# About Ecosystem

**Alexa is a digital artist who debuted in the Solana ecosystem with her first NFT collection, Who Am I, based on her self-portrait material.**

**The NFT collection "Who Am I"** consists of 7,777 artworks. 77 pieces will be released immediately as the first entirely hand-crafted pieces, a further 700 unique pieces will be released within a year of the ecosystem's launch, and the remaining 7,000 pieces will be generated from unique layers created by Alexa, increasing the rarity of each piece. You can view the first 77 pieces here: **<https://launchmynft.io/sol/14267>**

*Based on the released NFT collection, Alexa's team has built an ecosystem that allows users not only to own NFT tokens with a certain artistic and collectible value, but also to earn rewards.*

> **In addition to NFTs, the Alexa ecosystem includes the ALEXA deflation token and the Community Minting platform, which allows users to earn rewards for their activity. All elements of the ecosystem are linked by mechanics that maximise the benefits of interacting with the project.**

**ALEXA MEME** is a 2022 standard deflationary token, which implies the automatic collection of a 0.25% commission for each transaction of purchase, sale or transfer of tokens. All commissions generated by the token, as well as all commissions generated by the Raydium pool on the project's liquidity (also 0.25%), are burned daily by sending the tokens received as commissions to Solana's zero address.

> **The higher the activity in the ecosystem and the higher the trading volume of the ALEXA token - the higher the volume of daily burns and the greater the deflationary effect of tokenomics. Deflation will stop at the point where the community minting allocation of 50M ALEXA tokens has been fully distributed and 50M or less ALEXA tokens remain in circulation (initial 111M token count). Once this threshold is reached, all generated commissions will no longer be sent to the zero address and will be distributed to active users and NFT holders from the Who AM I collection via the Community Minting platform as daily rewards.**

*More information here: <https://alexameme.com/>*

**Community Minting i**s a platform that allows users to earn rewards for their activity in the Alexa ecosystem. We refer to active ecosystem users as:

1. NFT token holders from the Who Am I collection
2. Users who generate trading volume in the pool on the Raydium exchange
3. Users who invite active users to the ALEXA ecosystem (referral programme)

{% hint style="info" %}

* The task of a user who wants to earn rewards based on owning NFTs from the Who Am I collection is to register on the site and own as many NFT tokens as possible, thus increasing the level of daily passive income.
* The task of a user who wishes to earn rewards based on trading volume is to meet the basic conditions on a daily basis and to make as many transactions buying and selling tokens on the Raydium exchange as possible, thereby increasing his personal trading volume as a percentage of the total aggregate trading volume of all Community Minting participants.
* The job of a user who wants to earn from a referral programme is to invite and teach as many new users as possible to earn through several levels deep, and then try to reach the maximum level of referral programme every day after that to get the maximum referral rewards.
  {% endhint %}

## Summary

**Within the ALEXA ecosystem, users can:**

* Own NFT tokens from the Who Am I collection as art and collectible assets.
* Own NFT tokens from the Who Am I collection as assets that generate passive income in the form of 30% of Community Minting rewards.
* Hold ALEXA deflation tokens for investment and speculative purposes.
* Place ALEXA tokens in a liquidity pool to earn commissions based on trading volume.
* Trade ALEXA tokens in the Raydium pool to receive daily rewards as part of the Community Minting programme.
* Invite active users and earn a share of the Community Minting rewards as part of the ALEXA Referral Programme.
* All potential revenue streams can be combined to increase the impact of interactions in the ecosystem.

> *The Community Minting allocation is always less than the daily burn rate by 22% or more. This means that every day the ecosystem is experiencing a systematic reduction in the circulating supply of ALEXA tokens until the Community Minting allocation of 50M tokens is fully allocated. We expect that as the number of active users in the ecosystem grows and the volume of trading on Raydium increases, the deflationary effect will intensify, which could lead to a token supply shock in the market.*

**The Ecosystem allows users to earn and increase their daily ownership of the deflationary ALEXA token, the supply of which is systematically reduced by burning.**
