AGA Tokenomics Breakdown

Updated after November 2020 burn.

Here is a deeper dive;

(10,900,000) 6,000,0000 LIMITED supply AGA Tokens

Since we burned a total of 4,900,000 tokens this number is actually 6,000,000 AGA now. AGA is non-mintable, you can verify that on Etherscan (https://etherscan.io/address/0x2D80f5F5328FdcB6ECeb7Cacf5DD8AEDaEC94e20) so no more tokens will be made.

Circulating supply +900,000 distributed in pre-sale

Circulating supply +1,000,000 distributed via Uniswap Pool and Staking Rewards in 2020

Allocation of AGA to Uniswap pools varies with price, at the time of writing there are 120,000 AGA in Uniswap pools, and we will continue to add liquidity. We paid first rewards on August 15. Through 2020 and 2021 will draw down from this allocation of 1,000,000 AGA to pay rewards and other expenses required to keep to community happy. Draw down will be offset by mining rewards, which will continuously replenish this supply. Since these funds are in a hot wallet and available, we should add them to circulating supply calculations.

Circulating Supply +1,000,000 already sold in a WAVES private sale, locked till 1/1/2021

We executed a limited AGA Token test on WAVES over the last two years, sold 1,000,000 AGA to a small group (14) of family and friends that funded the original mining build out — land, structure, power upgrades, infrastructure upgrades, and few initial miners. We learned that a small reach of WAVES limited any trading — there was no point for an exchange so my sister could trade with my father — they didn’t even login and AGA Tokens just sat there. Therefore, we decided to move to Ethereum and Uniswap — platform with much broader reach. In 2021 1,000,000 WAVES AGA Tokens will be converted to 1,000,000 ERC20 AGA Tokens (1:1) and distributed at a rate of 250,000 AGA per quarter.

2,600,000 AGA Tokens reserved for mining expansion in 2022 and beyond

500,000 Founder’s Reward, reduced from 1,000,000

Locked till 1/1/2022–2026 over a 4 year vesting period

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store