> For the complete documentation index, see [llms.txt](https://pendulum.gitbook.io/pendulum-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pendulum.gitbook.io/pendulum-docs/learn/token-economics.md). # Tokenomics PEN will be the native token on Pendulum (Polkadot parachain). AMPE is the native token of Amplitude (Kusama parachain). ## Pendulum **Tokenomics Overview** PEN will be the native token of Pendulum. PEN utilities include powering transactions as the gas token on Pendulum as well as governance and staking. **Tokenomics Overview** **Ticker:** PEN **Relay Chain:** Polkadot **Supply Structure:** Inflationary, through staking and vault operator rewards **Supply at Genesis:** 160,000,000 **Max Supply:** 200,000,000 **Initial Circulating Supply:** 10,000,000 **Total Supply:** see [here](https://api.pendulumchain.tech/v1/pendulum/token/stats) **Circulating Supply:** see [here](https://api.pendulumchain.tech/v1/pendulum/token/stats) **Consensus:** Limited Delegator Proof of Stake **Token Usage:** Gas,Staking and Governance ### **Distribution** \ The distribution maintains a balance between Pendulum’s early supporters and the Pendulum community with an even 50/50 split.
#### **Community Distribution** \ The chart below shows the percentage that each community bucket takes up from the community bucket that takes up 50% of the total PEN total allocation. The community distribution includes staking rewards for directly staking PEN (28%) as well as staking rewards related to Spacewalk bridge (12%). [The Crowdloan](https://parachains.info/details/pendulum) #35 was won by Pendulum
#### **Backers Distribution** \ The below chart shows the distribution of tokens to Pendulum’s early backers that have supported the building of Pendulum and Amplitude for over 1 year now.
*Note: The percentages in the Community and Backers charts should be halved to find the percentage of the overall tokenomics. For example, Staking Rewards is 14% of the overall tokenomics and 28% of the Community bucket.* **Vesting Schedule**\ Below is the vesting schedule for all community and backer tokens. Most of the tokens include a vesting schedule that unlocks linearly over 2 to 3 years to ensure all participants are incentivized to work towards Pendulum’s long-term growth. | Allocation | Distribution (%) | TGE Unlock (%) | Vesting (months) | Cliff (months) | | ---------------------------- | ---------------- | -------------- | ---------------- | -------------- | | Private Presale | 20 | 2.0 | 24 | - | | Polkadot Parachain Crowdloan | 3 | 0.3 | 22 | - | | Strategic Presale | 10 | 10 | 24 | - | | Exchange Listing | - | - | - | - | | Treasury | 13 | 3.9 | 60 | - | | Marketing | 5 | 0.5 | 36 | - | | Rewards | 20 | | Perpetual | - | | Crowdloan Reserve | 5 | 0 | 22 | - | | Liquidity | 4 | 0 | 24 | - | | Team/Advisors | 20 | 0 | 18-36 | 6-12 | ## **Definitions:** Advisors: Allocation for backers with specific expertise supporting Pendulum with their advisory services Team: Allocation for current and future team Private Sale: Allocated tokens for the private sale investors Strategic Sale: Allocated tokens for the strategic sale investors Crowdloan: Allocation for rewarding participants who help us in winning the parachain auction. Remaining funds from this will be added to the treasury. Crowdloan Reserve: Allocated to fund future parachain actions Liquidity incentives: Allocated for providing initial liquidity on exchanges and liquidity provisioning rewards Treasury: Allocated to the Pendulum network treasury required to fund product development and enhancements Marketing: Allocated for marketing campaigns, airdrops, partnerships and events Staking rewards: Allocated for consensus staking related rewards Spacewalk rewards: Allocated for rewards related to Spacewalk
## **AMPE Tokenomics Overview** **Ticker:** AMPE **Relay Chain:** Kusama **Supply Structure:** Fixed **Max Supply:** 200,000,000 **Total Supply:** see [here](https://api.pendulumchain.tech/v1/amplitude/token/stats) **Circulating Supply:** see [here](https://api.pendulumchain.tech/v1/amplitude/token/stats) **Initial Circulating Supply:** 11,555,556 ### **Distribution** {% hint style="info" %} In order to ensure Amplitude is a community-first project, the Pendulum team decided to take no allocation of AMPE tokens for themselves or advisors and held no token private sales. {% endhint %} The distribution is reflective of the intended nature of the project that truly gives Amplitude to the community.
Protocol & Ecosystem Breakdown:
### **AMPE Token Utility** Amplitude will be the canary network of its sister blockchain, Pendulum. It will act as a testing ground for applications and network parameters for Pendulum, but with real financial consequences. AMPE token utilities will initially include transaction fees, staking and on-chain governance. Transaction fees will be an integral part of using the network and will be applicable when making any transactions on the protocol and will be paid using AMPE. The fee will be split between the community treasury, rewards and others. On-chain governance will follow a quadratic voting mechanism to ensure more votes for smaller holders and to disincentivize a single holder casting multiple votes on a single proposal. Proposals in the following categories can be voted on by the community of token holders: 1\. **Asset Usage** — Proposals to use the Asset, such as listing and delisting the token on DEXes and CEXes. 2\. **Reward Distributions** — The mechanism and amount of rewards distributed to different players of the network. 3\. **Parameter Modifications** — Technical upgrades, smart contract configuration changes, transaction fees, etc. 4\. **Community Proposals** — Other suggestions / recommendations from the community. The objective of these tokenomics is to set up a fertile ground for a community-driven chain where experimentation can blossom. For more details on the Amplitude crowdloan participation and bonuses please visit our [FAQs page](https://pendulum.gitbook.io/pendulum-docs/amplitude-crowdloan/faqs). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://pendulum.gitbook.io/pendulum-docs/learn/token-economics.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.