ATV Interlink@ATV_Interlink
🏛️ $ATV TOKENOMICS UPDATE
As announced, we will be releasing the $ATV Token allocation ratio and accompanying halving mechanism. This will apply when the ATV application is deployed on the private Interlink Chain L1, specifically as follows:
1. $ATV TOKEN
Total maximum supply: 17,000,000 $ATV Tokens (17 million $ATV Tokens).
Of which:
- 3%: Core team (primarily responsible for system maintenance, platform-related issues, ATV ecosystem research and development, etc.)
- 5% for liquidity: This is especially important to ensure $ATV Tokens can be circulated with a soft and organic curve; this portion is mainly used to address forced market bottlenecks across phases.
- 92% is distributed to the community, including:
• 2%: Community incentives through ATV promotional programs, community initiatives, and online and offline events.
• 5%: ATV Council and Country Leader: allocated linearly over the long term and tightly controlled by the core team, distributed based on performance, level of support – expanding community reach and the number of successfully approved ATV transactions.
• 85%: Distributed to the community through ATV transaction data entry.
Note: The current number of ATV Council and Country Leader members will be expanded without limit in the initial phase. Any individual can apply to become a Country Leader or ATV Council member.
2. $ATV TOKEN HALVING MECHANISM
With the vision of 17 million $ATV tokens designed to fulfill the first 1 billion $ITL transactions on the Interlink chain, the halving mechanism will be tied to the total number of ATV transactions validated at each point in time, specifically as follows:
- First 1000 ATV transactions validated: 0.8 ATV/transaction.
- After 1000 ATV transactions validated: Halving 1: 0.4 ATV/transaction.
- After 10000 ATV transactions validated: Halving 2: 0.2 ATV/transaction.
- After 100,000 ATV transactions validated: Halving 3: 0.1 ATV/transaction.
- After 1,000,000 ATV transactions are validated: Halving 4: 0.05 ATV/transaction.
- After 10,000,000 ATV transactions are validated: Halving 5: 0.025 ATV/transaction.
- After 100,000,000 ATV transactions are validated: Halving 6: 0.0125 ATV/transaction.
- After 1 billion ATV transactions are validated: Halving 7: 0.00625 ATV/transaction.
After halving 7, the price per transaction will be maintained at 0.00625 $ATV until the supply is exhausted. Once the supply is exhausted, a new DAO proposal will be implemented, and $ATV token holders will have the right to vote on the token's future direction with two options:
1. Issue more $ATV tokens: If this proposal is approved, a further amount of $ATV tokens will be issued with a new halving mechanism.
2. Do not issue more $ATV tokens: If this proposal is approved, the ATV ecosystem will be spent using ATV credit points, while the $ATV token will become a pure reserve asset.
The full white paper is expected to be released at the end of next week.
Thank you for your interest.
#Interlink #ITL #ATV
