> For the complete documentation index, see [llms.txt](https://0xpolymeme.gitbook.io/polymeme/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://0xpolymeme.gitbook.io/polymeme/tokenomics.md).

# Tokenomics

## 5% transfer tax

The first 2% is burned, and the other 3% automatically paired in LP via smart contract. None of the transfer tax on the token goes to the developers! Worth noting: because of this transfer tax, when trading on Quickswap make sure to use at least 5% slippage to account for the 5% tax on MEME transactions.

## Pre-Mint (launch details)<br>

At launch 500 tokens were pre minted before ownership was transferred to master chef.\
Out of that pre mint:\
\- 400 MEME were put directly into quickswap liquidity at 0.5 MEME per matic (matic was $2)\
\- 60 MEME were allocated to community giveaways\
\- the last 40 were allocated to advertising funds. \
Dev Liquidity contribution locked for 365 days via [openzeppelin ](<https://openzeppelin.com >)standard [secure token time locking contract (verified) ](https://polygonscan.com/address/0xB6b9f14A318063BA44D5f21D34fEF0E1016ECA8c#code)<https://polygonscan.com/address/0xB6b9f14A318063BA44D5f21D34fEF0E1016ECA8c#code>

## Emission rate: <br>

0.6 MEME per block at start block Lowered to 0.5 on friday then by 0.05 every 3 days.\
This is subject to adjustment over time. \
\
The lowering rate after Friday(06-18-2021) is a general guideline, and we will be doing an overview of tokenomics at each time to best balance:\
\- apr based on current supply\
\- volume, burn\
\- and price\
in order to get desired APR and price stability. \
\
Once investigation on those factors is complete, we will share our results and poll for opinions before going through with submitting it to the [timelock transaction queue](https://polygonscan.com/address/0x381e6e2abf016a972eef1eb06f40fdb63961c2c3#code). This ensures for the security of our users, all updates to our contracts must go through a "timelock" and be publicly visible before coming into effect 24 hours for master chef and 48 hours for token burn rate changes). For more info see the timelock security section.