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

# MKLabs Tokenomics

$MILKY token $MILKY token represents the common currency of the lending economy. The $MILKY token is issued based on the Binance Smart Chain, which is entirely decentralized. We take transaction fee of 1%. All transaction fees generated from buying, selling are returned 70% of the supply to the reward economy.

![](https://3715787414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlVYpBBBZECzqztmZAa%2Fuploads%2Fl56x2t82hlXlRcfB0dW1%2FMilkyway_logo_400x400.png?alt=media\&token=4aeb1a99-ee0b-4c3e-8c7c-d9ae03f7a1bb)

## Specification

* Token Name: MilkywayEx
* Ticker: $MILKY
* Total supply: 16,000,000,000 $MILKY
* Contract Address: <https://bscscan.com/address/0xa7002fccc20f10a38c579a8d2d14d34f2a9a02a5>

## **Token Allocation**

![](https://3715787414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MlVYpBBBZECzqztmZAa%2Fuploads%2FOozmu1Dmg8L2LPlsO9I4%2FTokenomics.png?alt=media\&token=1bcf7ade-b126-4e38-94d9-14a04d695d65)

The table below shows initial market capitalization, the total supply, and how we allocate tokens to incentivize a fast-paced yet sustainable growth of the **MilkywayEx** community.

| Allocation           | Percentage | Amount ($MILKY) | Vesting                                  |
| -------------------- | ---------- | --------------- | ---------------------------------------- |
| Private Sale         | 19.50%     | 3,120,000,000   |                                          |
| Public Sale(KYC IDO) | 48.24%     | 7,718,400,000   |                                          |
| Farming              | 12.5%      | 2,000,000,000   |                                          |
| Team                 | 10%        | 1,600,000,000   | Lock 3 years & Vesting 2% every 8 months |
| Backer               | 6.88%      | 1,100,000,000   | Lock 2 years & Vesting 1% every 4 months |
| Marketing            | 2.26%      | 361,600,000     |                                          |
| Airdrop              | 0.63%      | 100,000,000     |                                          |