AKITA Tokens

Akita Finance is a fair launch project with no pre-sale, no investor, and no pre-mine. Similar to many fair launch projects, we will reward various participants that help bootstrap our ecosystem. This will be the only way to earn AKITA tokens.

❓ What is AKITA token used for?

Governance

We will soon launch a governance vault that allows community members to stake their AKITA tokens; stakers will receive xAKITA where 1 xAKITA = 1 vote, allowing them to decide on key governance decisions.

In the initial phase, governance decisions will be made on Snapshot

Capture Economic Benefits of Platform

We will let the community decide how they want the economic incentives to be captured by AKITA token — for example, it could be similar to Sushiswap where x% of fees generated go to perform token buyback

Note: at launch, 10% of borrower’s interest will be stored in Akitas treasury wallet. Later, the community will decide on its use."

🎁Fair Launch Token Distribution

AKITA will be released over a two years with a decaying emission schedule. In total, there will be 21 million AKITA. To incentivize early adopters, there will be a bonus period for the first two weeks.

Below is our planned block reward schedule. Based on it, the circulating supply profile of AKITA can be plotted.

Please note that the inflation rate drops off dramatically after the initial periods. In fact, the inflation rate will fall under 5% after 8 periods.

💧 Development Fund

5% of the distributed tokens will go to funding development and expanding the team, and will be subject to the same two year vesting as the tokens from the Fair Launch Distribution.