Tokenomics

Introducing AVAF

AVAF is the governance token of the Avalon Finance. It adopts a ES token model. The main purpose of the AVAF tokens is to incentivize the usage of the protocol and liquidity providers.

Supply of AVAF

The increase in circulating supply will vary depending on the number of tokens that get vested, and the amount of tokens used for marketing / partnerships. The forecasted max supply is 1 billion AVAF tokens. Minting beyond the max supply of 1 billion is controlled by a 28 day timelock. This option will only be used if more products are launched and liquidity mining is required, a governance vote will be conducted before any changes. The composition of AVAF is listed as follow:

	Supply
Seed Round	5.5%
Private Round	3%
Public Round	2%
Initial Liquidity	5%
Advisor	4.5%
Team	10%
Ecosystem and Treasury	10%
Community Incentive	40%
Airdrop	TBD
Total	100%

Staking AVAF

Staked AVAF receives three types of rewards:

1. Escrowed AVAF

2. Multiplier Points

3. Protocol Fees