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

# SMD

SMD is the main utility token of SwapMode on Mode Network. 

{% hint style="info" %}
SMD Contract:  [0xFDa619b6d20975be80A10332cD39b9a4b0FAa8BB](https://explorer.mode.network/token/0xFDa619b6d20975be80A10332cD39b9a4b0FAa8BB)
{% endhint %}

The token distribution follows a **fixed supply**, linear emission model coupled with burning or deflationary mechanisms to reduce overall supply over a 3 1/2 year period. 

### Tokenomics: 

| Breakdown         | Details    |
| ----------------- | ---------- |
| Ticker            | SMD        |
| Maximum Supply    | 10,000,000 |
| Initial Supply    | 600,000    |
| Initial Liquidity | $500,000   |
| Initial Price     | $1         |
| Emissions         | 0.1/s      |

## Token Allocation:

|                      |     |
| -------------------- | --- |
| Liquidity Incentives | 84% |
| Initial Mint         | 6%  |
| Treasury + Marketing | 10% |

## Initial Mint Allocation:

|                  |         |
| ---------------- | ------- |
| Seed Sale        | 300,000 |
| Locked Liquidity | 250,000 |
| Treasury         | 50,000  |


---

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