# SMD

SMD is the main utility token of SwapMode on Mode Network.&#x20;

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SMD Contract:  [0xFDa619b6d20975be80A10332cD39b9a4b0FAa8BB](https://explorer.mode.network/token/0xFDa619b6d20975be80A10332cD39b9a4b0FAa8BB)
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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.&#x20;

### Tokenomics:&#x20;

| 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  |

