# Tokenomics

## Tokenomics

<figure><img src="/files/atHnwHslF8SK6RIOCyWB" 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="/files/A4pTp2JhzAor7r3hFXeh" 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.


---

# 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.vela.exchange/vela-knowledge-base/exchange/tokenomics.md?ask=<question>
```

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.