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

# The $PERQ Token

$PERQ is an ERC-20 utility token deployed on Ethereum mainnet.

Contract Address: <mark style="color:purple;">0x2a414884a549ef5716bc1a4e648d3dc03f08b2cf</mark>\
Total Supply: 2,000,000,000

The PERQ token has the following functions:\
\
1\. Recycling PERQ for the BEANS virtual currency (25% permanently burned, 75% recycled into Earn Pool rewards)\
2\. Reward Token for PERQ Earn Pools\
3\. Tradeable representation of PERQ utility

<figure><img src="/files/AcgfhWzYkMgzFGDPRlSS" alt=""><figcaption><p>$PERQ Tokenomics</p></figcaption></figure>

**Tokenomics**:

**Seed Investors** — 800,000,000 $PERQ, purchased at $0.003 per token in Q2 2024. 15% Unlock, 2 month cliff, 10 month linear vesting.

**Public Sale** — Up to 120,000,000 $PERQ, $0.0038 per token. 100% Unlock, all proceeds go to DEX LP.

**Liquidity** — 160,000,000 $PERQ. 100% Unlock. Seeding DEX liquidity and to be given to market makers if needed.

**Treasury** — 160,000,000 $PERQ. 3 month cliff, 13 month vesting, to be used in special circumstances. Never to be sold on the open market.

**Airdrop & Farming**— 80,000,000 $PERQ. 50% Unlock, 12 month vesting. May be used to amplify $PERQ Earn Pool Rewards to support the Flywheel early on.

**Ecosystem & Marketing** — 200,000,000 $PERQ. 30% Unlock, 1 month cliff, 12 month vesting. To be used for key activations as well as potential CEX listings.

**Advisors** — 80,000,000 $PERQ. 9 month cliff, 18 months vesting.

**Team** — 400,000,000 $PERQ. 9 month cliff, 24 months vesting.