Armeni Tokenomics
Empowering the Future of ReFit
Welcome to the heart of ReFit—our governance token, $Armeni. Built on decentralization and community involvement, Armeni is designed to reward those who believe in the project and support its growth. This page explains the vision behind $Armeni, its tokenomics, and how the community benefits from holding and participating.
Token Supply & Ownership:
Total Supply: 999,941,692.85 $ARMENI
Team Tokens: 0 — There are no pre-allocated team tokens; this is a fully community-driven project.
Ownership: Ownership has been renounced, and all tokens have been released with no emission schedule. There are no VCs or private sales, and every $Armeni holder acquired tokens through open market purchases. This means the community owns 100% of the tokens, ensuring a fair and decentralized ownership structure.
Utility & Benefits:
$Armeni is more than just a governance token; it’s a gateway to true participation in shaping the future of decentralized electronics trade. Here’s how it works:
Governance:
Community Governance: Every $Armeni holder has a voice in the governance of ReFit. Decisions about treasury allocation, strategic partnerships, upgrades, and platform evolution will all be made collectively.
Voting Rights: Holders can vote on proposals, with voting power proportionate to their token holdings. This ensures that the community drives the future direction of ReFit.
Treasury & Ownership:
Community Vault: Every on-chain asset we create, like the decentralized profile systems and interactive experiences hosted on Bitcoin and other chains, are stored in the community vault. $Armeni holders have direct representation in these assets.
Treasury: A portion of all revenue generated from the ReFit platform (device trade-ins, unlock services, and reporting services) flows back into the treasury. Treasury funds are used for growth initiatives and community rewards, aligning incentives between the project and its supporters.
Rewards for Participation:
Early Adopter Benefits: To reward those who join us early, $Armeni offers exclusive perks for initial holders, including priority in platform developments and exclusive voting proposals.
On-going Usage Rewards: Users earn $Armeni through platform engagement—whether by trading in devices, unlocking phones, or using reporting services.
Volume-Based Incentives: High volume users—like wholesalers and bulk traders—are rewarded with tiered incentives, including reduced service fees and enhanced platform privileges.
Revenue & Deflation:
Revenue Sharing: $Armeni holders benefit from revenue-sharing mechanisms. As ReFit generates revenue from its services (trade-ins, unlocks, arbitrage opportunities), a portion of these earnings is shared with token holders.
Deflationary Dynamics: To create lasting value, part of the platform revenue is used for periodic token burns. This deflationary mechanism will reduce the supply of $Armeni over time, adding scarcity and value appreciation potential for long-term holders.
Additional Services:
Unlock Services & Reporting: We provide paid services such as device unlocks and reporting, which contribute to revenue. These revenues directly impact the treasury and thus benefit all token holders.
DeFi Integration for Trade-Ins: In the near future, we plan to create a decentralized finance (DeFi) layer, enabling users to lend, borrow, and transact using their devices as collateral—all while benefiting from reduced fees and incentives for active $Armeni holders.
Community Vault & Future Projects
Community Vault: All code, inscriptions, and assets will be stored in our community vault, meaning each $Armeni holder is effectively a part-owner. This initiative fosters a true sense of community ownership and aligns incentives with our mission.
Expanding Across Blockchains: Currently built on Solana, our vision is to expand to other ecosystems like SUI and Monad. Imagine community-owned, blockchain-hosted dynamic web pages—unstoppable, censorship-resistant applications where $Armeni is the key to governance and ownership.
On-Chain Assets & Ownership:
Bitcoin-based Profiles: We have created decentralized profiles entirely hosted on the Bitcoin blockchain, pushing boundaries in creating censorship-resistant, community-owned, and modular profiles. Each inscription and even the CSS/JavaScript files for visual representation are on-chain.
3D World Integration: The $Armeni 3D world is now playable. Most assets are stored directly on Bitcoin—ensuring a true, decentralized experience. All assets, including these early inscriptions, are stored in the community vault, symbolizing the tangible ownership that $Armeni represents.
Future Development:
Cross-Blockchain Growth: $Armeni will be used to fuel ReFit’s cross-chain ambitions—whether it’s hosting applications or creating trade ecosystems on Solana, SUI, or Monad.
Arbitrage & DeFi Bots: We're working on automating arbitrage and other profit-generating activities, with the profits cycling back into community initiatives and token value generation.
Summary of Benefits for Holders:
Governance & Voting: Influence the future direction of ReFit.
Revenue Share: Direct rewards from platform earnings.
On-Chain Asset Ownership: Partial ownership of all community vault assets.
Early Adopter & Participation Rewards: Be rewarded for supporting the protocol early.
Deflationary Mechanism: Reduced token supply over time creates value appreciation potential.
Join us, participate, and own a piece of the future of decentralized electronic trade-ins.
Want to get involved? Start by acquiring $Armeni and joining our growing community!
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