# 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](https://amaxscan.io/account/amax.token) deployed on Armonian network ([https://amax.network](https://amax.network/))
* Blackhole account: [oooo](https://amaxscan.io/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  |

<figure><img src="https://515463594-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPLeYhQu54wElqgRyHnex%2Fuploads%2FRHOVBtbuPsI75aLMPIuD%2Fimage.png?alt=media&#x26;token=520483e4-5d78-4130-820e-f6871164faf6" alt=""><figcaption></figcaption></figure>
