Alita.Finance
  • Tutorial Videos
    • How to connect Metamask to Alita.finance (Chrome/iOs)
    • How to connect TrustWallet to Alita.finance (Chrome/iOs)
    • How to swap BEP-20 tokens on AlitaSwap
    • How to stake and unstake ALI
  • ALITA.FINANCE INTRO
  • General FAQs
    • How to use the ROI calculator
  • Smart Contracts
  • Roadmap
    • Recent News & Accomplishments
  • Security
  • Community & Social Channels
  • Tokenomics
    • ALITA (ALI)
    • Token Burn
    • ALI Use Cases
  • Premier Partner Program
  • OUR PRODUCTS
    • Initial Setups
      • Connect to Alita and use Alita Swap function with Trust Wallet (IOS)
      • How to add BSC Chain to your Wallets
        • Add BSC Chain to Metamask
        • Add BSC Chain to Trust Wallet
      • How to add ALI and USDT token to your Wallets
        • Add ALI and USDT token to Metamask
    • Exchange
      • Swap fee
      • How to trade on Alita
      • Adding Liquidity & Liquidity Pools
    • Yield Farming
      • Quick Farm
      • Start farming using LP tokens
      • How to Unstake from Farms
    • Staking Pools
    • Share-to-Earn Program
    • AlitaSwap Info & Analytics
    • ALI Stats
    • Lottery
    • Prediction
    • Lending & Borrowing
    • Yield Farming Aggregator
    • NFT Gaming Launchpad
    • NFT Game Portal
    • IDO (Initial DEX Offering) Platform
    • Voting
Powered by GitBook
On this page

Was this helpful?

  1. Tokenomics

Token Burn

PreviousALITA (ALI)NextALI Use Cases

Last updated 3 years ago

Was this helpful?

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.

https://bscscan.com/tx/0x8f0afa51fe707e72087d4ec3f8ab94814519d71e20e32ae44f826aa322c0d76e