Tokenomics
Astar Exchange Token (ASX) tokenomics
80% of the Astar Exchange Token (ASX) supply is allocated to Astar Exchange community members by liquidity mining pools. The formula accounts for LP liquidity on a per-second basis ensuring that rewards are weighted towards LPs that provided liquidity when total liquidity was low.
$ASX holders may vote to add more pools after an initial 30-day governance grace period, then Snapshot.org page will be opened. You are welcome to the DAO forum to discuss future of the website, protocol and Governance Token. Every decision will be lead by Astar Exchange community by vote.
Community-led Growth
Astar Exchange is a trustless and highly decentralized financial infrastructure.
Inspired by UniSwap's vision, we have long committed to the ideals of permissionless access, security, and immutability, all indespensable components for a future where anyone in the world can access financial services without fear of discrimination or counterparty risk.
The introduction of $ASX serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.
$ASX officially enshrines Astar Exchange as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.
$ASX Allocation
04-16-2022 modification: total supply reduction (-10%), DAO Treasury share is 10%, team share is vested over 2 years.
Maximum supply will be
225,000,000 ASX (minus burned tokens) and will become accessible over the course of 2 years. The allocation is as follows:- 80.00% to Astar Exchange community members by liquidity mining pools
180,000,000 ASX(minus burned tokens) - 10.00% to team members and future employees, vested over 2 years
22,500,000 ASX(minus burned tokens) - 10.00% to Governance Treasury, used for community initiatives, preminted
22,500,000 ASX(minus burned tokens)
Team address:
0x9b131018037956f3A0B7A477d6717fa6e7093B31Treasury address:
0xC626C42a7bA5bd31505084C451527cEFf5D3252D04-14-2022 burn transactions:
0xe18ead13a70fbfb07733213bd7b05d515adadb99e2ae984aeecad5a154e7f3110xda894e2849e34f6335891b646995b6378f60c7bbe185f2e03a00b42b55eaf3fd0x8c45e267e75c2d5265a4d0241bb89f67ca4f771a6818bc9c4c2a56b8ccace383
Governance assets
The Governance Treasury will retain 10% [
22,500,000 ASX] of $ASX supply to distribute on an ongoing basis through contributor grants, community initiatives, liquidity mining, and other programs.A community-managed treasury opens up a world of infinite possibilities. We hope to see a variety of experimentation, including ecosystem grants and public goods funding, both of which can foster additional Astar Exchange ecosystem growth. We are proud to follow Uniswap's path, they have set the standard for automated liquidity provision. As they said: it is now time to set the benchmark for responsible but radical, long-term aligned on-chain governance systems. Speed and low fees on Astar Network open this new financial ecosystem to everyone.
Last modified 1yr ago