AllianceBlock Token Economics & Metrics

A (very) Brief Introduction to AllianceBlock

AllianceBlock is pioneering the bridge between traditional finance (TradFi) and decentralized Finance (DeFi) by building the first fully compliant and global decentralized capital market that is accessible to traditional institutions.

Our ecosystem streamlines securities issuance, validation and clearance while integrating a progressive regulatory and compliance framework in order to reduce costs and increase efficiency.

At the heart of AllianceBlock is The Prometheus Protocol; a comprehensive layer 2 architecture that facilitates cross-border capital market transactions in a completely regulated and compliant manner. It provides the framework to digitize all forms of assets in seamless compliance with the various jurisdictional regulations in effect.

The ALBT Token

The ALBT token is the backbone of the Prometheus Network ecosystem.

The Prometheus Network has been designed to increase the token’s inherent utility and value over time through a combination of token features such as rewards, ratings, and access, in addition to a deflationary token economics model with staking mechanisms, revenue-based token burns, and protocol-based token burns.

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In order to achieve high levels of intra-ecosystem liquidity and to ensure enhanced viability of Prometheus Network, the ALBT token fulfils the following functions:

  • Medium of Exchange
  • Means of Reward
  • Currency Reserve of Ecosystem Treasury Pool
  • Network Fees Payment
  • Data Access and Query Payment
  • Voting and Delegating of Voting Power
  • Staking
  • Network Participant Rating

By design the ALBT token fulfills a number of critical functions that ensure ongoing demand correlated to ecosystem growth. We believe that well designed token economics are essential to supporting actual utility of the token. Please stay tuned for an in-depth look at the ALBT token economics which we will be releasing in the near future.

Distribution of Tokens

The following chart highlights the distribution of ALBT tokens.

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AllianceBlock Token Metrics
  • Seed sale: 10% of tokens were sold in our seed sale in 2019. Seed tokens will unlock over the next year starting after 3 months post-TGE.
  • Private sale: 4% of tokens were sold in our recent strategic private sale. See this article for more details on the sale, including vesting of tokens.
  • Initial Liquidity: 1% of tokens will be used to provide initial liquidity to the market following our upcoming listing on both decentralized and centralized exchanges.
  • Team: 9% of tokens are reserved for the team, starting to unlock after a 2 year cliff.
  • Advisors: 6% of tokens are reserved for advisors, starting to unlock after a 1 year cliff.
  • Ecosystem, Treasury & Liquidity Mining: 45% of tokens are reserved to build out the AllianceBlock ecosystem. Connecting TradFi and DeFi via the Prometheus Protocol, which is run by the ALBT token. The Ecosystem tokens will be used to ensure this connection can be established as smoothly as possible. Ecosystem tokens are gradually unlocked at an increasing pace. The treasury serves as a potential future reserve to support long-term product development.
  • Nodes: 15% of tokens are reserved to seed some of the nodes that will serve to kick off the initial launch of the Prometheus Protocol and will thus unlock after the mainnet launch.
  • Partners: 5% of tokens are reserved to incentivize current and future valuable partners to partake in the AllianceBlock ecosystem. We aim to create a very strong network effect for AllianceBlock by bringing in some pivotal partners into the ecosystem early on, to encourage other parties to follow suit. Partner tokens will unlock gradually after a 1 year cliff.
  • AllianceBlock Fund: The AllianceBlock Fund (5%) is a community-driven fund that will allow our network participants to assign ALBT tokens to projects they deem deserving. This will enable our entire community to partake in our decentralized capital market collectively while helping us give back a little bit of the great support we have received from the community. AllianceBlock Fund tokens will unlock gradually after a 1 year cliff.

We hope that this overview gives a little more insight on how we are envisioning the ecosystem to develop. We strongly believe in correlating circulating supply with real-life token utility, which is why the majority of unlocks are scheduled to happen after the mainnet launch scheduled for the first half of 2021.

Thank you for your continued support and stay tuned for more information soon, as we will proceed to unveiling some of the key cornerstones of the AllianceBlock ecosystem soon.

Incubated by the famous accelerators Station F and L39 (the largest European Fintech incubator) and 2019 Alumni in the famous Kickstart Innovation Program in Zurich AllianceBlock was one of the 12 VC-vetted fintech startups generating buzz at the Money20/20 conference in Amsterdam.

Documentation:

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Bridging Traditional Finance and Decentralized Finance

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