🪙Tokenomics

Please be informed that the team is currently designing new tokenomics — awaited Q2 2024. Until the further notice, tokenomics will operate as described below.

Tokenomics

The Algebra Tokenomics is deflationary. The protocol receives fees from Algebra V3 DEXs. Fees are volume-dependent, collected on a weekly basis and distributed in the following way:

• 30% is allocated to operational needs;

• 70% is dedicated to buyback $ALGB and burn (track on Dune).

The $ALGB token

Algebra’s token is an ERC-20 token created on the Polygon network.

Contract address: 0x0169eC1f8f639B32Eec6D923e24C2A2ff45B9DD6

BNB wrap address: 0xe374116f490b461764e2438f98eab3fff383367b

Arbitrum wrap address: 0x9F018bDA8f6B507a0C9e6f290B2F7c49C2F8daf8

Name: Algebra

Ticker: ALGB

Total supply: 728,528,894 ALGB

Circulation supply: 378,391,718 ALGB

Decimals: 18

Token is listed on QuickSwap and MEXC

Wrapped token is listed on THENA (BNB) and Camelot (Arbitrum)

Trading Pairs:

$ALGB / $WMATIC pair on QuickSwap

$ALGB / $USDT pair on MEXC

$ETH / $ALGB pair on Camelot

$BNB / $ALGB pair on THENA

Bridge $ALGB (BNB, Polygon, Arbitrum) via Rubic (see our article)

Trade $ALGB with Rubic's cross-chain

Current Token Distribution

Category	Current Supply	Status
Treasury Fund	151,943,298	Unlocked
Ecosystem growth + Marketing	140,436,376	Unlocked
Team 1 + Team 2	50,000,000	75% unlocked, 25% after 4/28/2024
Advisory 1 Advisory 2	7,757,502	Unlocked
Staking V1	2,422,072	Finished
Staking V2	3,147,245	Finished
On market	372,822,401	Unlocked
Burnt	-21,471,106
Total	728,528,894

Tracking and Analytics

$ALGB on Dune Analytics

$ALGB on PolygonScan

$ALGB Arbitrum wrap on Arbiscan

$ALGB BNB wrap on BscScan

$ALGB on CoinMarketCap

$ALGB on CoinGecko

Please note that the provided social and trading links are subject to potential changes and external influences. In addition to our ongoing efforts to maintain the links' accuracy, we always recommend verifying links independently and staying updated on project news through reliable sources.