# Supply & Emission Schedule ## Total Supply The total supply is capped at 1,000,000,000 $VLV tokens, and the emission mechanism is designed to make sure it won't reach this cap for the next 10 years or longer. There will be no emissions above the cap. ## Emission Schedule The emission schedule controls that the token circulating supply growth doesn't outpace the usage growth as the end goal is to reach a self-sustainable protocol state a. Initial Circulation: \~12% i. \~1-2% - retroactive airdrop ii. \~0.33% - investors iii. \~0.28% - team iv. \~5% - launchpad v. \~5% - initial protocol treasury b. Monthly Release: \~1.3% i. \~0.5% - staking rewards ii. \~0.1% - contributor rewards/grants iii. \~0.1% - marketing iv. \~0.28% - team vesting v. \~0.33% - investor vesting c. Monthly Withholding: i. Protocol fees ii. $VLV to veVLV lock-ups Disclaimer: This is a preliminary version of the release schedule, which can be affected by multiple factors such as the token launch avenue (e.g., Launchpad requirements), and number of exchanges & pairs. --- # Agent Instructions: 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: ``` GET https://docs.velvet.capital/governance/supply-and-emission-schedule.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.