Tokenomics

Optimised for ecosystem stability

Type

Amount of tokens

%TGE unlocked

# TGE unlocked

Cliff

Vesting

Total lock up

Distribution

Deflationary Mechanism & Platform Fee Burning

To ensure a healthy appreciation and value growth of the AN1 token for all stakeholders, and to guarantee the smooth functioning of the economics inside the Another-1 Ecosystem, we designed a deflationary mechanism with a built-in ‘burning’ feature that will be applied to every kind of platform fees that takes place within the ecosystem - more actions = more burning = value for token holders.

The “burning” feature is achieved by transferring the collected platform fees, or “taxes”, to a burner wallet. These “burned” tokens will not be recoverable, hence reducing the total supply of the token, and driving it into a deflationary course (value growth). In other words, Another-1 doesn’t collect the platform fees for its financial benefits, instead, the fees will be used to support the value of the token. The more active the ecosystem is, and the more economic activities take place, the higher the value the AN1 token will enjoy.

To avoid any black-box operation or insider trading, the whole “burning” mechanism is transparent and is subject to the public’s supervision.

Fees will be applied to the following list of actions in the Another-1 ecosystem, and will be sent directly to the burner wallet forever:

ADO Module

Minting of NFT
Redemption or Forging of the physical collectibles
Trading (buy/sell) of collections

Flex-2-Earn

Receiving reward (reward provider will bear the fee)

Become a Creator Module

Deposit for vouching for a designer-initiated collection
Creating a collection by a designer
Creating

Staking

Receiving staking reward/interest
Buying booster packs

Raffles

Participating a raffle
Receiving reward

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Last updated 7 months ago