# 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.&#x20;

As our first step towards combating inflation, the Alita.Finance team has sent all these unclaimed ALI to our burn address.&#x20;

![](/files/M5SmVDOd5Mlt8zwVJOlf)

Proof of burn: <https://bscscan.com/tx/0x8f0afa51fe707e72087d4ec3f8ab94814519d71e20e32ae44f826aa322c0d76e>

### 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.&#x20;


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