Tokenomics
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Name
Altitude
Chain
Base
Starting Supply
210,000,000 ALTITUDE
Minting
No additional tokens can be minted
Altitude's deflationary nature means the total supply of the token reduces over time.
The majority of burned Altitude tokens are first bought from the market. This means burns are not only reducing supply, but also creating buy pressure before the tokens are removed from circulation.
Altitude's website tracks token burns using:
Tokens Burned = 210,000,000 - Current Total SupplyThis is based burned tokens reduce the token's total supply.
After year one, taxes were largely removed from the project.
A small 1% buy/sell tax is still applied to BaseSwap and OMNI DEX liquidity pool activity. This remains because, due to burned liquidity on those unsupported DEXes, it is the only way the project can earn anything from those pools.
Activity from other pools is tax free, including:
Uniswap
Aerodrome
Other current and future tax-free liquidity venues
Users should always check the current official information before trading, as routing can change between DEXes and aggregators.
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