# Tokenomics ✨📊✨

## **Overview**

**Ticker**: **$BUCKS**

**Contract Address**:0xda28b68483c44f563168b6e4b7df9209a02ed64e

**Chain**: Binance Smart Chain (BEP-20)

**Initial Supply**: **10,000,000** (**$BUCKS**)

![](https://2177041747-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MYuhamnyj3CcGVSN7YK%2F-MZ0Z6lVk-KxoGPUC7Dv%2F-MZ2DJZggsyhJ4xbPd7h%2FDBFNqxGf.png?alt=media\&token=945f13ae-7ba3-4452-b3a6-4b211c43f08d)

**Total Supply**: Unlimited 

**Emission Rate**: Token/Block 

* **1st Week** - (**4 Tokens/Block**)
* **2nd Week** - (**3 Tokens/Block**)
* **Future Reductions -** Will be voted by the community via snapshot.
* **15%** of each minted token will be automatically sent to the **BuckSwap Trust Account** to be used on further development and marketing.

## **DEX Fees**

* When users make a token swap (trade) on the exchange users will pay a **0.2% trading fee**, which is broken down as follows: 
  * **0.17%** - Returned to liquidity pools in the form of a fee reward for liquidity providers. 
  * **0.03%** - Sent to the **BuckSwap Trust Account** to be used on further development and marketing.

## **Staking & Liquidity Mining Fees**

* There will be a **0%** deposit fee on all pools during the first week after launch. 
* Thereafter, there will be a **6%** deposit fee on all **Non-$BUCKS** staking pools. 
* This **6%** fee will be burnt to elevate the price for all **$BUCKS** holders.

## Controlling $BUCKS Supply

* There is currently no hard cap on the supply of **$BUCKS** tokens, making it an inflationary token. 
* Understandably, community members often point to this as a cause for concern and understandably wish for a hard cap, however there's a big reason we don't expect to set one in the near future: ***$BUCKS**' primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be less incentive to provide liquidity  (LP fees etc. would remain).* 

## How BuckSwap Counters Inflation

* **BuckSwap** has developed a method of making deflation higher than emission by building deflationary mechanisms into **BuckSwap's** products**.** The goal is for more **$BUCKS** to leave circulation than the amount of **$BUCKS** that's produced.
* **Reducing Block Emissions** 
  * By reducing the amount of **$BUCKS** made per block, we are able to slow inflation. The first method is by effectively reducing the number of **$BUCKS** produced from 4 **$BUCKS** per block to 1. However, we don't want to do this too frequently, too early, for the same reason we don't want a hard cap: we still need to incentivize people to provide liquidity.
* **Deflationary Mechanisms**
  * Regular token burns are built into many of BuckSwap products (like a 6% burn of **$BUCKS** spent on fees accrued in the **BuckSwap** **Mine** and **Vault**), with more on the way.