# Tokenomics

**UpDeFi** is a fair launch project with no pre-sale, no investor, and no pre-mine. **Only participants who contribute to the UpDeFi protocol will receive UP tokens based on their contributions.**

## **Token Information**

**Name:** UP Token

**Ticker**: UP

**Contract Address**: 0xbAc79E308BadA146DE29f56E066a021cfFA00375

**Chain**: BNB Smart Chain (BEP-20)

**Total Supply**: 1 Billion

## What can you do with UP Token?

### **Governance**

The UpDeFi protocol will be governed by the UpDeFi DAO. **Users need to hold and lock UP Tokens to participate in the UpDeFi DAO.**

### Revenue Sharing 

**UpDeFi allocates 90% of the protocol revenue to UP token holders.** UP token holders only need to stake UP tokens on the UpDeFi platform to participate in the UP-staking strategies and obtain protocol revenues.

## **Token Distribution**

**UpDeFi** is a fair launch project with no pre-sale, no investor, and no pre-mine. Only participants who contribute to the UpDeFi protocol will receive UP tokens based on their contributions.

<table><thead><tr><th width="425.46457906630917" align="center">Category</th><th align="center">Percentage</th></tr></thead><tbody><tr><td align="center">Fair Launch Distribution (Liquidity Mining, Airdrops, etc.)</td><td align="center">78%</td></tr><tr><td align="center">DAO treasury (Security audits, Marketing, Partnerships, Market Making, etc.)</td><td align="center">15%</td></tr><tr><td align="center">Team (Research and development, team expansion, etc.)</td><td align="center">5%</td></tr><tr><td align="center">IDO</td><td align="center">2%</td></tr></tbody></table>

Team tokens vesting schedule: Vesting starts after 3 months from IDO. 1/24 of the total share will be unlocked every month for 24 consecutive months.

## **Fair Launch Tokens Distribution**

**78% of the total supply of UP tokens will be distributed through our fair launch.** The distribution period will last the duration of **2 years**. In order to entice users to engage in the UpDeFi protocol as early as possible, **the distribution of UP tokens will gradually decrease within the 2 year period, in other words, the earlier a user participates in the UpDeFi protocol, the more rewards they can get.**

Below is the distribution schedule for the UP Fair Launch Tokens:

<table><thead><tr><th width="290.6276690930731">Period</th><th>UP Token Distribution %</th></tr></thead><tbody><tr><td>March-22</td><td>11.4%</td></tr><tr><td>April-22</td><td>10.3%</td></tr><tr><td>May-22</td><td>8.3%</td></tr><tr><td>June-22</td><td>7.2%</td></tr><tr><td>July-22</td><td>4.1%</td></tr><tr><td>August-22</td><td>4.1%</td></tr><tr><td>September-22</td><td>3.1%</td></tr><tr><td>October-22</td><td>3.1%</td></tr><tr><td>November-22</td><td>3.1%</td></tr><tr><td>December-22</td><td>2.6%</td></tr><tr><td>January-23</td><td>2.6%</td></tr><tr><td>February-23</td><td>2.6%</td></tr><tr><td>March-23</td><td>2.1%</td></tr><tr><td>April-23</td><td>2.1%</td></tr><tr><td>May-23</td><td>2.1%</td></tr><tr><td>June-23</td><td>1.5%</td></tr><tr><td>July-23</td><td>1.5%</td></tr><tr><td>August-23</td><td>1.5%</td></tr><tr><td>September-23</td><td>1.0%</td></tr><tr><td>October-23</td><td>1.0%</td></tr><tr><td>November-23</td><td>1.0%</td></tr><tr><td>December-23</td><td>0.5%</td></tr><tr><td>January-24</td><td>0.5%</td></tr><tr><td>February-24</td><td>0.5%</td></tr><tr><td>*May be adjusted according to the development of the project.</td><td></td></tr></tbody></table>