$ADEL Token Burn and Emission Update

Akropolis
Akropolis
Sep 7 · 3 min read
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High-level summary:

  • Burn 50% of ADEL supply — this won’t affect distributions to date

We distributed ADEL and the market has spoken. As of today, the total diluted value of $ADEL sits at a staggering ~$150M valuation with a token value of ~$2.40.

Recent events in the DeFi space have highlighted that a community governance token is only as strong as the community members and their willingness to support the project by holding the token.

Moreover, the current craze with yield farming appears to be winding down a bit (as shown by the recent marketwide sell-offs).

With this in mind, we believe that incentivizing long term growth via sustainable community rewards will reduce any sell-side pressure of ADEL and bring high-value contributors to our ecosystem. In this light, we will be improving our token model to maximize yield for our community members.

We believe that this lowered emission will incentivize better long term community growth versus short term gain for those migrating between protocols. We believe that there are minimal (if any cons) to this model, but please feel free to give feedback in our Discord. Information on the new model can be found below.

Decisions:

  • Burn 50% of the ADEL supply: new 30mn TTS vs. old 60mn TTS;

Motivation:

Watching the recent selloffs of LM tokens has made two things abundantly clear:

  • Specifically, to protect our community members from harmful dilution and the accompanying downside risk to token price;

Akropolis

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