# Tokenomics

### Overview

BLACK is protocol token of Black Panther. Its main use case includes provide token holders a share of the protocol revenue, governance, and incentivization within the platform. 

#### Key Details

* **Ticker**: BLACK
* **Total Token Supply**: 800,000,000 BLACK
* **Blockchain**: Injective

### Token Distribution

<figure><img src="/files/ITU1wQWEz89TjQT6IjTe" alt=""><figcaption></figcaption></figure>

The total supply of BLACK tokens is strategically allocated to support the project's long-term viability and growth. The distribution is as follows:

* **Ecosystem (35%)**: 280,000,000 BLACK tokens are reserved for ecosystem development. \
  6% will be used for public sale. This allocation is intended to facilitate the initial distribution of tokens and engage early adopters. \
  14% will be used for operations. This includes our cost of running bots, cloud infrastructure, marketing, legal, and other administrative expenses necessary to maintain and grow the project. \
  15% will be used for liquidity provision. This allocation is crucial for ensuring adequate liquidity on exchanges and within the platform, facilitating smooth transactions for users.
* **Community Incentives (30%)**: 240,000,000 BLACK tokens are allocated for airdrops and various incentive programs. This is aimed at rewarding community members, fostering engagement, and encouraging platform usage. Distributed over 2 years.
* **Team (15%)**: 120,000,000 BLACK tokens are allocated to the team. This ensures that the project's developers and contributors are incentivized to continue improving and expanding the platform. 12-month cliff, linear vesting over 30 months.
* **Seed Round (15%)**: 120,000,000 BLACK tokens are reserved for our seed round. This segment targets strategic investors who can provide both capital and value-added services to the project. 6-month cliff, linear vesting over 24 months.
* **Pre-Seed Round (5%)**: 40,000,000 BLACK tokens are allocated for the pre-seed funding round. This phase is targeted at early investors who support the project's development in its nascent stages. 6-month cliff, linear vesting over 24 months.

### Token Utility

BLACK tokens serve multiple purposes within the ecosystem:

* **Governance**: BLACK token holders can participate in governance decisions, influencing the direction and updates of the platform.
* **Staking Rewards**: Users can stake their BLACK tokens to earn a share of the protocol's revenue.
* **Incentive Programs**: BLACK tokens are used in various incentive programs designed to reward users for their engagement and contributions to the ecosystem.

### Conclusion

The BLACK tokenomics are designed to ensure a balanced distribution that supports the project's long-term growth, incentivizes key stakeholders, and fosters a vibrant community. By aligning the interests of the team, investors, and users, BLACK aims to build a sustainable and thriving DeFi ecosystem on Injective.


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