AQUAnomics - Learn more about AQUA, the token that powers Aquarius.

♒️ AQUA token A few days ago we announced the Aquarius project. With Aquarius, our goal is to improve liquidity on Stellar by adding incentives for SDEX traders and AMM liquidity providers. This will allow Stellar users to enjoy larger swaps with less price impact, more trading volume, and path payments with vastly reduced slippage. We believe that a more liquid SDEX will attract a greater audience from other networks where fees are higher, or transactions are slower. The AQUA token is at the core of Aquarius. AQUA already has over 3,000 trustlines enabled and over 1,000 people have joined our community channels. Thanks to everyone who gave us their feedback, we are thrilled to see your support. ❤️ It is now time to dive deeper into AQUA. 🤿 Important! AQUA tokens are issued, but are not yet distributed. They will not be traded on the SDEX or other exchanges until at least August 2021. So, here’s how you’ll be able to use the AQUA tokens. 💰 Earn rewardsThe Aquarius protocol adds new incentives for market makers who provide liquidity for specific market pairs. Market makers help keep the market working, so if you want to sell an asset, they are there to buy it. Market makers are typically financial organizations. However, regular traders, when they place a limit order in the order book, can act as market makers too. As an example, if the current Bitcoin price is $30,000 and the trader puts in a buy order at $29,900 (to get a slightly better price in the future) then they will also act as a market maker. This helps provide additional liquidity to potential sellers. Without market makers, the market would likely have rather low liquidity. In other words, people who want to sell an asset wouldn’t be able to do so without significantly moving the asset price due to a lack of buyers in the market. In the world of Stellar, making a swap or a path payment also relies on existing orders in the SDEX that were created by market makers. These operations match the orders in the order book and therefore take liquidity from the market. So, clearly, the Stellar network as a whole would benefit from having more market makers and more liquidity in the order books. Traders will be paid in AQUA for their useful work of increasing market liquidity. Similar rewards are expected for AMM liquidity providers as well, as we are going to use all angles to improve liquidity. We will provide additional details about the reward system for traders and liquidity providers soon. 🗳️ VotingAquarius allows the community of AQUA holders to signal where liquidity is needed through a voting process. This introduces an additional liquidity management layer for the whole Stellar network. AQUA token holders will decide on the market pairs where liquidity is needed most, and also define the size of market maker rewards for each pair. For example, Carlos has 10000 AQUA tokens. Carlos typically holds XLM, USDC, and an anchored BTC asset. He also needs to send payments to Argentina, in ARST (Argentinian peso), so he wants to ensure there’s enough liquidity on the following market pairs: XLM/USDC, XLM/BTC, and USDC/ARST. This would help him to trade XLM and BTC with low fees as well as send cheap cross-border payments to Argentina. Hence Carlos could use the following allocation of his votes to prioritize the ARST pair, but also give some votes to the other two pairs: - USDC/ARST: 7000 AQUA (70% of votes) - XLM/USDC: 2000 AQUA (20% of votes) - XLM/BTC: 1000 AQUA (10% of votes) The voting happens on-chain so the votes can be independently validated by any user. Aquarius will provide an interface visualising the votes and current rewards in various markets, as well as a separate dashboard where AQUA holders can vote. Voting will work with most Stellar wallets including hardware wallets such as Ledger. After each round of voting, Aquarius aggregates the individual votes of all Stellar users. Based on the results it’ll define a list of markets where the incentives will be activated. The voting itself will be rewarded too, as we want to promote a wide participation in the community. 🌟 AQUA in Stellar appsAQUA token holders will be entitled to additional benefits across all Ultra Stellar products. Increased APY yield for yield-generating anchors, crypto purchases with no fees, and increased referral bonuses — are just some of the benefits that we are looking to introduce for token holders. Ultra Stellar will work with other interested parties building on Stellar to explore even more benefits and use cases for AQUA. 🥧 AQUA allocation 100B AQUA tokens have been issued on the Stellar network. This is a hard limit on the total supply, no more AQUA tokens will ever be created. Token Details:asset code: AQUAhome domain: aqua.networkissuer account: GBNZ…67AQUA The initial allocation is as follows: 50% dedicated to SDEX traders and AMM liquidity providers in the form of rewards:50,000,000,000 AQUA 20% set for airdrops. All unclaimed AQUA will be allocated to Community DAO fund. Read below to learn more.Airdrops + DAO:20,000,000,000 AQUA 10% offered to institutional investors with a 3-year vesting: 10,000,000,000 AQUA 10% granted to Aquarius team members and future employees with a 3-year vesting: 10,000,000,000 AQUA 5% allocated to voting and staking rewards: 5,000,000,000 AQUA 2.5% granted to advisors and partners (both with 3-year vesting): 2,500,000,000 AQUA 2.5% reserved for an emergency fund: 2,500,000,000 AQUA