLA. These coins do no enter circulation without validation from the token holder community. Primary use cases include; bootstrapping network operations, providing an insurance fund as a backstop of last resort for unanticipated events that happen reg liquidity providers, validator mis-behaviors, et al; as well as, growing the ecosystem through partnerships.
3) Incentives:
# of $ATLA Generated: 115,250,000 $ATLA
Increasing presence and opening channels of $ATLA's organic distribution for the public by launching campaigns to attract participants {via ecosystem growth programs (ecosystem/ambassador)/, support open sourced initiatives {Web3 tooling}, help partners incentivize and subsidize opportunity costs for users that allocate attention/capital to ATLETA.
4) Validator Locks:
# of $ATLA Generated: 78,700,000 $ATLA
Tokens that are locked as collateral into validator nodes. These tokens remain locked for the duration of their vesting periods; after which they begin unlock linearly. *Unlocked tokens do not automatically make it into the marketplace, they simply become fully under the control of their associated operator and the operator become capable of deciding what ultimately happens with them.
Emissions Breakdown
The total outstanding supply that will come into circulation over the course of 72 months after the token generation event. Once emissions conclude, the system will achieve 0% inflation, and immediately have its economic policy shift into a deflationary one.
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Cliff: 18-months Vesting: 24 months Method: 1/"x"th of total allocation p/ month minus token generation event. |
Cliff: Variable Vesting: 48 - months Method: 1/"x"th of total allocation p/ month minus token generation event. |
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Cliff: 12 - months Vesting: 18 - months Method: linear months unlocks, 1/18th of total allocation minus token generation event. |
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