Tokenomics
The Amates ecosystem revolves around two primary tokens: the $Fuel Token (FUEL) and the Governance Token ($Amate). These tokens are essential for driving the platform’s automation processes, ensuring a balanced economy, and enabling decentralized governance.
$Fuel Token (FUEL)
The $Fuel Token is the heart of the Amates ecosystem, powering all automation tasks on the platform. Each task requires a specific amount of Fuel, based on its complexity and demands. This token ensures efficient and cost-effective execution of automations, allowing users to manage their resources optimally.
Utility & Trading
The $Fuel Token can be traded on all supported blockchains. It can be minted and burned to maintain a balance between supply and demand, stabilizing its price and minimizing speculative volatility. The initial supply is set at 10 million tokens, with an unlimited total supply to support continuous platform use and growth. The starting price for the Fuel Token is $0.01.
Gas Stations Concept
Amates will initially operate its own gas station where users can purchase Fuel Tokens. Eventually, external vendors can apply to run their own stations, selling Fuel Tokens at a markup regulated by market competition. This setup ensures dynamic pricing, where vendors adjust their prices to remain competitive, offering users the best value.
Governance Token ($Amate)
The $Amate Token plays a crucial role in the Amates ecosystem, granting holders the ability to vote on important platform decisions and developments.
Minting & Burning
Similar to the Fuel Token, the $Amate Token features mint and burn functions to keep the tokenomics balanced and stabilize its value. The initial supply is 6 million tokens, with a total supply capped at 105 million. The token’s initial price is $0.25.
Distribution
The token distribution is designed to support long-term growth and platform stability:
- 15% for Airdrops: Used for community-building initiatives.
- 43% for Strategic Reserves: Reserved for future developments and partnerships.
- 22% for Team and Advisors: With a locking period of 6 months, distributed linearly over an additional 6 months to ensure long-term involvement and motivation.
- 20% for Investors: Ensuring the necessary funding for platform development and growth.
Empowering the Community to Shape the Future
Decentralized Governance
$Amate holders have the right to vote on key platform decisions, including the development of new features, fee adjustments, and the integration of new technologies. This fosters a decentralized governance structure, ensuring the community is actively involved in shaping the future of Amates.
Structured Allocation for Sustainable Growth and Development
Token Distribution Strategy
The token distribution strategy ensures that sufficient resources are available for development, marketing, and strategic initiatives while protecting the interests of the community and investors.
Long-term Vision
Amates aims to become the leading platform for Web3 automations by continuously integrating new features and technologies. The long-term vision includes:
- Expansion of NFT Robot Collections: Introducing new and unique NFT robot collections with limited editions to incentivize collecting and highlight the rarity of certain robots.
- Mergers and Upgrades: Future features may include merging robots to create more powerful units, unlocking new abilities, and increasing efficiency. Upgrades will also be available to enhance existing robots.
- Integration of New Technologies: Continuously incorporating advanced AI algorithms, machine learning, and new blockchain protocols to enhance platform functionality and security.
- Advanced Use Cases: Supporting more complex automation requirements, such as sophisticated trading strategies, DeFi protocol interactions, and multichain transactions.
Continous Research and Innovation
Amates is committed to staying at the forefront of Web3 development through ongoing research and innovation, including AI-driven optimization, user-friendly enhancements, strategic partnerships, and strong community engagement.
By combining innovative technologies, user-friendly design, and a deep understanding of user needs, Amates sets new standards in the realm of Web3 technologies, offering a comprehensive solution to the challenges and requirements of Web3 users, businesses, and developers.
