📈AEX Tokenomics

$AEX -ERC20 utlity token of the Ascent Exchange Protocol

$AEXemissions currently have two key objectives:

• Reach and maintain adequate liquidity to facilitate optimal trading conditions — $AEX are emitted as farming rewards to incentivize deep liquidity

• Encourage decentralized governance — $AEX can be used to take part in the governance for the continuous development of the platform. The long-term goal is to achieve true decentralization.

veAEX — ERC-721 governance token in the form of an NFT (non-fungible token)

veAEX is the vote-escrowed version of $AEX. Users can lock their $AEX tokens for up to 2 years to get veAEX. The longer the lock, the higher the amount of veTHE voting power received.

To encourage continuous locking and sustained participation from stakeholders, the veAEX balance of users declines over time until it reaches zero at the conclusion of the initial locking period. veAEX positions can be increased, split up and resold on a secondary market.

Initial Supply and AEX Emissions Distribution

Token Generation Event Buyers at launch will share a pool of 11,000,000 AEX.

Initial LP 5,000,000 AEX will be paired with ZEN and USDC to fund the initial on-chain liquidity.

Ecosystem Funds 25,000,000 AEX is reserved for the Ecosystem Fund to build out Ascent Exchange. These tokens can be used for things like business development, gauge creation, marketing, ambassadors, and much more.

Allocation for Protocols on Horizen Eon and other Blockchains 20,000,000 AEX is reserved as an airdrop to high-quality protocols & projects on the Eon Blockchain or other Chains intending to move to Eon. The $AEX will be given as veAEX locked for 2 years to provide the recipient's incentive to vote and bribe for their gauges to obtain AEX emissions, kickstarting the flywheel process.

Team The Founding Ascent team is allocated 19,000,000 AEX tokens split between unlocked AEX, vested AEX, and veAEX locked for 2 years.

veAEX User Airdrop 15,000,000 AEX, in addition to the protocol airdrops, their users are eligible to receive AEX and veAEX tokens to promote long-term stability and quickly grow the Ascent Exchange user base.

Each protocol will submit its community members' addresses for the airdrop. 70% will be given to the members as veAEX and 30% will be claimable linearly over 4 weeks.

Influencer Program Attention is everything in the Defi sector. 5,000,000 AEX split between 75% veAEX and 25% claimable AEX is reserved for media and KOL figures. These media figures should write and promote Ascent Exchange to their best abilities.

AEX Emissions

Starting Emissions: 3,000,000 Weekly

Max AEX Supply: ~299,999,999

Emission decay 1.5% weekly

Dev allocation: 10%

LP Emissions: 60%

veAEX Rebase: 30%

View the weekly emissions schedule here: https://docs.google.com/spreadsheets/d/1E839tYjF5k2AikK5SAXxo0ZfMQZqJaqmQC4yWF0_5gI/edit?usp=sharing