# 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.
CategoryPercentage
Fair Launch Distribution (Liquidity Mining, Airdrops, etc.)78%
DAO treasury (Security audits, Marketing, Partnerships, Market Making, etc.)15%
Team (Research and development, team expansion, etc.)5%
IDO2%
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:
PeriodUP Token Distribution %
March-2211.4%
April-2210.3%
May-228.3%
June-227.2%
July-224.1%
August-224.1%
September-223.1%
October-223.1%
November-223.1%
December-222.6%
January-232.6%
February-232.6%
March-232.1%
April-232.1%
May-232.1%
June-231.5%
July-231.5%
August-231.5%
September-231.0%
October-231.0%
November-231.0%
December-230.5%
January-240.5%
February-240.5%
*May be adjusted according to the development of the project.
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