> For the complete documentation index, see [llms.txt](https://whitepaper.elemon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.elemon.io/elemon-token/tokenomics.md).

# Tokenomics

## Specification

* Name: Elemon
* Symbol: ELMON
* Network: BSC
* Decimals: 18
* Total supply: 2,000,000,000 ELMON

## Use Cases

The primary utilities of the  token are:

* Farming: ELMON tokens are used for farming Points that users can use for NFT redemption. 
* Payment : ELMON tokens are used as a payment currency in  NFTs Marketplace along with other tokens
* In the future, Elemon Ecosystem will update with more use cases for the ELMON token.

## Token Allocation

The total of 2B ELMON tokens will be allocated into the following categories: 

{% embed url="<https://infogram.com/elemon-token-distribution-1hdw2jpmpelmj2l?live>" %}

The vesting plan is shown in the below table:

| Round               | Percent | Allocation     | Initially | Vesting                                                                                                           |
| ------------------- | ------- | -------------- | --------- | ----------------------------------------------------------------------------------------------------------------- |
| Seed Round          | 3.4%    | 68,000,000.00  | 6.00%     | 6% at TGE, 2% at 3rd week, 7,67% at 10th month, 7,67% at 12th month, 7,67% at 14th month and 68,99% at 16th month |
| Private Round       | 13.1%   | 262,000,000.00 | 6.00%     | 6% at TGE, 2% at 3rd week, 7,67% at 10th month, 7,67% at 12th month, 7,67% at 14th month and 68,99% at 16th month |
| Public Round        | 1.00%   | 20,000,000.00  | 50.00%    | 50% at TGE, cliff 1 month then linear over 2 months                                                               |
| Ecosystem + Farming | 31.00%  | 620,000,000.00 | 0%        | Unlock linear in 50 months                                                                                        |
| Team                | 18.00%  | 360,000,000.00 | 0%        | 2.5% at 2nd week, 2.5% at 2nd month, cliff 13 months, then linear vesting over 15 months                          |
| Partners & Advisors | 8.00%   | 160,000,000.00 | 0%        | 2.5% at 2nd week, 2.5% at 2nd month, cliff 13 months, then 95% at 16th month                                      |
| Marketing           | 20.50%  | 410,000,000.00 | 0%        | Vesting 2.5% every month until 15th month, then linear vesting 3% every month                                     |
| Liquidity           | 5%      | 100,000,000.00 |           |                                                                                                                   |


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