Token Burn

During our airdrop phase taking place in July 2021, a total of 5.000.000 ALI tokens were set aside as rewards to our CEX partners’ traders – 513.229 out of which were not claimed by their rightful owners in the allotted time period.

As our first step towards combating inflation, the Alita.Finance team has sent all these unclaimed ALI to our burn address.

Proof of burn:

Monthly ALI token burns

AlitaSwap currently charges a trading fee of 0.2% of each transaction value.

Our upcoming buyback and burn scheme provides that 0.03% (15%) will be taken from the monthly trading fees to repurchase and incinerate ALI tokens. The remainder of 0.17% (85%) will be given to liquidity providers.

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