Token Economy Details
Why Atlas Token was needed?Atlas Space is a platform where the concept of open metaverse is fully realized and becoming more widespread day by day. As we mentioned before, unlike many other metaverse platforms, it is a metaverse that creates real value both in B2B and public usage and continues to develop. Just like all currencies that are created due to the need for money in activities such as trade and banking in the real world, there was also a need for a currency for many applications and implementations across the Atlas Space ecosystem.
We created the ATLS in Atlas Space, where the risks of high inflation and high volatility are minimized.
Economic Design of Atlas Token
A total of 1,000,000,000 tokens have been created, and total circulation will be completed in 10 years. Initially, 180,000,000 ATLS will be in circulation on the market.
ATLS is a cryptocurrency designed by experienced professionals in the field, with a focus on avoiding fraudulent investment schemes or manipulative price inflation tactics. The team prioritized creating a more robust token economy that would present a stronger and more reliable appearance compared to previous iterations.
A token economy has been designed that will give investors confidence in the team's controlled tokens and will not allow early large or small investors to create high volatility. For this reason, the name METANOMY was chosen specifically for ATLAS SPACE.
Token Deflationary Structure Study and Burning Mechanism
ATLS token inflation is spread over a 10-year period. Monthly token inflation is planned to be an average of 1.3%. The normal average monthly token inflation is 2.5%. However, the deflationary structure created provides a 50% absorption over inflation.
Access to all Atlas Space services is only possible with ATLS tokens. As the ecosystem's user base grows, usage of the services will also increase. To create a linear deflationary structure, 50% of the tokens used to purchase services will be burned. The remaining 50% will be transferred to a liquidity wallet to be used when necessary, as the liquidity will have decreased.