V2 Updated September 2021
AFN is AltaFin's native protocol token, currently issued on Ethereum following ERC-20 standard.
Token contract address: 0xe46f290cd59195a83e757891430d8d517d16b334
Blockchain Explorer: Etherscan
The AFN token is a utility token designed to facilitate community governance and incentivize the AltaFin platform.
|Token Name||Altafin Token|
|Founders||• 1,000,000,000 AFN Tokens (10%) • Founders launched the initial version of the AltaFin Protocol • Tokens are vested; see release schedule below.|
|Team and advisors||• 1,000,000,000 AFN Tokens (10%) • Team and advisors involved in the launch & execution of the AltaFin Protocol • Tokens are vested; see release schedule below.|
|ICO||• 2,000,000,000 AFN Tokens (20%) • Reserved for AltaFin ICO|
|Vault reserve||• 6,000,000,000 AFN Tokens (60%) • Reserved for AltaFin Bonus Interest payments, rewards, staking, and governance • Strategic market liquidity providers to maintain secondary markets for AFN|
The AltaFin Vault is a multi-sig vault address that stores the bulk of the AltaFin reserve tokens. These tokens will be transferred to the Treasury address from time to time to cover Earn saving contract interest payouts as well as future uses.
The AltaFin Treasury is used to store the ICO allocated tokens plus an additional buffer for Earn saving contract interest payouts. This is the main operational address for AltaFin tokens.