# Tokenomics

## Information

<table data-header-hidden><thead><tr><th width="272.275897399572"></th><th width="416.52768629467045"></th></tr></thead><tbody><tr><td><strong>Token Symbol</strong></td><td>GAMMA</td></tr><tr><td><strong>Token Type</strong></td><td>ERC-20</td></tr><tr><td><strong>Contract Address</strong></td><td><a href="https://etherscan.io/token/0x6bea7cfef803d1e3d5f7c0103f7ded065644e197#code">0x6bea7cfef803d1e3d5f7c0103f7ded065644e197</a></td></tr><tr><td><strong>Network</strong></td><td>Ethereum</td></tr><tr><td><strong>Circulating Supply</strong></td><td>65,100,661</td></tr><tr><td><strong>Total Supply</strong> </td><td>100,000,000</td></tr><tr><td><strong>DEX Availability</strong></td><td>Uniswap V3</td></tr><tr><td><strong>CEX Availability</strong></td><td>None</td></tr></tbody></table>

<table data-header-hidden><thead><tr><th width="296"></th><th></th></tr></thead><tbody><tr><td>Token Symbol</td><td>xGAMMA</td></tr><tr><td><strong>Token Type</strong></td><td>ERC-20</td></tr><tr><td>Contract Address</td><td><a href="https://etherscan.io/token/0x26805021988f1a45dc708b5fb75fc75f21747d8c#code">0x26805021988f1a45dc708b5fb75fc75f21747d8c</a></td></tr><tr><td>Network</td><td>Ethereum</td></tr><tr><td><strong>Circulating Supply</strong></td><td>36,233,704</td></tr><tr><td>Total Supply</td><td>36,233,704</td></tr><tr><td><strong>DEX Availability</strong></td><td>None</td></tr><tr><td>CEX Availability</td><td>None</td></tr></tbody></table>

## GAMMA Tokenomics

### Snapshot

<mark style="color:yellow;">**Snapshot Date: December 18,  2023 @ 23:00 UTC**</mark>

{% hint style="warning" %}
This data is a **snapshot**. It only displays data accurate as of the snapshot date. Wallet balances are subject to change based on staking, team decisions, vesting contracts, liquidity changes, and more. For the most up-to-date token information, please consult Etherscan.
{% endhint %}

### Supply

| Circulation Category   | Total GAMMA   | % of Total Supply |
| ---------------------- | ------------- | ----------------- |
| Circulating Supply     | 65,100,660.54 | 65.10%            |
| Non-circulating Supply | 34,899,339.46 | 34.90%            |

![](https://1445436235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MWyc-TFyZIzH7aDRnpp%2Fuploads%2FNaJIJvnIrHg4HsU0MUfT%2FGAMMA%20Supply.png?alt=media\&token=d1ea674a-cb97-47eb-a598-2b9b57d9390a)

### Distribution

![](https://1445436235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MWyc-TFyZIzH7aDRnpp%2Fuploads%2FzDd4lp9BcPg0srnmt4lV%2FGAMMA%20Distribution.png?alt=media\&token=cc4bb55d-f5a9-402a-a9b3-28e95966efab)

<table><thead><tr><th width="280.3333333333333">Token Distribution Category</th><th>Total GAMMA</th><th>% of Total Supply</th></tr></thead><tbody><tr><td>Uniswap Liquidity</td><td>2,982,892.96</td><td>2.98%</td></tr><tr><td>Unstaked Circulating</td><td>22,159,791.10</td><td>22.16%</td></tr><tr><td>xGamma Staking</td><td>39,957,976.47</td><td>39.96%</td></tr><tr><td>Vesting</td><td>15,840,000.00</td><td>15.84%</td></tr><tr><td>Team Treasury</td><td>19,059,339.46</td><td>19.06%</td></tr></tbody></table>

### Distribution Definitions

#### Uniswap Liquidity

GAMMA in this category is the Uniswap V3 and V2 liquidity pools. Currently placed and managed by the team and native vault.&#x20;

#### Unstaked Circulating

GAMMA in this category is uncategorized and circulating. These include GAMMA held in private wallets, "dust", centralized exchanges, and other accounts.

#### xGAMMA Staking

GAMMA in this category has been deposited into the main staking contract to collect rewards.

#### Vested Funds

GAMMA in this category has been locked under vesting contracts. These contracts are locked with a beginning, cliff (some), and end dates. These funds include team funds, venture capital investors, partnerships, and other arrangements made by the Gamma team. [**See the vesting schedule below.**](#undefined)

#### Team Treasury

GAMMA is this category is locked on team-controlled multsigs and is used for various expenses like development, bounties, liquidity, partnerships, subsidies, and more.&#x20;

## Purpose / Utility

All Gamma vaults (Gamma Automated and Gamma Enterprise) create fees for liquidity providers.  Most of those fees are distributed to the LPs, and **a variable portion is distributed to GAMMA stakers**. Therefore, GAMMA stakers are exposed to all the vaults.&#x20;

The GAMMA token will evolve with the protocol over time. Other uses could arise, such as governance (DAO) functionality, other liquidity mining programs, leverage, and much more.&#x20;

## Vesting Schedule

The original 2021-2023 vesting round is complete. Per Coingecko rules, any vesting tokens remaining in vesting contracts are considered "vesting" and non-circulating. Approximately 9-10M GAMMA tokens remain in vesting contracts from this cycle.&#x20;

A new, smaller vesting round for the current operational team was established in 2023. This consists of approximately 6-7M GAMMA vested for four years (to 2027).&#x20;

## Legacy Tokenomics (VISR)

![](https://1445436235-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MWyc-TFyZIzH7aDRnpp%2Fuploads%2FTp7jg7XNfSbKm5GnmZt4%2FVisorsale.png?alt=media\&token=fa972434-f850-4813-b270-cd8b25690353)

Here you will find the VISR distribution on launch. The initial distribution occurred in March 2021. Not many things have changed since the launch. A fundraising round was conducted. &#x20;

{% embed url="<https://medium.com/visorfinance/announcing-the-token-distribution-and-launch-of-visor-finance-22a84f5556e1>" %}