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[AIR-3][AIS-3][BPC-3][RES-3]

Anya Governance Token (AGT)

Table of Contents

[AIS-3][BPC-3][DAO-3]

Overview

The Anya Governance Token (AGT) is the core utility and governance token of the Anya DAO platform, enabling participation in protocol governance and ecosystem incentives.

Token Economics

  • Total Supply: 21,000,000,000 AGT (Fixed)
  • Initial Block Reward: 10,000 AGT
  • Emission Schedule: Adaptive Bitcoin-inspired halving mechanism
  • Minimum halving interval: 105,000 blocks
  • Halving controlled by governance parameters

Token Distribution

The AGT token is distributed according to the following model:

  • 40% Protocol Treasury (8.4B AGT)
  • 20% Strategic Reserves (BIP-341 compliant)
  • 20% Ecosystem Development (DAO-4 managed)
  • 30% Liquidity Provision (6.3B AGT)
  • 20% Initial DEX Liquidity (Taproot-enabled)
  • 10% Ongoing Liquidity Mining (BIP-174 PSBT)
  • 15% Team & Development (3.15B AGT)
  • 5-year vesting with 2-year cliff
  • Performance milestones (BPC-3 verified)
  • 10% Community Incentives (2.1B AGT)
  • Governance participation rewards
  • Protocol usage incentives
  • 5% Strategic Partners (1.05B AGT)
  • 3-year vesting schedule

Bitcoin-Style Tokenomics

Issuance Model

The AGT token follows a Bitcoin-style issuance model:

  • Total Supply: 21 billion AGT (with 8 decimal places)
  • Initial Block Reward: 5,000 AGT per block (higher than Bitcoin)
  • Halving Interval: Every 210,000 blocks (~4 years with 10-minute blocks)
  • Halving Schedule:
  • First 210,000 blocks: 5,000 AGT per block
  • Next 210,000 blocks: 2,500 AGT per block
  • Next 210,000 blocks: 1,250 AGT per block
  • And so on...

Distribution Allocation

Each block reward is distributed strategically:

  • DEX Allocation: 35% (aligned with liquidity provision)
  • DAO/Community: 50% (aligned with governance needs)
  • Network Security Fund: 15% (enables protocol safety)

Developer Team Allocation

The team allocation is further distributed:

  • Top Performer: 30% of the team allocation
  • Base Distribution: 50% evenly split
  • Performance Bonus Pool: 20%

Token Utility

AGT tokens serve multiple functions within the ecosystem:

  1. Governance Rights: Vote on protocol decisions
  2. Proposal Creation: Submit governance proposals
  3. Protocol Fee Discounts: Reduced fees for token holders
  4. Staking Rewards: Earn rewards for protocol support
  5. Liquidity Mining: Earn tokens by providing liquidity

Token Contract Implementation

The AGT token is implemented as a standard-compliant token with additional governance functionality:

;; AGT token implementation (simplified)
(define-fungible-token agt 21000000000000000)

;; Check token balance
(define-read-only (get-balance (account principal))
  (ft-get-balance agt account)
)

;; Transfer tokens
(define-public (transfer (amount uint) (sender principal) (recipient principal))
  (ft-transfer? agt amount sender recipient)
)

;; Mint tokens (only callable by authorized minters)
(define-public (mint (amount uint) (recipient principal))
  (begin
    (asserts! (is-authorized-minter tx-sender) (err u100))
    (ft-mint? agt amount recipient)
  )
)

Tokenomics Parameters

Parameter Value Description
Total Supply 21,000,000,000 AGT Maximum supply cap
Initial Block Reward 5,000 AGT Block reward with 8 decimal places
Halving Interval 210,000 blocks ~4 years with 10-minute blocks
DEX Allocation 35% Percentage of block rewards allocated to DEX
DAO Allocation 50% Percentage of block rewards allocated to DAO/community
Network Security Fund 15% Percentage allocated to security operations
DEX Fee 0.3% Trading fee percentage
Proposal Threshold 100 AGT Minimum tokens to submit a proposal
Voting Threshold 60% Percentage needed to pass a proposal
Quorum 30% Minimum participation required

Last updated: 2025-02-24

See Also