> For the complete documentation index, see [llms.txt](https://docs.vela.exchange/vela-knowledge-base/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vela.exchange/vela-knowledge-base/exchange/tokenomics.md).

# Tokenomics

## Tokenomics

<figure><img src="https://1356357463-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrN46BgyysObtNusDYaGn%2Fuploads%2FXykExK4Jk9SW8xOdk9cq%2Fimage.png?alt=media&amp;token=21996422-948f-48a4-8c04-2671399e018d" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="218">Category</th><th width="98.33333333333331">Supply</th><th>Details</th></tr></thead><tbody><tr><td>Community Incentives</td><td>30%</td><td>Reserved for LP reward emissions, market making and platform liquidity rewards, beta test rewards, and other incentives.<br><br>Limited to 5% (2.5m) maximum yearly emissions.</td></tr><tr><td>Growth Fund</td><td>19%</td><td>Reserved for any future grants, DEX liquidity, market maker allocation for CEXs, team growth and other expansion efforts.<br><br>Limited to 10% (5m) maximum yearly emissions.</td></tr><tr><td>Marketing</td><td>5%</td><td>Reserved for marketing rewards including distributions via KOL partnerships, and co-marketing efforts with partners.</td></tr><tr><td> Core Team</td><td>16%</td><td>6 month cliff with linear vesting for 36 months, starting from time of onboarding.</td></tr><tr><td>DXP Bridging</td><td>18%</td><td>$DXP supply to be bridged until June 1, 2023. All of which will be claimable 1:1 for VELA.</td></tr><tr><td>Investors &#x26; Partners</td><td>10%</td><td>Allocated towards future investment rounds for VELA. These allocations will be subject to new cliff and vesting periods. </td></tr><tr><td>Advisors</td><td>2%</td><td>6 month cliff with linear vesting for 18 months, starting from the time of onboarding.</td></tr></tbody></table>

## Projected $VELA Emissions

<figure><img src="https://1356357463-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FrN46BgyysObtNusDYaGn%2Fuploads%2F2s2VMMjXn9cyxShiY3Dx%2Fimage.png?alt=media&amp;token=81c6b918-d60c-4685-8d05-aa113f20edad" alt=""><figcaption></figcaption></figure>

## Legacy DXP Holders

Participants in the Dexpools private or seed sales and any current $DXP holders may bridge their DXP tokens 1:1 into VELA tokens.&#x20;

DXP contract (Ethereum): [0x88aa4a6c5050b9a1b2aa7e34d0582025ca6ab745](https://etherscan.io/address/0x88aa4a6c5050b9a1b2aa7e34d0582025ca6ab745)

DXP contract (Metis): [0xa31848aa61f784cdbb6f74260d224a4356295799](https://andromeda-explorer.metis.io/address/0xA31848AA61F784CDBb6F74260d224A4356295799)

All vesting schedules from the original distribution will be maintained in the form of VELA from time of official launch.