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Altitude Documentation

 – January 2025 

Introduction

Altitude isn’t just a token; it’s a DeFi ecosystem committed to delivering long-term value, sustainability, and consistent rewards for its holders. Built on the Base Chain (Ethereum Layer 2), Altitude stands out as a deflationary revenue sharing rewards token. With mechanisms that stabilize price through reduced circulating supply and enable holders to earn passive USDC rewards, Altitude aligns with its vision to become one of the most rewarding DeFi tokens.

Our tokenomics and tax mechanisms encourage long-term holding, while external revenue streams, including the innovative Mountain Wallet and EVEREST Vault, are utilized to sustain and grow the ecosystem. From day one, Altitude’s model generates external inflows, ensuring that every holder participates in the project's success.

This page provides an overview of Altitude’s core elements, including tokenomics, liquidity pools, reward programs, and our roadmap for the future.

Why Altitude?

Altitude was born out of a vision to improve the DeFi space, inspired by lessons learned as an investor in various communities. The project seeks to address challenges in sustainability, transparency, and user rewards while building a community-driven ecosystem. Altitude reflects a commitment to positive contributions, providing every holder with a share in the project’s success and growth.

By leveraging innovative reward systems, tax allocation, and strategic partnerships, Altitude delivers consistent value to its holders while fostering a thriving, engaged community.

Tokenomics

Token Name: Altitude
Blockchain: Base Chain (Layer 2 on Ethereum)
Starting Supply: 210,000,000 Tokens

Tax Rates (V2 Pools)

• Buy Tax: 2%

  • Auto Burn: 1%

  • Tax Wallet: 1%

• Sell Tax: 4%​

  • Auto Burn: 1%

  • Tax Wallet: 3%

Tax Wallet Allocation:

• Mountain Treasury: 60%

• EVEREST Vault: 30%

• LP Buyback (POL): 10%

Taxes also apply to liquidity pool transactions:

• LP Creation Tax: 4% (2% Locked Liquidity)

• LP Removal Tax: 1%

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Liquidity Pool: Reward Program

Altitude/USDC Liquidity Pool Update (29th April 2025)

To support and grow the Altitude ecosystem, the Altitude/USDC liquidity pool was launched on BaseSwap with the goal of rewarding active participation and strengthening token utility.

While the initial BSX reward campaign successfully introduced yield opportunities contributing to a deflationary supply and ecosystem growth via the Mountain Wallet—participation levels did not meet expectations despite strong opening APRS.

As a result, the current rewards program has now concluded. However, this is not the end —future liquidity incentives are already in development and will be designed with a more direct impact on the Altitude token itself. These upcoming campaigns will aim to better align incentives with our core mission of long-term sustainability, deflationary mechanics, and community-driven growth.

Stay tuned for announcements as we evolve our strategy and continue building together.

EVEREST Vault: Monthly USDC Dividends

The EVEREST Vault is a game-changing addition to Altitude’s utility, enabling holders to earn monthly USDC dividends. Starting March 2025, rewards will be distributed during the first week of each month.

How It Works:

1. Mountain Wallet Contributions: A portion of the yield generated by the Mountain Wallet is allocated to the EVEREST Vault, ensuring consistent USDC inflows.

2. Transaction Tax Allocation: A percentage of every transaction helps fund the EVEREST Vault, directly supporting long term sustainable dividend payouts.

Dividends are claimable by holders based on their proportion of ALTITUDE holdings. For example, if a holder owns 2% of the tokens held in wallets, they’ll receive 2% of the vault’s balance.

Revenue Strategy

Altitude’s sustainability relies on generating external inflows and utilizing them to benefit the community.

• Mountain Wallet: This treasury generates yield through strategic investments, with profits reinvested to support token buybacks, burns, marketing and liquidity.

• EVEREST Vault: Revenue from taxes and the Mountain Wallet provides USDC dividends for holders.

These mechanisms ensure sustainable growth without excessive token emissions, preserving Altitude’s value over time.

Merkl Utility

Altitude leverages Merkl, an advanced DeFi platform that enables efficient and secure reward distribution. With Merkl, users can:

• Earn rewards without staking LP tokens or assets.

• Claim rewards directly from their wallets.

• Enjoy seamless participation in the ecosystem with minimal complexity.

Merkl is widely used across DeFi, offering Altitude greater visibility and accessibility to new users.

Updated Roadmap

• USDC Reward Program Implementation Transitioning from reflection-based rewards to a revenue-sharing USDC rewards model. Holders can claim their rewards monthly via the Merkl platform. (Started March, focus now is on increasing payouts!)

• BSX Reward Integration Launching BSX rewards for Altitude/USDC liquidity providers, funded through BaseSwap emissions and marketing wallet revenue. A portion is reinvested into the ecosystem. (UPDATE: BSX campaign are currently on hold while we explore new LP reward opportunities.)

• Everest Vault Sustainability Establishing sustainable funding for the Everest Vault, ensuring consistent USDC payouts through taxes and contributions from the Mountain Wallet.

• Collaborations & Ecosystem Expansion Actively partner with DeFi projects and platforms to integrate technologies and grow the Altitude ecosystem.

• Exploring New LP Pools Expand Altitude's reach by exploring new liquidity pools on other decentralized exchanges (DEXs) to attract new users and increase exposure.

• Research, Innovation, & Scalability Continuously invest in new features, efficiency improvements, and exploring cross-chain opportunities to enhance long-term project growth

Security & Transparency

• Audits: Conducted by Crypto Hub for comprehensive security verification.

• Liquidity Burn: The majority of V2 LP is burned (dead address)!

• Developer Fees: Limited to 10% of yield generated by the Mountain Wallet, ensuring minimal impact on project revenues.

Conclusion: Join the Ascent

Altitude is scaling new heights with its innovative approach to DeFi rewards and ecosystem growth. By aligning incentives, delivering consistent value, and fostering a strong community, Altitude is redefining what it means to be a sustainable rewards token.

Join us on our journey as we continue to evolve and achieve new milestones. The future is bright, and we’re just getting started!