> For the complete documentation index, see [llms.txt](https://flywheel-finance.gitbook.io/flywheel-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flywheel-finance.gitbook.io/flywheel-finance/fly-token-first-flywheel/fly-tokenomics.md).

# FLY Tokenomics

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Fly token address: 0x5Ba62cbDab03aC70652293e5F5f8afC919CfFd78
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## Token and supply distribution

All tokens will be fully minted during the stealth launch on Lynex. There is no team allocation and no more minting in the future! \
\
Total supply: 1,000,000,000:\
\
500,000,000 for the initial LP \
500,000,000 for bribes (spread over 10 weeks) 

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The Lynex team will manage the initial bribes! It is kept in their treasury wallet: 0x410303943dc392631fb202f429c363dea1feb2e2
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### FLY Token Tax

5% tax on each transfer:\
A 5% tax will be applied to each transfer, with the primary goal of increasing protocol-owned liquidity (POL). The treasury will not sell FLY tokens to create more POL or buy veLynx; instead, this will be done mainly through farming and using voting rewards. For the first 10 weeks, the team will use initially reserved bribes, and after that, taxes will fund ongoing bribes for the FLY-USD+ farm, ensuring continued incentivization and protocol stability.

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The tax applies to each on-chain transfer! That includes sending FLY tokens to another wallet.
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