Tokenomics refers to the economic system and mechanics behind a cryptocurrency or blockchain token. It encompasses the various ways in which a token is distributed, used, and valued within a blockchain ecosystem. Tokenomics plays a crucial role in defining the token's utility, value proposition, and its overall function within the network.
There are a total of 50,000,000,000 ELMT-P tokens with a halving that occurs each year. Distribution began on March 17, 2023 and will continue as follows:
- Year 1: 25,000,000,000 tokens (50% distributed)
- Year 2: 12,500,000,000 tokens (75% distributed)
- Year 3: 6,250,000,000 tokens (87% distributed)
- Year 4: 3,125,000,000 tokens (93% distributed)
- Year 5: 1,562,500,000 tokens (96% distributed)
- And so on until all tokens are distributed
Tokens are distributed every day throughout the year to those who operate Element nodes. The distribution of tokens will be determined based on the total number of action points earned from participating in the specified activities.
Disclaimer: ELMT-P digital reward is a digital reward distributed through the Element United node network according to predetermined smart contracts. ELMT-P digital reward is designed to have utility on the Element United platform for the purchase of Element United products and services, although other cryptocurrencies may be used as well. ELMT-P digital reward is not available for purchase from Element United. ELMT-P digital reward is not an investment product and may never have any value. Element United node owners should not expect to recognize any value from ELMT-P digital reward other than its utility with Element United. Although Element United plans to undertake efforts to become a successful business, it is highly likely that ELMT-P digital reward’s value will not correlate with the success or failure of Element United.