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Technical8 min read

ATS Tokenomics: How WATS Burns Its Fee Token From 100M to 30M (ERC-4337 + OFT)

WATS charges every transfer in ATS instead of native gas — via ERC-4337 and LayerZero OFT — and burns what it collects, driving supply from 100M toward 30M. Here is how the mechanism and the burn actually work.

Two frictions most wallets never fix

Multi-chain crypto has two quiet taxes. The first is native gas: every chain insists on being paid in its own coin — ETH on the EVM world, SOL on Solana, Toncoin on TON — so you keep idle balances of tokens you never wanted just to move the tokens you do. The second is rarely discussed: most fee or utility tokens are inflationary or static, so the fees a network generates accumulate somewhere rather than benefiting holders. WATS answers both with one design — and does it without ever taking custody of your keys.

Charged in ATS, not native gas

In the WATS Hot Wallet, every action — transfers, swaps, staking — is charged in a single token, ATS (Alltoscan Token), instead of the native gas of whatever chain you are on. From your side, no ETH, SOL or Toncoin leaves your wallet; ATS does. The network still receives its native gas underneath — that never goes away — but a paymaster settles it for you, so provisioning gas per chain stops being your job.

What ERC-4337 does here

On EVM chains, the mechanism is ERC-4337, the account-abstraction standard. It introduces a paymaster: a component that can pay a transaction's native gas on your behalf while charging you in a different token. That is the precise step where "pay in ATS instead of ETH" happens. ERC-4337 is an EVM standard, so it governs the EVM side; on Solana and TON, an equivalent fee-payer/relayer plays the same role. The point is not the plumbing on any one chain — it is that you never have to think about the native gas token again.

What OFT does here

A single fee token is only simple if it is genuinely one token everywhere. ATS is a LayerZero OFT — an Omnichain Fungible Token — which means it exists natively across chains rather than as a pile of wrapped or bridged copies. One ATS balance is spendable on EVM, Solana and TON alike. Combine that with ERC-4337-style abstraction and the result is the experience the ATS fee model promises: hold one token, transact anywhere, never chase native gas.

The burn: from 100,000,000 to 30,000,000

Here is where WATS parts company with ordinary fee tokens. The ATS collected as fees is not recycled or pooled — it is burned. Every fee paid permanently removes ATS from circulation, driving total supply down from an initial 100,000,000 toward a 30,000,000 floor. It is a deflationary model powered by ordinary use: the more the wallet is used, the scarcer ATS becomes, until supply settles at roughly a third of where it started. The burn is a design commitment tied to real activity, not a fixed calendar, so the pace tracks usage rather than a countdown.

The first and only wallet to combine both

Plenty of wallets abstract gas: ERC-4337 paymasters bring token-paid gas to EVM apps that adopt them, and a few wallets route fees through a sponsor. What no other wallet does is put these together the way WATS does — ERC-4337 + OFT single-token fees, charged instead of native gas on every transfer, paired with a fee burn that drives supply from 100M down to 30M. That specific combination is what makes WATS the first and only wallet of its kind, and it is a claim grounded in mechanism, not marketing: the standards are open, the token is one omnichain asset, and the burn is visible in supply.

What it does not change: your keys

None of this touches custody. WATS is non-custodial across the Chrome extension, the mobile app and the Hot Wallet: you hold your own keys, and WATS never holds a key. Paying fees in ATS does not hand control to anyone, and burning ATS does not either. The fee token decides which token pays; the burn decides how supply changes; custody — who can authorise a move of funds — stays entirely with you. Conflating a single fee token with a single point of control gets the model exactly backwards.

Where to go next

For the canonical reference on how a charge is estimated and taken, see the ATS fee page. For a first-hand walk through the fee flow and how self-custody relates, read how the WATS ATS single fee token works. And to see the wallet the model runs inside, start with the WATS Hot Wallet.

Frequently asked questions

Does paying fees in ATS or burning ATS give WATS custody of my funds?

No. WATS is non-custodial across every product: you hold your own keys and WATS never holds a key. The fee token and the burn are about which token pays and how supply changes — neither touches who controls your wallet.

Is ERC-4337 what lets me pay in ATS on Solana and TON too?

Not directly. ERC-4337 is an EVM standard, so it handles the pay-in-ATS step on EVM chains via a paymaster. On Solana and TON a fee-payer/relayer settles the native cost instead. What makes the experience identical everywhere is LayerZero OFT: ATS is one omnichain token, so a single balance works across EVM, Solana and TON.

Will the ATS supply really drop to 30 million?

The model burns ATS collected as fees, reducing total supply from 100,000,000 toward a 30,000,000 floor. It is driven by real usage rather than a fixed schedule, so the pace depends on activity — the design goal is a 30,000,000 floor, not an overnight cut.