Token Utility
Last updated
Last updated
The ALTERIUM PROTOCOL (ALT) token serves multiple utility functions within the Alterium ecosystem, making it an integral part of the platform. Built on the Binance Smart Chain, the ALT token aligns incentives among users, developers, and stakeholders while providing the economic fuel for the operation of the Alterium network.
Users on the Alterium network use ALT tokens to pay for transaction fees. This use-case provides an inherent demand for the ALT token and ensures the smooth operation of the network. The transaction fees are kept affordable to provide users with a cost-effective blockchain solution.
The Alterium ecosystem employs a reward system where participants earn ALT tokens for contributing to the network. These contributions could include validating transactions, maintaining the network's integrity, and participating in network governance.
ALT token holders can participate in the governance of the Alterium network. This involvement allows users to propose and vote on changes to the network, including alterations to transaction fees, reward distributions, and other network parameters. This governance feature helps democratize the network, giving users a say in its future direction.
Users can provide liquidity to the Alterium network by staking their ALT tokens in liquidity pools. In return, these liquidity providers earn a proportion of the transaction fees, creating an incentive for users to contribute liquidity to the platform.
An 8% transaction tax is applied to every buy and sell transaction involving ALT tokens. This tax helps support the network's long-term sustainability.
Token Details:
Contract Address: 0x85F69fB29aaAb323CB699516E8b0cF123DaedE5c
Decimals: 9
Token Name: ALTERIUM PROTOCOL
Symbol: ALT
By creating a range of uses for the ALT token within the Alterium ecosystem, the platform ensures a robust and self-sustaining economy. As the network grows and evolves, ALT token holders can look forward to additional utility and value appreciation.
