# 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="" %} 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 | | |