# Tokenomics

## Max Supply: 80,000 $AUTO

Autofarm started with no pre-farm nor pre-sale. $AUTO are minted linearly starting from 15 December 2020 and will end approximately during October 2021 (0.008 $AUTO/ block: *which is approximately 230.4 $AUTO daily*).

To ensure fair distribution of $AUTO, only vault users (non-turbo vaults) will be able to mine $AUTO tokens in addition to the yields from auto-compounding vaults. A remark regarding the total supply shown in BSCscan can be found [here](#undefined).

## Details:

**Deflationary Tokenomics:** Vault fees (1.5 - 3.0%) on vault users' profits are used to perform market buy-backs and these $AUTO are burnt out of supply forever [here](https://bscscan.com/token/0xa184088a740c695e156f91f5cc086a06bb78b827?a=0x000000000000000000000000000000000000dead).

**Utility:** 

* Receive fees from cross-chain vaults
* Receive fees from DEX aggregator
* Governance 

See the Roadmap below for more future utilities of $AUTO:

{% content-ref url="broken-reference" %}
[Broken link](https://autofarm.gitbook.io/autofarm-network/protocol/broken-reference)
{% endcontent-ref %}

**Percentage Breakdown:**

![](https://234773140-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MO1RxykGr3EXoTdlpd_%2F-M_jMky2_BscjGHMcu3D%2F-M_jNE0YT05IaKiXXP5F%2Ftokenomics.png?alt=media\&token=6cea5544-963d-4454-bea6-316f1333065e)

* **\~74.5%** are available for the vault token mining program
* **\~12%** are dedicated to the team to ensure sustainable and rapid innovation
* **\~13.5%** are reserved for **future incentives of cross-chain vaults** and other products in the Autofarm ecosystem

{% hint style="success" %}
The team has locked away 1,388 $AUTO tokens (from the first 1.5 months of emissions) for 6 months [here](https://bscscan.com/address/0x4a712a0c8fd6b75aa5afbc2b06b4f33126549451#code).
{% endhint %}

### Footnotes: <a href="#footnote" id="footnote"></a>

{% hint style="warning" %}
We understand the 80,638.189325 [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) tokens that are currently reflected on[@bscscan](https://twitter.com/bscscan). This was due to a misallocation of [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) rewards to a particular vault that allowed for [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) to be minted (this happened whilst [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) was still <80k).

However, further minting of [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) tokens would no longer be possible since the current total supply is already >80k & the minter has already been burnt from the get go.

To reduce the total supply to the promised 80k, the treasury has burned the corresponding 638.189325 [$AUTO](https://twitter.com/search?q=%24AUTO\&src=cashtag_click) surplus tokens:

<https://bscscan.com/tx/0x598663bb8050c16c3777df838058540ed83c6223a7e8b1f9b9bade8fc7719c46>
{% endhint %}


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