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

# Tokenomics

$SPEC is a token on the Ethereum Blockhain it's contract address is:

[0xab0ceB816Ad51168Ea61545316eE0B3387122243](https://app.uniswap.org/explore/tokens/ethereum/0xab0ceb816ad51168ea61545316ee0b3387122243)

The $SPEC token is an integral component of the Speculate DAO's ecosystem, recognised for it's function as a 'share' of accumulated dividends.

$SPEC ownership is more than a 'Speculative' ERC 20 token it allows access to a share of dividends as and when they are accumulated from profitable investment strategies. 

An example of this would be a holder of 800,000 $SPEC with a circulating supply of 80,000,000. That holder would be entitled to 1% of the dividend pool. 

**Total Emission and Distribution Plan:** SpeculateDAO upholds a hard cap of 100,000,000 $SPEC in total token offering, to be distributed as follows:

* **50,000,000 $SPEC** through the private and public sale processes, which invites active community building and market distribution.
* **30,000,000 $SPEC** rebase = holder distribution over 360 days. This was completed 11/24.
* **7,500,000 $SPEC** Liquidity
* **12,500,00 $SPEC** Treasury

To build sustainability and a long term growth mindset we have 2 layers of token locks currently live. 

**The Alpha Lock** is for those who are consistently contributing to the growth of Speculate DAO. 

This lock is for 20 months ( ending on 31/12/26) it returns 8% APR paid quarterly. 

**The VIP Lock** is for those who want to receive an APR and support the DAO without active involvement.

This lock is for 20 months ( ending on 31/12/26) it returns 4% APR paid quarterly. 

***Speculate DAO currently has 52% of it's total supply ( 52,000,000 $SPEC ) locked across these 2 groups.*** 

<figure><img src="/files/LNErdbx5mkcssIJ3EEFw" alt=""><figcaption></figcaption></figure>

**Growth Fee**&#x20;

Speculate DAO has a 5% growth fee attached to all $SPEC token buy and sells&#x20;

* 3% of this fee goes to project sustainability
* 2% of this fee goes to our non profit foundation&#x20;


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