V3 Updated March 2022
AltaFin AFN has been replaced with Alta Finance ALTA on a 1:1 swap.
ALTA is Alta Finance's native protocol token, currently issued on Ethereum, Polygon, and Solana following the ERC-20 standard.
The ALTA token is a utility token designed to facilitate community governance and build a community around bringing real world assets to crypto via the Alta Finance platform.
|Token Name||Alta Finance Token|
|Founders||• 1,200,000,000 ALTA Tokens (12%) • Founders launched the initial version of the Alta Finance Protocol • Tokens are vested; see release schedule below.|
|Team and advisors||• 800,000,000 ALTA Tokens (8%) • Team and advisors involved in the launch & execution of the AltaFin Protocol over initial 6 year period • Tokens are vested; see release schedule below.|
|Vault reserve||• 7,800,000,000 ALTA Tokens (78%) • Reserved for Alta Finance bonus interest payments, rewards, staking, defi protocol fees, strategic liquidity and governance • Strategic market liquidity providers to maintain secondary markets for ALTA|
|LP Incentives||• 200,000,000 ALTA Tokens (2%) for LP incentives|