5.10 Token Distribution

The overall allocation of $AMAX tokens are as follows:

• Market sales allocation

$AMAX tokens to be used for market sales occupy 15% of the total issued amount, which will serve the following purposes:

• Support the project development by Armonia's core team and the DAO body; and

• Use to mine node staking and voting to allow 5% staking ratio for mining activation.

Of the aggregate 15% allocated to market sales, 2% is expected to be allocated to seed investors, 3% to institutional investors and 10% for an IDO which will use a bonding curve formula to bind the $AMAX price with the total staking amount.

• Armonia Foundation allocation

To support the overall health of the market capital and DAO development, 10% of $AMAX will be allocated to the Armonia Foundation and kept in the amax.fund which can be supervised by the entire community and will only be used for the advancement of the ecosystem.

• Mining allocation

In total, 75% of $AMAX's total supply will be used for mining activities within Armonia's ecosystem and is regarded as "mining of things", meaning all value contributing to activities in the ecosystem can take the form of mining and participants can be rewarded with tokens including `$AMAX'.