Trade-Driven Mining: 30m A5T tokens will be mined from the total token supply of 50m tokens (60% of the total supply). A5T will be distributed on Alpha5 on a pro-rata basis as per a pre-determined emission schedule to traders that account for, on a daily observation (determined from 00:00 UTC to 23:59:59 UTC) fee-paying trade volume. Eligibility and distributions will commence on March 1, 2021. Until then, there will be no distribution. Any A5T distributed on Alpha5 will only be eligible for trading/withdrawal after an equivalent of $5,000 USDT (per A5T) fee-paying volume has been registered by the trader.
For the first 30 days of Emissions (month of March): 88,888 A5T will be distributed on a daily basis. And subsequent daily emissions will follow the schedule above.
On March 1, 88,888 A5T is set to be distributed to Alpha5 Takers.
Let’s say the Taker fees paid on Alpha5 is ‘X total’.
If a trader registers 10% of the fees of ‘X total’ (pro-rata, not volume), they would get: 10% * 88,888 A5T = 8,888 “locked” A5T. Similarly, if a trader registers 20% of fees of ‘X total’, they would get 20% * 88,888 A5T = 17,776 “locked” A5T. Your % of the ‘X total’ of Taker Fees paid (pro-rata, not volume) on that specific day on Alpha5 corresponds to your % of the daily distribution of “locked” A5T. This happens everyday in line with the Emissions schedule.
*Thereafter the equivalent of 5000 USDT of Taker volume that is registered unlocks 1 A5T.
**Locked A5T will sit in your account for 180 days, to which when time expires these locked A5T will get burned.
We hope to achieve a fair/proper reward system where A5T will accrue naturally to the ‘most active participants’ on Alpha5.
We understand there is a small float of A5T on Uniswap: https://info.uniswap.org/pair/0x7d34F36bdD18e67783Df5d4Df9092c83614f9033