# TOKENS

$ANT Token&#x20;

Contract :&#x20;

The ANT token is designed for use as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain ANT's peg of 1,000 ANT = 1 ETH.&#x20;

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Note that $ANT **actively pegs via an algorithm**, it **does not mean** it will be valued at 1,000 ANT: 1 ETH at all times as it is not collateralised. ANT is not to be confused with a cryptocurrency or fiat-backed stablecoin.
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### ANT SHARES - ASHARE

Contract :&#x20;

ANT Shares (ASHARE) are one of the ways to measure the value of the ANT Protocol and shareholder trust in its ability to maintain ANT close to peg. During epoch expansions the protocol mints ANT and distributes it proportionally to all ASHARE holders who have staked their tokens in the **Boardroom**.

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ASHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the ANT money ecosystem. ASHARE has a maximum total supply of 28000 tokens distributed as follows: Treasury/DAO Allocation: 2000 ASHARE vested linearly 12 months\* Team Allocation: 2000 ASHARE vested linearly over 12 months Rewards: 24000 ASHARE are allocated for incentivising Liquidity Providers in two shares pools for 12 months. Initial mint: 1 ASHARE minted upon contract creation for initial pool. The Dev team will use treasury funds in any way they feel is best for the long term success of the protocol.
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ANT BOND - ABOND

Contract :&#x20;

ANT Bonds (ABOND) main job is to help incentivise changes in ANT supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of ANT falls below 1,000:1 ETH, ABONDs are issued and can be bought with ANT at the current price. Exchanging ANT for ABOND burns ANT tokens, taking them out of circulation (deflation) and helping to get the price back up to peg. These ABOND can be redeemed for ANT when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for ANT when it is above peg, helping to push it back toward 1,000 ANT to 1 ETH ratio. Contrary to early algorithmic protocols, ABONDs do not have expiration dates. All holders are able to redeem their ABOND for ANT tokens as long as the Treasury has a positive ANT balance, which typically happens when the protocol is in epoch expansion periods.

BOARDROOM&#x20;

**Contract :**&#x20;

Epoch duration: 6 hours Deposits / Withdrawal of ASHARE into/from the Boardroom will lock ASHARE for 6 epochs and ANT rewards for 3 epochs. ANT rewards claim will lock staked ASHARE for 6 epochs and the next ANT rewards can only be claimed 3 epochs later Distribution of ANT during Expansion 80% as Reward for Boardroom ASHARE Stakers 15% goes to DAO fund 5% goes to DEV fund Epoch Expansion: Current expansion cap base on ANT supply, if there are bonds to be redeemed, 65% of minted ANT goes to treasury until its sufficiently full to meet bond redemption. If there is no debt it will follow max capped expansion rate

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