Tokenomics

ASCEND is the governance token of Ascend Finance. The token has a maximum supply of 100m. The supply of ASCEND will be allocated accordingly: - 50% (40m ASCEND) is allocated at TGE to providing liquidity on a DEX, likely Uniswap. - 30% (40m ASCEND) is allocated to the Ascend Finance treasury to ensure long-term sustainability of the protocol. Thes tokens can be used for ongoing development and maintenance costs, liquidity/community incentives and any marketing schemes we adopt. These tokens are vested over 24 months, with a 6-month cliff. - 7.5% (7.5m ASCEND) is allocated to the team, vested over 6 months with no cliff. - 12.5% (12.5m ASCEND) is allocated to partners in order to raise awareness of Ascend Finance. These tokens are vested over 6 months with no cliff.