> For the complete documentation index, see [llms.txt](https://agentora.gitbook.io/agentora-white-paper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://agentora.gitbook.io/agentora-white-paper/4.-tokenomics.md).

# 4. Tokenomics

Within the Agentora ecosystem, the ATA token serves as both a medium for value transfer and an essential tool for ecosystem governance and incentives. This chapter provides a detailed introduction to the basic issuance and distribution model of the ATA token, as well as the application scenarios and deflationary mechanisms built around ATA, ensuring value circulation and long-term incentives within the ecosystem.