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

# THALES Token Distribution

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THALES is a standard ERC-20 used by the community as the governance token of Thales DAO. Token distribution follows the outline below:

### Distribution Breakdown

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Pie chart of token distribution
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Unlock schedule
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**8.75% to SNX stakers**

* 2.25% SNX staking distribution up until implementation of [**TIP-37**](https://github.com/thales-markets/thales-improvement-proposals/blob/main/TIPs/TIP-37.md)  - <mark style="color:blue;">**Distribution Completed**</mark>&#x20;
* 4.5% Retroactive distribution for SNX staking (L1 and OP)  - <mark style="color:blue;">**Distribution Completed**</mark>&#x20;
* 2% Airdropped to every SNX staker (L1 and OP) - <mark style="color:blue;">**Distribution Completed**</mark>&#x20;

**18% Thales Core Contributors** - Vesting for 3 years starting Q2 2022

**15% THALES stakers** - Ongoing 3 year long distribution that started Q4 2021 Includes SNX stakers in gamified staking rewards bonus, along with protocol volume bonus

**58.25% Growth Fund:**

* **9% to Strategic Partners** - 2 year long distribution that started Q4 2021&#x20;
* **2% Crowdpooling event on DODO -&#x20;**<mark style="color:blue;">**Distribution Completed**</mark>&#x20;
* **1% Initial DODO LP reward -&#x20;**<mark style="color:blue;">**Distribution Completed**</mark>**&#x20;**&#x20;
* **46.25% to ThalesDAO treasury**&#x20;
  * 18% Distributed to Treasury on TGE to be used as ad-hoc Growth incentives&#x20;
  * 2% sent back to treasury from disengaged Thales Core Contributor ([**TIP-9**](https://github.com/thales-markets/thales-improvement-proposals/blob/main/TIPs/TIP-9.md))&#x20;
  * 26.25% reallocated to Treasury from termination of SNX rewards ([**TIP-37**](https://github.com/thales-markets/thales-improvement-proposals/blob/main/TIPs/TIP-37.md))

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You can find a more detailed explanation of THALES tokenomics in this [Medium article](https://thalesmarket.medium.com/thales-tokenomics-v2-0-bd4b59c4e74c).
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