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Read more about $ASCN and our tokenomics.
$ASCN will be the native utility and governance token of AlphaScan on Arbitrum. The maximum supply is 50M tokens. which cannot be updated in the future. As of end of August 2023, 50M of tokens have been burnt.
Only public sale tokens and initial liquidity was unlocked at TGE. All other tokens were put into locked vesting contracts. The initial lock mechanism is shown below.
Buybacks and Additional Burns
A significant portion of the platform revenue is used to boost the tokenomics. Right now, we use 50% of all revenue to buy back tokens and burn them.
The contract address for $ASCN on arbitrum is 0x1B8d516E2146D7a32Aca0FcBf9482db85fD42c3a.
The pair address of the ASCN/WETH pair on arbitrum is 0x121a4e93a6ea443a7e522F72443770190266B9F9.