# $ARENA Token Fund

The $ARENA Token Fund is what backs the value of the $ARENA token. It remains stability because the $ARENA token is backed by $BUSD. At every buy and sell transaction fees will be paid (instantly converted to stable coin) that will go into the ATF. The ATF will also be the buy-back mechanism for $ARENA tokens. If a holder wishes to redeem their $ARENA, they can do so for 75 % of the $ARENA Backed Value (ABV) of the coin. \
\
The ABV is equal to the ATF / 10,000, with 10,000 tokens being the hard cap of $ARENA. The ATF will begin at $100,000 setting a base floor of ABV at $10 prior to public launch.
