# Tokenomics

![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbNcsg0KYtCgLqwWlcH%2F-MbOIifwgdGJNp61OwzG%2FTokenHeader%20\(1\).jpg?alt=media\&token=5de6653f-3c9e-4cfe-bb24-40e04320b55b)

## Distribution

#### 1,000,000,000,000 Total Supply

* **74.5%** (745,000,000,000) allocated to [METASHIP Rewards](#metaship-rewards)
  * Immutable mint limit, contract ownership keys burned

* **20%** (200,000,000,000) allocated to [Liquidity Provider Incentives](#liquidity-provider-incentives)
  * Locked in [GYSR](https://app.gysr.io/geyser/0x4fd8e5604f0071c10a126ef976d07e48f246b702), keys burned

* **0.5%** (5,000,000,000) allocated as [Initial Liquidity](#initial-liquidity)

  * Locked in Sushiswap LP, keys burned

* **0% accessible by developers**
  * **This is a "fair" pro-chaos launch.**

## METASHIP Rewards

Every block (13.3s), METAL is distributed (made available to collect) to every METASHIP in existence. The amount of METAL distributed per ship scales based on (1) individual ship [attributes](https://docs.metaships.io/metaships/attributes) and (2) the weekly multiplier.

"Pending" METAL is then stored on each individual ship and will stay with it in the event of an ERC721 token transfer.

### Weekly Multipliers

Weeks are defined as groups of 45,473 Ethereum blocks, starting at the GENESIS\_BLOCK of the METASHIP contract. Weekly multiplier applies to the base metal generated by each METASHIP for that week.

**Important to note, any METASHIPS with pending METAL at the end of a week (when the multiplier changes) will have their pending METAL SLASHED.** As such, it is important to collect your METAL at least once a week.

![](https://2575907625-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MbD2dRD9ZP6eZelhj94%2F-MbTYOKQzscsoCby-BEU%2F-MbTY_Lq3eCeMEcxXxk6%2Fimage.png?alt=media\&token=b1594434-cbd3-4bed-bf1c-5058fbd28025)

* Week 1 = 16x
* Week 2 = 10x
* Week 3 = 8x
* Week 4 = 5x
* Week 5 = 4x
* Week 6 = 3x
* Week 7-8 = 2x
* Week 9+ = 1x 

## Liquidity Provider Incentives

To encourage deep METAL liquidity, 200,000,000,000 METAL will be distributed over 32 weeks via [gysr.io ](https://app.gysr.io/geyser/0x4fd8e5604f0071c10a126ef976d07e48f246b702)to those providing liquidity on the following pairs:

* [SUSHISWAP ETH/METAL](https://app.sushi.com/add/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2/0xe1ab817b1eda1b05785b731060658885c91acd89)

## Initial Liquidity

This METAL will be locked into the ETH/METAL LP pair on SUSHISWAP and the controlling wallet's keys will be permanently burned.

The starting price of METAL will be **$0.0000002**