EnchanterFi Roadmap and Tokenomics

3 min readOct 20, 2022

Aptos Autumn is here! 🎉

It is such an exciting milestone for the Aptos supporters and builders who have spent four years working on bringing the masses to web3. As a community-driven DEX, Enchanter Finance takes great pride in the community that we have established. We are thrilled to present our roadmap and tokenomics for the highly anticipated $ENT token.

1.Enchanter Finance Roadmap🔮

Aligning with Aptos’ mission, Enchanter Finance aims to build the first ever Social Trading AMM DEX on Aptos. We also serve to be the entry point for all on-chain assets across Move-based ecosystems. On top of trading and yield farming, Enchanter Finance will provide secure DeFi alternatives that will help traders and liquidity providers better manage their assets.

Now, we would like to share our plan for the next year. This plan will be carried out in three phases.

I. Launch Phase✨

During the launch phase, our main focus will be the deployment of Enchanter Finance on the Aptos Mainnet. This version will include Swapping, Farming, and other basic functionalities.

Code audit
Mainnet deployment
Cross-chain protocols integration
Yield Farming V1.0
Yield Farm V2.0 (staking availability)

II. Build Phase🥂

The build phase emphasizes completing additional functionalities for Enchanter Finance. Our goal during this phase is to improve user experience, provide better support for builders, and promote community governance.

veENT Launch
Info
Dashboard
Community proposals and voting
Multi-sig community vault
Enchanter Launchpad
Availability of project self-generated farms

III. Growth Phase💎

During the growth phase, Enchanter Finance will bring in more social elements. We will also focus on exploring new trading mechanisms and potential new asset types.

Social Trading System (including Enchanter Chatroom)
User-friendly mobile wallet & DEX for crypto newcomers
Upgraded trading model
More asset types

Of course, Enchanter Finance will remain agile in this ever-changing Aptos ecosystem. We cannot guarantee that there won’t be any changes to the above-listed roadmap. But we can promise that our top priority will always be our community.

2.Enchanter Finance Tokenomics💰

Our token $ENT is the culmination of our core value. It serves to incentivize platform and community growth. It also will reflect our value as a collective community. Potential $ENT use cases range from yield farms to launchpads and governance.

Official name: Enchanter Coin
Symbol: ENT
Total Supply: 100,000,000
Allocation：
· Dev Team：15%
· Investors and backers：10%
· Consultants：3%
· Foundation：15%
· Community Vault：57%

Foundation and community vault will help us expand our outreach. It will also incentivize community members and provide liquidity for DEX and CEX. As they combine for 72%, the final detailed allocation will be determined through community proposal and voting. (Build Phase)

We aim to deploy Enchanter Coin on Aptos Mainnet by this week. $ENT will then produce output. However, they will not be in circulation until we finish contract audits and other logistics. As $ENT starts to release, a major portion of it will be locked and they will be released according to the token distribution schedule.

$ENT will be produced in 5 phases. The time to complete token release will be 2024 days. You can find details on the daily token release amount during each stage in the table below.