# Tokennomics

## Token Supply

$PHUX is the governance & utility token of PHUX protocol and is designed to truely allow a community owned DEX.&#x20;

**10 billion tokens fixed supply (not inflationary)**

50% -- Community via LP Incentives (staking-gauges voted by vePHUX holders) over 6 years

25% -- Community via Airdrop (various rounds)

25% -- Team & Contributors (no locking or vesting)

## Governance

### vePHUX

vePHUX, a derivative of the 80/20 pool, is a time-locked and non-transferable asset. Holders of vePHUX, also known as PHUX Governors, play a crucial role in the governance of the protocol. They actively participate in voting on a broad spectrum of proposals that encompass decisions such as directing PHUX incentives for specific pools.&#x20;

In other words, if you hold vePHUX, you get to decide which liquidity pools get what farming APR%.&#x20;

### Protocol Fees

60% of the protocol fees (swap fees) goes to LP providers.

40% of the protocol fees (swap fees) goes to vePHUX holders.
