$ALL token
Buyback and burn
Platform fees buy back $ALL every day, and $ALL spent on WIT is burned every quarter.
Buyback from platform fees
From launch, 50% of platform fees are used to buy back $ALL on the open market every day. Usage of the platform therefore turns into steady demand for $ALL, whatever users paid with.
Burn of $ALL spent on WIT
When WIT is bought with $ALL, half of the $ALL paid goes to the Compute Treasury and the other half is burned at the end of each quarter. Stablecoin purchases pay for the AI they buy and are not burned.
| Paid in | What happens |
|---|---|
| USDC or USDT | Pays for the models and services the WIT is spent on |
| $ALL | Half to the Compute Treasury, half burned at the end of the quarter |
For example, at an $ALL price of $0.10, paying 1,000 $ALL buys 10,000 WIT: 500 $ALL goes to the Compute Treasury and 500 $ALL is burned at the end of the quarter.
Why it works this way
Buybacks tie demand for $ALL to real use of the platform, and burns remove $ALL from circulation. Because the supply is fixed and never increased, every burn reduces it permanently. Buybacks and burns are Ethereum transactions, so anyone can check them.