$AMT

Governance

$AMT is Amulet's governance token. It primarily gives $AMT token holders the right to vote and participate through governance in the protocol's development and initiatives such as but limited to:

• Treasury utilization and rewards distribution

• Claim validity

• Target capital requirements

• New products listing

• Treasury buyback thresholds

• Determining future protocol objectives

Value Accrual

Given the nature of Amulet's business, several features have been adopted from leading DeFi protocols in designing $AMT to enable robust governance and attract patient capital to the protocol. Long-term holders will be able to enjoy certain features and benefits such as:

• Boosted rewards through vote-escrowed $AMT ($veAMT).

• Revenue sharing.

• Eligibility for Amulet's membership and loyalty program.

More details on Amulet's $veAMT mechanics:

• $AMT holders are able to lock their $AMT and receive $veAMT for periods of e.g., 1 month, 6 months, 1 year, or a maximum of 4 years.

• “Points” will be allocated to $veAMT holders in proportion to their staking periods. These points are used to determine the allocation of additional rewards on top of the usual base $AMT rewards. The highest rewards will be distributed to the longest holding periods.

• Points allocated to $veAMT holders will decrease linearly over time with the rewards adjusted accordingly.

To illustrate how the rewards system may work under $veAMT, assume base rewards to be 100,000 $AMT per day and $veAMT rewards to be 200,000 $AMT per day. Total $AMT staked in the $AMT pool is 40M, 50% of which is currently locked (20M). A new user adds and locks another 10M $AMT in the $AMT pool for 4 years (i.e. the maximum locking period). In this scenario, the rewards distribution will be:

Details	Results
Base Rewards = 10M / 50M * 100,000 $AMT	20,000 $AMT
$veAMT Rewards = 10M / 30M * 200,000 $AMT	66,667 $AMT
Total Rewards	86,667 $AMT
Rewards Per Day (% of Locked $AMT)	8.7%

Users who lock their $AMT tokens with Amulet potentially accumulate significantly higher rewards than if they had simply staked for base rewards. Amulet also plans to accrue more value back to $AMT token holders and price by executing buyback operations, using treasury funds to purchase $AMT on open markets and re-distribute them back to $AMT stakers and lockers. Hence, with the value of $AMT rewards being tied directly to the protocol's performance over time, long term members who hold the most $AMT tokens benefit the most from Amulet's investments and core revenue stream.

Distribution Schedule

The initial total supply of $AMT is set to 1,000,000,000. The majority of $AMT's supply (68%) is reserved for business incentives and ecosystem growth, whereas the rest are for fundraising, liquidity bootstrapping, and team incentives. The distribution details are set out below:

Token Distribution	Distribution %	Vesting Period
Fundraising	10%	10% unlock upon token generation event (TGE), 6-month cliff then linear vesting per block over 3 years.
Team & Advisors	15%	5% unlock upon TGE, 6-month cliff then linear vesting per block over 3 years.
IDO	5%	Percentage is dependent on the IDO platform.
Initial Liquidity Bootstrapping	2%	Percentage is dependent on listing schedules on DEX and CEX platform.
DAO Reserves	18%	Reserved for liquidity provision on exchange listing, strategic partnerships, and marketing.
Business Incentives Reserve	50%	Used for business development incentives such as liquidity mining, underwriting incentives, CAP rewards, airdrops, etc.