Allocation of $AUGU Tokens:

AUGUSTA FINANCE TOKENOMICS

A total of 45% of $AUGU tokens have been designated as rewards across various categories, with the bulk (62%) going to the ETH pool. This will be followed by the borrowing pool (33%), and the $AUGU liquidity pool gets the smallest share at 5%. These rewards will be vested over three years, with an initial distribution of 1.5% during the first month, followed by a gradual decrease of 1% every subsequent month.

The remaining allocation of $AUGU tokens includes 20% towards partnerships, promotion, and expansion. The Initial DEX Offering (IDO) will utilize 15% of the tokens. The treasury will be allocated 10% of the total, and a trigger mechanism will be set aside with 2%. Additionally, 3% will be used for airdrops, and a reserve established with a one-year vesting period will get 5%.

$AUGU Governance and Upcoming v2 Release:

The governance of the platform is through $AUGU tokens, which have a total supply of 100,000,000. When the platform was in its V1 stage, Augusta Finance assumed the role of a proxy for veVELO governance. However, with the upcoming V2 release, the power of governance will shift to $AUGU token holders, who will then have voting rights for veVELO, replacing Augusta Finance.

Staking Incentives:

In the V1 version, $AUGU stakeholders enjoyed dividend benefits. These included receiving 10% of the interest generated from lending and 10% of the earnings from veVELO, which was acquired by repurchasing $AUGU from the open market. With the launch of the V2, staking $AUGU will enable stakeholders to maintain these benefits and also gain the ability to influence veVELO’s decision-making process via their voting rights.

Stay updated to utilize the full benefits of $AUGU governance and staking incentives on the Augusta Finance platform! #Governance #Staking #VeVELO $AUGU