> ## Documentation Index
> Fetch the complete documentation index at: https://mintlify.com/p2pdotme/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Token Allocation

> Distribution of the 25.8M token supply

## Allocation Breakdown

| Category         | Tokens         | % of Supply | Vesting                                    |
| ---------------- | -------------- | ----------- | ------------------------------------------ |
| **MetaDAO Sale** | **10,000,000** | **38.8%**   | Unlocked at launch                         |
| **Liquidity**    | **2,900,000**  | **11.2%**   | Treasury-provided to DEX pools at launch   |
| **Team**         | **7,740,000**  | **30%**     | Performance-based (see vesting)            |
| **Investors**    | **5,160,000**  | **20%**     | 1-year cliff, then quarterly (see vesting) |
| **Total**        | **25,800,000** | **100%**    |                                            |

<Info>
  No investor or team tokens unlock at TGE. At launch, 12.9M tokens circulate (10M sale + 2.9M liquidity).
</Info>

## Initial Circulating Supply

At Token Generation Event:

* **10,000,000 tokens** distributed to MetaDAO sale participants
* **2,900,000 tokens** provided to DEX liquidity pools
* **Total circulating:** 12,900,000 (50% of supply)

## Locked Allocations

**Team tokens (7.74M)** follow performance-based vesting tied to protocol milestones, not time. See [Vesting Schedules](/investors/vesting-schedules) for details.

**Investor tokens (5.16M)** have a 1-year cliff followed by quarterly unlocks over the next 12 months.

## Future Issuance

<Warning>
  Future issuance is governance-gated. Any new token minting requires approval through MetaDAO futarchy governance.
</Warning>