Alton
Introduction
  • INTRODUCTION
    • Current State Of Web 3.0
    • Introducing Alton
  • Products
    • Alton Trader App
      • Seasons
      • Brand Token Integration
      • Alton Academy
      • In-Game Exchange
      • Rewards & Incentives System
      • User Support & Community Engagement
    • Brand Protocol
      • Token Minter: Crafting Unique Brand Tokens
      • Brand Token Explorer
      • Branded Missions Contract
      • BrandPad: The Launchpad for Brand Tokens
      • Dedicated Brand Pools
    • Alton DEX
      • Liquidity Pools on Alton DEX
      • Order Book on Alton DEX
      • Gasless Transactions on Alton DEX
      • Liquidity Boosts on Alton DEX
      • Fee Structure on Alton DEX
      • Token Pairs and Listings on Alton DEX
      • Advanced Trading Features on Alton DEX
      • Governance and Community Involvement
      • Futures Trading on Alton DEX
    • Staking/Landing
    • Alton SocialFi Platform
  • Alton Token
    • Tokenomics
    • Token Utility
      • Payment of Trading Fees
      • Gas Fee Replacement
      • Staking $ALTON
      • Liquidity Pool Rewards
      • DAO Governance
      • Launchpad Participation
      • Token Burn Mechanism
  • Community
    • Growing Our Community
  • Social Links
    • Alton Vouchers
    • Youtube
    • Alton Trader Bot
    • TG Channel
    • TG Chat
    • X
    • Instagram
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  1. Alton Token

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. Gas Fee Replacement

  • Utility: $ALTON enables gasless transactions by replacing TON as the transaction fee.

  • Key Benefits:

    • Simplifies the user experience by eliminating the need for TON.

    • Reduces reliance on external assets.

  • How It Works:

    • For $TON tokens: Gas is deducted from the received amount.

    • For $ALTON tokens: Fees are converted automatically via smart contracts.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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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Last updated 2 months ago