Trade-to-Mine (ToM):
40% of the total supply of AT will be used to reward members who trade on our exchange platform via the "Trade-to-Mine" (ToM) mechanism. Drawing inspirations from the Bitcoin mining model, we have adopted a similar inflation model for AT. In particular, the ToM mechanism includes two steps, i.e., "release" and "distribution".
Release
The release of AT follows a half-life decay pattern. There are 6 half-life periods in total with each period being 120 days (roughly 4 months). We will release half of the total supply of AT in the first 120 days. The number of AT to be released in the following half-life period will be halved, and so on. Please see details of AT release schedule below.
Period Start and End Dates Amount of AT to Be Released As % of the Total Supply
1 1st – 120th day 42,000,000 20%
2 121st-240th day 21,000,000 10%
3 241st–360th day 10,500,000 5%
4 361st-480th day 5,250,000 2.5%
5 481st-600th day 2,625,000 1.25%
6 601st-720th day 2,625,000 1.25%
Total 84,000,000 40%
Within each half-life period, one "block" will be generated every 6 hours. The same number of AT will be released for every block inside the same half-life period. For example, the number of AT to be released for one block in the 1st half-life period is calculated as follows:
The total number of AT in the 1st half-life period: 42,000,000;
The number of days in the 1st half-life period: 120 days;
One block will be generated every 6 hours;
The number of blocks to be generated every day: 24 hours / 6 hours = 4;
Therefore, the number of AT to be released for one block in the 1st half-life period: 42,000,000/120 / (24 hours / 6 hours) = 87,500.
Distribution
We will distribute AT released in a block to members per the percentage of their trading fees within that block.
If it so happens that there are no members eligible for the rewards in a certain block, the released AT assigned to this block will be distributed in the next block
