The ALTI Token
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Utility & Staking
The ALTI token will be the protocol's governance token. The governance system will use a weighted voting system in which the amount of ALTI tokens held determines voting power. Both vested and unvested tokens will have voting power.
ALTI holders will be able to vote on changes to the protocol, including:
Changing the performance fee
Deploying new yield farm strategies
Deploying new lending strategies
Non Transferability
The ALTI token will be deployed as non-transferable.
Supply Information
The ALTI token will be an ERC20 utility token. The supply of ALTI is capped at 1,000,000,000 (1 billion).
The ALTI token will be deployed by Altitude Labs Limited. The address will be published here after the token has been deployed.
Current Distribution
As of September 2024, the ALTI allocation is as follows:
Altitude Foundation: 5.0% (no lockup, no vesting)
Early Rewards program: 5.0% (no lockup, no vesting)
Pre-seed investors: 11.4% (6 months lockup, then 30 months linear vesting)
Seed investors: 10.6% (6 months lockup, then 30 months linear vesting)
Founders, team, advisors: 27.0% (at least 6 months lockup, then at least 30 months linear vesting)
Unallocated: 40.9%