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

# PEP Distribution

<figure><img src="https://1225128282-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FgmZdTdCnKTU3R1IRDAeF%2Fuploads%2FNi7STv29JS1CwvbjSsCe%2FPEP%20Token%20Distribution.png?alt=media&amp;token=df0b09a5-85e9-41b8-97d9-ee864b303b75" alt=""><figcaption></figcaption></figure>

<figure><img src="https://1225128282-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FgmZdTdCnKTU3R1IRDAeF%2Fuploads%2F7dzSZusJikT94xKmp1gf%2FPep%20Distribution%20Schedule.png?alt=media&amp;token=6e4a9546-b184-412d-acb1-4438173b6d9d" alt=""><figcaption><p>Note that 27.5% of the max PEP supply is allocated to the DAO/Marketing and does not have a predetermined distribution schedule. As they become available to DAO, it may decide how/if they should be distributed.</p></figcaption></figure>

## Maximum Supply: 100,000,000 PEP

Distribution of token supply is broken down as follows:

* 25,000,000 PEP (25%) - DAO Treasury for Operations and Future Use
* 25,000,000 PEP (25%) - Protocol Owned Liquidity
  * 6,250,000 PEP (6.25%) - PEP-SOL Liquidity Bootstrapping Curve (LBC)
  * 6,250,000 PEP (6.25%) - PEP-WETH Liquidity Bootstrapping Curve (LBC)
  * 12,500,000 PEP (12.5%) - Protocol Owned Liquidity (POL) paired with raised funds from the LBCs.
* 17,500,000 PEP (17.5%) - Core Contributors
  * Vesting Schedule: 3 month cliff vested over 3 years
* 25,000,000 oPEP (25%) - Trading Volume Incentives
* 2,500,000 PEP (2.5%) - Hxro Network Treasury
* 2,500,000 PEP (2.5%) - Marketing
* 2,500,000 PEP (2.5%) - Airdrop

A defined number of PEP tokens will be minted initially to allow for community activating airdrops, marketing, and early PepperDEX liquidity incentives. The core contributors plan to unlock 10% of the supply to facilitate these early activations.