Tokenomics

The ATEN token is the native ERC-20 cryptocurrency of the Athena Insurance platform. Key details include:

Name: Athena Token Symbol: ATEN Decimals: 18 Supply Type: Fixed Total Supply: 3,000,000,000 ATEN Current Network Deployment: Arbitrum

Governance and Staking

ATEN serves as the governance token for the Athena ecosystem. Token holders can:

• Stake their ATEN tokens with the DAO (Decentralized Autonomous Organization)

• Participate in revenue sharing based on their staked amount

• Vote on important protocol decisions, influencing the future direction of Athena

• Hedge DeFi turbulence through the buybacks funded by claim deductibles

By staking ATEN, users actively contribute to the platform's governance and can benefit from its success through revenue sharing. This model aligns the interests of token holders with the long-term growth and sustainability of the Athena Insurance protocol.

Token Burn

Holders of ATEN tokens benefit from a unique value-creation mechanism during periods of high claim activity. When cover claims are processed, a deductible is applied and used to buy back and burn ATEN tokens.

This process effectively increases demand for ATEN during challenging times in the DeFi space, such as during protocol exploits or asset depegs. As a result, simply holding ATEN can serve as a hedge against DeFi market turbulence, potentially preserving or increasing value for token holders when other DeFi assets may be struggling. This aligns the interests of ATEN holders with the overall health and resilience of the DeFi ecosystem.

Token Allocations

Token Allocations

Name	Percentage	Token Amount	Status	Description	Vesting
Presale	5%	150,000,000	Completed	Platform building and audit completion capital	5% at TGE, 12-month vesting after 2-month cliff
Strategic Partners / Strategic VCs	5%	150,000,000	Ongoing discussions	Reserved for partners providing initial liquidity during first 6 months	5% at TGE, No cliff, linear vesting over 18 months
LBP or Launchpool	10%	300,000,000	Planned	For raising additional capital through public token sale	Distributed over 3-month period with no cliff
Team	12%	360,000,000	8% allocated, 4% reserved	Designated for core team members who built Athena Ins	24-month vesting with 12 months cliff
Advisors / KOLs	3%	90,000,000	Ongoing	Reserved for strategic advisors and Key Opinion Leaders	18-month vesting with no cliff
Liquidity Incentives	42%	1,260,000,000	Planned	For incentivizing users through staking and rewards	Distributed over 60-month period
Treasury	13%	390,000,000	Reserved	Serves as reserve fund for Athena Ins DAO	180-months vesting
Liquidity	10%	300,000,000	Planned	Set aside to provide liquidity on decentralized exchanges	36-month vesting, 10% release at TGE