AliceNet ALCA Token Allocation
This is the second in a 3-part series written by Troy Salem, VP of Engineering of AliceNet and Matt Barlin, CTO of AliceNet.
As MAD is forked into Alice, the new vision of an open, generalized CA for the internet with many novel features (far) — we are allowing MAD token holders to convert their tokens into ALCA with a bonus.
The new tokenomics are as follows:
Total Supply: 1,000,000,000
Initial Circulating Supply: 466,444,444
Staking Rewards: 50%
Ecosystem Fund: 5%
Community/New investor pool/Team Incentives: 30%
Dev/Team Reward: 10%
Treasury: 5%
ALCA Address: 0xBb556b0eE2CBd89ed95DdEA881477723A3Aa8F8b
New ALCA tokens get minted on a schedule as nodes go live, which will be in Q2 2023. We will publish information on staking and nodes over the coming weeks.
As Alice goes live, our new backers, including Boldstart.vc, are purchasing 73,333,333 ALCA tokens to fund the development of the mission. Boldstart has also invested in Valence.xyz — a commercial entity that builds software in the digital asset space utilizing the provable identity/PKI infrastructure Alice provides. We will be releasing much more information on this partnership and the work happening in the coming weeks.
Based on the above tokenomics, that creates a pool of 122,222,222 tokens for staking rewards. This initial mint of staking rewards is going to MAD token holders who participate in migrating their tokens from MAD to ALCA. For every 1 MAD, you will receive 1.55555555556 ALCA.
The price of ALCA will be pro-rata that of what the MAD price is in the AMM’s — in order to reduce any gaming of this migration system.
