Alta Finance Token Model
V3 Updated March 2022
Overview
AltaFin AFN has been replaced with Alta Finance ALTA on a 1:1 swap.
ALTA is Alta Finance’s native protocol token, currently issued on Ethereum, Polygon, and Solana following the ERC-20 standard.
The ALTA token is a utility token designed to facilitate community governance and build a community around bringing real world assets to crypto via the Alta Finance platform.
Token Specs
| Token Name | Alta Finance Token |
|---|---|
| Token Ticker | ALTA |
| Token Type | ERC-20 |
| Token Supply | 10,000,000,000 |
Token Utility
Rewards
- Earn ALTA bonuses on Earn saving contracts
Governance
- Vote on future protocol adjustments with your ALTA token
Protocol
- ALTA will be the core token powering all protocols inside the Alta Finance DeFi Ecosystem, including but not limited to: Earn, Invest, Pool, and more.
- ALTA is accepted as a lending asset to open Earn saving contracts
- Long-term ALTA holders will accumulate more voting power for governance
Token Distribution
| Allocation | Distribution |
|---|---|
| Founders | • 1,200,000,000 ALTA Tokens (12%) • Founders launched the initial version of the Alta Finance Protocol • Tokens are vested; see release schedule below. |
| Team and advisors | • 800,000,000 ALTA Tokens (8%) • Team and advisors involved in the launch & execution of the AltaFin Protocol over initial 6 year period • Tokens are vested; see release schedule below. |
| Vault reserve | • 7,800,000,000 ALTA Tokens (78%) • Reserved for Alta Finance bonus interest payments, rewards, staking, defi protocol fees, strategic liquidity and governance • Strategic market liquidity providers to maintain secondary markets for ALTA |
| LP Incentives | • 200,000,000 ALTA Tokens (2%) for LP incentives |
Token Release Schedule
- Founders
🔒 Tokens will be locked for up to 60 months; To be distributed at founding teams discretion - Team and Advisors
🔒 Vesting monthly over each team and/or advisor initial engagement; Used a payment method for services rendered via contractors - Vault Reserve
🏦 Vault Reserve tokens will be securely stored with multi-sig wallets and utilized for purposes listed above