What is the issuance and circulation of Altura (ALU) coins?

ALU's initial token distribution allocated 60% to the ICO sale, with a circulating supply that has gradually increased as team and ecosystem fund tokens are released, currently standing at approximately 260 million ALU.

Dec 04, 2024 at 06:35 am

Understanding Altura (ALU) Coin Issuance and Circulation

1. Initial Coin Offering (ICO)

Altura conducted an ICO in 2018, raising approximately $15 million.
The ICO sale offered ALU tokens at a price of $0.05 each.
The ICO distributed a total of 300 million ALU tokens, representing 60% of the total supply.

2. Token Distribution

The initial token distribution was as follows:
- 60% (300 million ALU): ICO sale
- 20% (100 million ALU): Team and advisors
- 10% (50 million ALU): Ecosystem development fund
- 10% (50 million ALU): Reserved for future issuance

3. Token Release Schedule

The team tokens were released over a 4-year period, with 25% released each year.
The ecosystem fund tokens were released gradually over a 3-year period.

4. Circulating Supply

The circulating supply of ALU tokens has gradually increased over time, as more tokens are released from the team and ecosystem fund holdings.
As of 2023, the circulating supply is approximately 260 million ALU.

5. Total Supply

The total supply of ALU coins is 500 million, with the remaining 240 million tokens still reserved for future issuance.
These reserved tokens may be used for various purposes, such as further ecosystem development, staking rewards, or strategic partnerships.

6. Token Economics

Altura designed its token economics to incentivize long-term adoption and participation in the Altura ecosystem.
The platform offers staking rewards to token holders who lock their ALU tokens for a specified period, providing both passive income and network security.
Additionally, ALU tokens are used for transaction fees on the Altura blockchain, further increasing their utility and value.

7. Staking Rewards

Users who stake their ALU tokens earn rewards for contributing to the network's security and stability.
Staking rewards are distributed every block and are calculated based on the number of staked tokens, the duration of staking, and the network's block production rate.

8. Transaction Fees

Altura uses a transaction fee mechanism to incentivize network participants and cover operational costs.
Transaction fees are paid in ALU tokens and vary depending on the transaction type and complexity.
Higher fees result in faster transaction processing times and prioritize transactions in the mempool.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ORBR

$0.1154

62.77%

Trade Now
REX

$0.0317

36.11%

Trade Now
VIRTUAL

$1.6664

27.67%

Trade Now
BEAM

$0.0091

24.77%

Trade Now
OSAK

$0.0...01310

23.35%

Trade Now
AKT

$1.7008

21.15%

Trade Now

Latest Crypto News

SUI Price Prediction—Will it Reach $10 in 2025?
2025-05-01 20:25:12
Cryptocurrency market capitalization increased in the past 24 hours as markets reassessed the likelihood of a rate cut by the Fed
2025-05-01 20:25:12
Binance De-Listing ALPACA Crypto – What Are The Accusations?
2025-05-01 20:20:12
Whale Activity Fuels Cardano (ADA) Price Despite Stretched Resistance Levels
2025-05-01 20:20:12
Four Crypto Tokens That Could Explode This May
2025-05-01 20:15:12
Metaplanet — a Japanese company focused on accumulating Bitcoin — announced it will launch a United States-based subsidiary.
2025-05-01 20:15:12

Related knowledge

Is BSV worth holding for a long time? Which is more suitable, fixed investment or one-time purchase?

Apr 30,2025 at 08:39pm

Is BSV worth holding for a long time? Which is more suitable, fixed investment or one-time purchase? Bitcoin SV (BSV) has been a topic of interest and debate within the cryptocurrency community since its inception. Stemming from a hard fork of Bitcoin Cash (BCH), BSV aims to fulfill the original vision of Bitcoin as outlined by Satoshi Nakamoto, focusin...

What are the BSV short-term trading skills? How to use technical indicators to improve the winning rate?

May 01,2025 at 08:15am

In the world of cryptocurrency trading, Bitcoin SV (BSV) has garnered attention due to its unique characteristics and potential for short-term trading. To enhance your trading skills and increase your winning rate, understanding and utilizing technical indicators is crucial. This article will delve into the essential BSV short-term trading skills and ho...

Is BSV OTC reliable? How to avoid fraud in OTC transactions?

Apr 30,2025 at 09:57pm

Is BSV OTC reliable? How to avoid fraud in OTC transactions? When it comes to trading cryptocurrencies, particularly Bitcoin SV (BSV), over-the-counter (OTC) markets offer a platform for large volume trades away from traditional exchanges. However, the reliability of BSV OTC markets and the risk of fraud are concerns that many traders face. This article...

What are the BSV selling strategies? How to set reasonable stop-profit and stop-loss points?

May 01,2025 at 08:14am

In the world of cryptocurrencies, Bitcoin SV (BSV) has emerged as a notable digital asset that many traders and investors are keen to engage with. Understanding the right selling strategies for BSV, along with setting appropriate stop-profit and stop-loss points, is crucial for maximizing returns and minimizing risks. This article delves into these aspe...

How to store BSV safely? How to avoid the risk of wallet theft when trading?

May 01,2025 at 08:21am

Storing Bitcoin SV (BSV) safely and avoiding wallet theft when trading are crucial aspects of managing your cryptocurrency. This article will provide detailed guidance on securing your BSV and protecting yourself from potential theft during trading activities. Understanding BSV and Its ImportanceBitcoin SV (BSV) is a cryptocurrency that emerged from a h...

How to track the addresses of Walrus (WAL) big holders? What is the reference value of their movements?

Apr 30,2025 at 09:49pm

How to Track the Addresses of Walrus (WAL) Big Holders? What is the Reference Value of Their Movements?Tracking the addresses of big holders, or 'whales,' in the cryptocurrency ecosystem can provide valuable insights into market trends and potential price movements. For Walrus (WAL), a lesser-known cryptocurrency, understanding how to monitor these sign...