# $EMYC Tokenomics

<figure><img src="https://2155100729-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBezZOOTBUIgzz02pJUO4%2Fuploads%2F2LcHlZKobFbufsVptf7k%2FTokenomics.png?alt=media&#x26;token=76f61f9c-93fa-41a4-8ff7-2d1b2ec32eb8" alt=""><figcaption></figcaption></figure>

The tokenomics of $EMYC has been designed to ensure that the token’s distribution, management and use within the E Money Network ecosystem is geared towards driving value and incentivizing participation in the ecosystem.&#x20;

### Token Utility of $EMYC&#x20;

1. Gas fees - EMYC is the gas fees that users pay for all onchain transactions within the E Money Network ecosystem.&#x20;
2. Validator rewards  - All validators will be KYCed, and they are a core component of the E Money Network as they verify and validate transactions in the ecosystem. $EMYC is used as a validator reward to incentivize them to keep working to ensure the smooth running of the network and maintaining its integrity.&#x20;
3. Payment for deploying dApps - Developers use EMYC as payment for building and deploying kinds of dApps - RWA, DeFi, DePIN or BankFi in the E Money Network ecosystem.
4. Staking rewards - $EMYC holders stake their tokens to earn staking rewards for helping secure the network. Staking $EMYC can give you more access to global IBANs and E Money Card.   &#x20;
5. Collateral for loans - $EMYC can be used as collateral for availing loans in the E Money Network ecosystem both by institutional investors and retail investors.&#x20;

### Token Details & Supply

**Token Name - EMYC**

**Token Type - BEP 20**&#x20;

**Total Token Supply - 400,000,000 EMYC**

**Circulating Supply - 29,972,770 EMYC**

**Official Details of $EMYC with contract address details here on Coingecko**&#x20;

[**https://www.coingecko.com/en/coins/emoneytoken**](https://www.coingecko.com/en/coins/emoneytoken)&#x20;

**Official CA on BSC chain : 0xe3f53c0d48360de764ddc2a1a82c3e6db5d4624d**&#x20;

### Token Distribution

$EMYC will be distributed across numerous stakeholders of the E Money Network ecosystem to ensure fair participation, incentivize network engagement, and promote long-term sustainability and decentralization.&#x20;

1. Validator Node (25% \~ 100,000,000 $EMYC) - Tokens allocated for validators that verify and validate transactions within the E Money Network ecosystem and help maintain its integrity. All E Money Network validators will be KYC’ed. The distribution of $EMYC tokens for running the node for each validator, and appropriate validator rewards for securing the network will come from this pool.&#x20;
2. Foundation Nodes (8% \~ 32,000,000 EMYC) - Tokens allocated for incentivising development and engagement within the E Money Network ecosystem, for long term growth of E Money Network blockchain, and ecosystem products like E Money wallet and cards will come from this pool.
3. Airdrops & Staking (1.5% \~ 6,000,000 EMYC) - Tokens allocated for rewarding users and stakers. Users powering the E Money network ecosystem to fuel its growth will be rewarded with $EMYC tokens from this pool. Additional incentives for further growth of the chain and supporting applications building on the top of E Money Network will come from this pool.
4. Liquidity (5% \~ 20,000,000 EMYC) - Tokens allocated for ensuring high liquidity within the ecosystem. This pool will facilitate the liquidity of other crypto assets for $EMYC.&#x20;
5. Ecosystem (33% \~ 132,000,000 EMYC) - Tokens allocated for powering the development and deployment of dApps within the E Money Network ecosystem.
6. Marketing (5% \~ 20,000,000 EMYC) Tokens allocated for carrying out marketing activities to promote E Money Network and $EMYC.
7. Teams (5% \~ 20,000,000 EMYC) Tokens allocated for rewarding E Money Network team members for their contributions.&#x20;

\ <br>