đĽTeam Allocation Burn Update
Back in December, we announced that we would burn half of the 12% team allocation of $A1X.
After further discussion, we have decided to go further.
We will now burn 100% of the team allocation.
Quick recap:
â˘120,000,000 $A1X (12% of supply) was allocated to the team
â˘Tokens began unlocking from January 2026 through to December 2028
â˘3,333,333 tokens unlock each month
Our plan is as follows:
20,000,000 $A1X (2% of supply) will be burned at the end of June.
Additional burns will then be conducted through to 2028 as tokens unlock. We will announce each burn publicly for transparency.
This is unlikely to be a monthly process. We will generally wait for meaningful amounts to accumulate before conducting further burns.
What this means in practice:
â˘Team allocation reduced from 12% to 0%
â˘Effective maximum supply becomes 880,000,000 $A1X
â˘No concerns about the team selling its allocation into the market
We believe the team should earn alongside the community by building successful products and growing adoption - not through a reserved token allocation; essentially taxing holders.
As a side note, we are still evaluating several options regarding buybacks. Discussions are ongoing and we'll make a separate announcement once a final approach has been agreed.
We remain committed to our community, our products, and the long-term success of $A1X.
More updates to come.