# Tokenomics **Quark Tokenomics Overview** **Token Name:** Quark 3.0 (QUARK 3) **Blockchain:** Alveychain **Circulating Supply:** 10,000,000,000,000 QUARK **Contract:** \ Deployed: 07. January 2024. Tax:\ Buy tax: 2% \ Sell tax 3% \ \&#xNAN;*(detailed descrition for tax as a businessmodel will be added soon)* \ **Burn Mechanism:** \ Quark's Marketplace integrates a unique burn function, raising the visibility of artists minting NFTs on the platform and providing a compelling case for long-term holding by Quark token holders.
**Ecosystem Interaction:** \ Quark is committed to fostering a vibrant, inclusive, and democratic ecosystem where each participant's contributions are highly valued, and freedom of choice is paramount.
**BuyBot and Revenue Generation:** \ The BuyBot tracks all token purchases on the Alveychain blockchain, facilitating seamless interactions across various project tokens. To generate revenue, the BuyBot runs advertisements, providing an opt-out option for individual groups. This ad revenue forms a crucial part of the project's income. [/buybot](https://docs.quarktoken.io/quark-ecosystem/buybot)
**NFT Collections and Marketplace:** \ Certain NFT collections are designed to fundraise for further project development and marketing. The marketplace also generates revenue through a standard 1% fee on minting operations, contributing to project sustainability and growth. [/nft-marketplace](https://docs.quarktoken.io/quark-ecosystem/nft-marketplace)
This comprehensive approach to tokenomics ensures a strategic balance between providing incentives for stakeholders and maintaining project sustainability. With a steadfast commitment to transparency, secure token management, and a thriving and inclusive ecosystem, Quark continues to pioneer innovation in the blockchain space.