What is the token economics model of Alkimi (ADS)?

The Alkimi network utilizes its native ADS token to incentivize participants such as data providers, validators, and delegators, ensuring the reliability and growth of the blockchain-based data oracle network.

Dec 25, 2024 at 01:37 pm

Token Economics Model of Alkimi (ADS)

Alkimi is a decentralized data oracle network that provides real-world data to smart contracts on the blockchain. The ADS token is the native token of the Alkimi network and is used to incentivize data providers, validators, and delegators to participate in the network.

Key Points

• The ADS token has a maximum supply of 1 billion tokens.
• The ADS token is used to incentivize data providers, validators, and delegators to participate in the Alkimi network.
• The ADS token is used to pay for data requests on the Alkimi network.
• The ADS token is used to govern the Alkimi network.

Token Distribution

The ADS token distribution is as follows:

• 40% - Data providers
• 30% - Validators
• 20% - Delegators
• 10% - Team and advisors

Token Use Cases

The ADS token has the following use cases:

• Incentivizing data providers: Data providers are rewarded with ADS tokens for providing data to the Alkimi network. The more data a provider provides, the more ADS tokens they will earn.
• Incentivizing validators: Validators are rewarded with ADS tokens for validating data on the Alkimi network. The more data a validator validates, the more ADS tokens they will earn.
• Incentivizing delegators: Delegators are rewarded with ADS tokens for delegating their ADS tokens to validators. The more ADS tokens a delegator delegates, the more ADS tokens they will earn.
• Paying for data requests: Users can use ADS tokens to pay for data requests on the Alkimi network. The cost of a data request depends on the complexity of the request.
• Governance: ADS token holders can vote on proposals to change the Alkimi network. The more ADS tokens a holder has, the more voting power they will have.

FAQs

Q: What is the maximum supply of ADS tokens?
A: The maximum supply of ADS tokens is 1 billion tokens.

Q: How are ADS tokens distributed?
A: ADS tokens are distributed to data providers, validators, delegators, and the team and advisors.

Q: What are the use cases of ADS tokens?
A: ADS tokens are used to incentivize data providers, validators, and delegators, to pay for data requests, and to govern the Alkimi network.

Q: How can I earn ADS tokens?
A: You can earn ADS tokens by providing data, validating data, or delegating your ADS tokens to a validator.

Q: How can I use ADS tokens?
A: You can use ADS tokens to pay for data requests or to vote on proposals to change the Alkimi network.