🫡Tokenomics

The Armonia meta chain has its native token $AMAX which is not only a source of power to all activities on AMC but can also serve child chains and even become their native token when chosen so by the child chains.

The total supply of $AMAX is 1 billion and there won't be any systematic inflation. Armonia DAO can decide whether to implement inflation to $AMAX for the success of the ecosystem.

Token tick：$AMAX
Total supply：1B
Inflation：only decided through amax.dao governance body. No inflation by default.
Issuing contract：amax.token deployed on Armonian network (https://amax.network)
Blackhole account: oooo
Core usages：
- Native token for Armonia network
- Can be used to stake to get resources requried in Armonia network participation，
- Can be used to vote for network validator election in order to mine new tokens
- General Armonia multi-chain ecosystem development usage

Following is the latest update of token distribution table after the network has been launched since April 8 of 2022.