TechFlow News – On October 24, the privacy computing public blockchain PlatON's meta-network Alaya officially launched at 10:24 a.m. According to the announcement, the native token within the Alaya network is called ATP. ATP has no hard cap and consists of initial issuance and subsequent emissions. All ATP will be fully allocated to incentivize ecosystem participants, promoting the vibrant growth of the Alaya network ecosystem and community. ATP does not have an initial price and serves solely as a metric for distributed infrastructure and service calls within the Alaya network. The initial distribution of ATP excludes allocations to the founding team and private sale participants. Instead, it will be distributed according to predefined ratios to the ecosystem development fund, node incentive fund, community operations fund, and technical fund, with corresponding vesting mechanisms in place. Additionally, to protect vested account rights, locked ATP can be used for staking and delegation to validator nodes.
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