AKU Token

AKU is the platform's utility and governance token. Holding the token unlocks a variety of benefits.

Token Information

AKU Token Address

Buying AKU

Steps to purchase AKU can be found on the Buy page.

Staking AKU

Staked AKU receives three types of rewards:

  • Escrowed AKU

  • Multiplier Points

  • MATIC Rewards

For more information on Escrowed AKU and Multiplier Points please see the Rewards page.

The MATIC Rewards are from swap and leverage trading fees, if you are staking on Polygon you will recieve MATIC.

AKU can be staked using the Earn page.

Staked AKU Token Address

After staking AKU you will receive a Staked AKU token. Note that the balance for this token will return your total staked amount including any esAKU tokens and Multiplier Points.

Treasury

The AKU treasury is accumulated from the following:

  • Fees from the AKU/MATIC protocol-owned liquidity

  • 25% of Akuda exchange fees

  • AKU sell tax (7%)

The current treasury is held in multiple contracts, these will be gradually consolidated into a single contract:

Contracts holding the protocol-owned liquidity in the form of Uniswap V3 NFT LP tokens:

If required, the treasury may be used to pay for issues submitted through the Bug Bounty.

AKU Token Supply

The supply of GMX can be viewed on the Dashboard.

The increase in circulating supply will vary depending on the number of tokens that get vested.

The forecasted max supply is 30 thousand AKU tokens. Minting beyond this max supply will only occur if there is a requirement for it. This requirement must be voted on and approved by AKU governance before it would be permitted.

Supply allocation:

  • 6 million GMX: XVIX and Gambit migration. GMX was formed by a merger of the XVIX and Gambit communities.

  • 2 million GMX: Paired with ETH for liquidity on Uniswap.

  • 2 million GMX: Reserved for vesting of Escrowed GMX tokens.

  • 2 million GMX: For the floor price fund.

  • 1 million GMX: To be used for integration incentives and community developers.

  • 250,000 GMX: Distributed to contributors linearly over 2 years.

The supply in the dashboard is calculated based on the total minted GMX tokens minus the tokens in vesting and bonding contracts:

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