Token Utility
The Alton token ($ALTON) serves as the backbone of the Alton ecosystem, empowering users with unique functionalities and incentives. Its multi-faceted utility ensures continuous engagement, supports ecosystem growth, and rewards long-term holders. Below are the primary utilities of the Alton token:
1. Payment of Trading Fees
Utility: $ALTON can be used to pay trading fees on the Alton DEX.
Key Benefits:
Discounts on trading fees encourage frequent token usage.
Dynamic discount rates based on trading volume or staking level.
2. Staking
Utility: Users can stake $ALTON to access multiple benefits:
Rewards: Earn yield in $ALTON.
Tiers: Access lower trading fees or exclusive features based on staking level.
Governance: Participate in decision-making via DAO voting.
3. Liquidity Pool Rewards
Utility: Incentivizes liquidity providers on Alton DEX.
Key Benefits:
Liquidity providers earn $ALTON tokens proportional to their contributions.
Improved trading efficiency by reducing slippage and boosting liquidity.
4. DAO Governance
Utility: Token holders become DAO members, allowing them to:
Propose and vote on changes to protocol parameters.
Approve new token listings or trading pairs.
Allocate budgets and rewards.
Deflationary Mechanism:
All revenue generated via DAO is used to burn $ALTON, reducing supply.
5. Launchpad Participation
Utility: Exclusive access to brand-token presales.
Mechanics:
Users stake $ALTON for allocation eligibility.
Higher stakes increase chances of winning allocations in presales.
6. Token Burn Mechanism
Utility: Supports token deflation to maintain value.
Mechanics:
A portion of $ALTON used for fees or brand-token activities is burned.
Burn volume linked to trading activity and other economic factors.
Tokens are also burned during DAO voting, incentivizing active participation and reducing token supply.
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