🫡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.

Category	Holding Account	Allocation Rate	Total Amount	Unallocated Amount	Allocated Amount	Usage & Status
Fund raising	amax.dao	15.00%	150,000,000.00	146,275,134.97	3,724,865.03	2 M AMAX used for vote staking
Node mining	amax.fund	10.00%	100,000,000.00	99,582,690.39	417,309.61	Super nodes: 50 M, Backup Nodes: 50 M
Ecosystem mining	amax.ecodev	25.00%	250,000,000.00	248,506,481.00	1,493,519.00	1458,469.00 AMAX was burned thru DeGov
Core Dev	amax.coredev	12.00%	120,000,000.00	119,858,052.70	141,947.30	Core-team development allocation
DAO Dev	amax.daodev	18.00%	180,000,000.00	179,869,021.20	130,978.80	DAO-driven development allocation
Web3 Dev	amax.web3	10.00%	100,000,000.00	100,000,000.00	0.00	Web3 infrastructure & services buildup
Foundation	amax.fund	10.00%	100,000,000.00	100,000,000.00	0.00	market cap stabilization & ecosystem dev