Distribution
Last updated
Last updated
Distribution In order to build a strong economy, any participant who decides to invest in a Tribe Item or AKC NFT will trigger a chain of events that guarantee a fair redistribution of Alpha Coins.
Here’s what happens with the Alpha Coins used to purchase tribe items:
1: 75% goes to a reward pool. This is used for daily rewards, staking rewards and all earning bonuses that are unlocked by members.
2: 15% is used by the team to further grow the Ecosystem and gets reinvested in the form of:
a. Payments for development of the platform by capable experts. This ensures we can roll out new utilities at a fast pace.
b. Buying the floor. We are buying Coins and burning them on a steady basis.
c. Affiliate rewards to members. We make payments to members who refer their friends and turn them into active participants of the Ecosystem.
d. Airdrops and Giveaways. We love playing games and we love rewarding the community even more. That’s why we use a small cut as prizes.
e. Earnings for the core AKC team. Team member earnings for their efforts.
3: 10% goes to the liquidity pool (Alpha Coins and ETH pair, 50/50). This is to enable users to buy and sell Alpha Coins on decentralized exchanges without the need for centralized market makers. For a detailed guide on how Liquidity Pools work, refer to
Tokenomics
There are 10.000.000 $AKC coins (or 10 million). There will never be more $AKC coins, this is encoded in the contract. The initial price for one Alpha Coin is set on $0.10 with $140.000 in the liquidity pool. The initial liquidity is locked:
OpenSea commissions
But Tribe Items aren’t the only assets generating earnings.
We’re also getting OpenSea commissions on all Alpha Kongs Club NFTs traded.
So we’re also using 50% of the OpenSea commissions from 2 April 2022 for the following:
1: 80% is added to the Alpa Coins liquidity pool. 2: 20% is used to buy and burn Alpha Coins (and raise the floor).
A selling tax of 20% will be applied to stabilise the price of the Alpha Coins.
This selling tax is also used for:
1: The reward pool 2: Providing liquidity to the liquidity pool 3: Burning alpha coins
Nobody likes a selling tax, us included. However, it’s beneficial to the ecosystem, especially in the first month to provide more stability.