Info for Token Burners

Information for those who burned the tokens of other project to earn AGF tokens in exchange

Please note that the token burning program was finished on 31/05/2021.โ€Œ

How many AGF tokens do I stand to receive?

The initial price of AGF will be set based on the total value of all the burned tokens from other projects. A total of 1,000,000 AGF (1% of total supply) has been allocated for token burners to claim and will be released over 6 months, after the protocol launch.โ€Œ

Example:โ€Œ

  • The total value of all the burned tokens of other projects is $10,000,000.

  • The price of AGF is set at: Total value of all the burned tokens of another project divided by the amount of AGF allocated for token burners = $10,000,000/1,000,000 AGF = $10 per 1 AGF.

  • A user who burned the equivalent of $10,000 worth of tokens from another project, gets: $10,000/$10 in AGF = 1,000 AGF.

  • The user is able claim his AGF tokens in parts each day or in full in 6 months.