How much is the circulation of Autonolas (OLAS) coins?

Autonolas's tokenomics weave scarcity, community engagement, and a burn mechanism into its token allocation and fee distribution, creating a compelling investment proposition in the blockchain realm.

Dec 14, 2024 at 11:34 am

Understanding the Tokenomics of Autonolas (OLAS)

Autonolas (OLAS), an innovative digital asset in the blockchain ecosystem, has emerged as a compelling investment opportunity for crypto enthusiasts. Its limited supply and meticulously designed tokenomics ensure scarcity, driving its value proposition.

1. Total Supply and Circulation

The total supply of Autonolas (OLAS) is 100 million tokens. Of these, approximately 40 million tokens are currently in circulation, representing 40% of the total supply. The remaining 60 million tokens are allocated for various purposes, including team reserves, ecosystem development, and strategic partnerships.

2. Token Allocation

The allocation of Autonolas (OLAS) tokens is designed to foster long-term growth and community engagement:

• Private Sale (20%): 20 million tokens were sold to early investors during the private sale, providing essential funding for project development and market adoption.
• Team and Advisors (15%): 15 million tokens are allocated to the core team and advisors, reflecting their commitment to the project's success and long-term vision.
• Ecosystem Development (30%): 30 million tokens are designated for ecosystem growth initiatives, including community-driven projects, developer grants, and strategic partnerships.
• Foundation (15%): 15 million tokens are held by the Autonolas Foundation, a non-profit organization dedicated to supporting the project's mission and fostering its global impact.
• Community Reserve (10%): 10 million tokens are reserved for community initiatives, such as airdrops, bounties, and rewards programs, fostering active community involvement and ecosystem growth.

3. Token Burn

A unique feature of Autonolas (OLAS) tokenomics is the implementation of a token burn mechanism. This involves periodically removing a defined number of tokens from circulation, effectively reducing the total supply and increasing the scarcity of remaining tokens.

4. Transaction Fees and Redistribution

Transaction fees incurred during OLAS token transactions are distributed as follows:

• Ecosystem Development (50%): 50% of transaction fees are allocated to ecosystem development initiatives, ensuring continuous growth and innovation within the Autonolas ecosystem.
• Staking Rewards (25%): 25% of transaction fees are distributed as rewards to token holders who stake their OLAS, incentivizing participation and long-term commitment to the project.
• Community Initiatives (15%): 15% of transaction fees are directed towards community initiatives, empowering community members to drive the project's future.
• Burning (10%): 10% of transaction fees are used for token burns, reducing the total supply and enhancing token scarcity.

5. Use Cases and Value Proposition

OLAS tokens serve multiple use cases within the Autonolas ecosystem:

• Governance: OLAS holders can participate in decentralized governance by voting on proposals and influencing the project's roadmap and development.
• Staking Rewards: Staking OLAS tokens enables holders to earn staking rewards, creating a passive income stream and incentivizing long-term involvement.
• Payment Gateway: OLAS tokens can be used as a means of payment within the Autonolas ecosystem, allowing users to purchase products and services or access premium features.
• Asset Management: OLAS tokens can be utilized for asset management and portfolio diversification, offering exposure to the growing blockchain industry.