💰Tokenomics
Total Supply: 400,000,000 ALCHI
Tokenomics play a crucial role in the sustainability and growth of the OpenALCHI ecosystem. The ALCHI token is designed to incentivize participation, support development, and empower the community through governance. Below is a detailed breakdown of the ALCHI token distribution and its intended use within the platform.
Allocation Breakdown
Development and Team: 80,000,000 ALCHI (20%)
Purpose: Funding for development, team salaries, and future project expansions.
Vesting Period: 4 years with a 1-year cliff (25% unlocked after 1 year, then monthly vesting over the remaining 3 years).
Community and Ecosystem: 100,000,000 ALCHI (25%)
Purpose: Building the community, ecosystem partnerships, marketing, and promotional activities.
Vesting Period: Immediate access for marketing and community activities with quarterly reviews for ecosystem grants.
Staking Rewards: 120,000,000 ALCHI (30%)
Purpose: Incentivizing users to stake their NFTs and participate actively in the ecosystem.
Distribution: Released over 10 years, with higher rewards in the initial years to encourage early participation.
Year 1: 20,000,000 ALCHI
Year 2: 15,000,000 ALCHI
Year 3: 15,000,000 ALCHI
Year 4-10: 10,000,000 ALCHI per year
Airdrops and User Incentives: 60,000,000 ALCHI (15%)
Purpose: Rewarding early adopters, airdrops for selected NFT holders, and other user incentives.
Distribution:
Initial Airdrop: 20,000,000 ALCHI (spread across various user categories and phases)
User Incentives: 40,000,000 ALCHI (for ongoing user engagement activities, special events, and promotions)
Liquidity Provision: 20,000,000 ALCHI (5%)
Purpose: Providing liquidity on decentralized exchanges to ensure smooth trading.
Distribution: Initially locked for liquidity pools with gradual unlocking based on market conditions.
Reserve Fund: 20,000,000 ALCHI (5%)
Purpose: Contingency fund for unforeseen circumstances, future needs, and strategic opportunities.
Vesting Period: Locked for the first year, with quarterly unlocking over the next 4 years.
Vesting and Unlocking Schedule
The vesting schedules are designed to ensure sustainable growth, encourage long-term commitment from the team, and prevent large, sudden sell-offs that could destabilize the market. Here’s how the vesting works:
Development and Team: 1-year cliff, followed by monthly vesting over the next 3 years.
Community and Ecosystem: Immediate access for marketing and community activities, quarterly reviews for ecosystem grants.
Staking Rewards: Gradual release over 10 years, with higher rewards in the initial years.
Airdrops and User Incentives: Immediate distribution for initial airdrop, ongoing user incentives released as per activities.
Liquidity Provision: Initially locked, gradual unlocking based on market conditions.
Reserve Fund: 1-year lock, followed by quarterly unlocking over the next 4 years.
Governance Function
Beyond its use within the OpenALCHI game, the ALCHI token also serves a governance role. Token holders will be able to propose and vote on key aspects of the ecosystem, including:
Adjusting game fees
Modifying reward rates for NFT staking
Deciding on new features and expansions
Allocating funds for community-driven projects
This decentralized approach ensures that the community has a voice in the future development and management of OpenALCHI.
Conclusion
The ALCHI token is more than just a currency within the OpenALCHI ecosystem—it’s a tool for empowerment, enabling users to shape the future of the platform. We encourage all token holders to get involved in governance, stake their tokens to earn rewards, and actively participate in the growth of OpenALCHI. For more information, visit our community page.
Risk Disclaimer
Participation in the ALCHI token economy involves risks, including potential market volatility. Please make sure to conduct thorough research and consider your financial situation before engaging in token transactions or staking activities.
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