> For the complete documentation index, see [llms.txt](https://docs.antarctic.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.antarctic.exchange/tokenomics-lightpaper.md).

# Tokenomics Lightpaper

Antarctic Exchange (AX) is a community-first decentralized exchange looking to bring everything users love about centralized exchanges on-chain - starting from perpetual futures. AX offers advanced trading features and a token designed for network alignment and predictable growth. Focusing on creating a self-sustaining ecosystem, AX offers traders with deep liquidity, high performance, institutional level earn products, and the fairest trading environment without predatory institutional manipulation or bleeding on fees. By providing financial solutions with a low entry barrier, AX empowers individuals to participate in the market with confidence and ease.