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

# Tokenomics

Token Information

KPE token address: [0x3817e3f374bABcB0CFa5A39EB59d97aDc6812098](https://explorer.kava.io/address/0x3817e3f374bABcB0CFa5A39EB59d97aDc6812098/transactions)

After staking KPE, you will receive staked KPE: 

KPE staked token address: [0xbf1E247cc2B36b3f3caE91bEd258EDa9788d933f](https://explorer.kava.io/address/0xbf1E247cc2B36b3f3caE91bEd258EDa9788d933f/transactions)

## Staking

Staked KPE generates three reward types: 

* KAVA
* esKPE 
* Multiplier Points

30% of swap and leverage trading fees are converted to $KAVA and distributed to the accounts staking KPE.

## Treasury Assets

The KPE-USDC LP liquidity is provided and owned by the Protocol ([Locked](https://www.team.finance/view-coin/0x9321922ae0e4Ad4642707cAc5bBaECF9C26f2B18?name=ElkLiquidity\&symbol=ELP\&chainid=0x8ae)). 

## Supply

The maximum supply of KPE is 5,000,000. 

**Circulating supply changes are dictated by the number of tokens that are distributed through other DEXs, vested, burnt and spent on marketing.** 

KPE allocations are:

* 500,000 KPE reserved marketing, partnerships and community development (not allocated)
* 3 million KPE reserved for rewards (as esKPE which can be converted over time to KPE)
* 500,000 KPE paired with USDC for liquidity on Elk Finance
* 150,000 KPE for KPerp.Exchange team (linearly vested over two years)
* 600,000 KPE allocated to presale

### Presale 

**KPE** token price at launch**: 1 USDC**

* **Whitelisted public** presale = 600,000 KPE at 8% discount *(0.92 USDC/KPE), 500 slots*

* 12% of the total supply (600,000) KPE tokens will be distributed through a presale:

* -> 500,000 USDC as initial KLP liquidity (owned by the KPE Treasury)

Liquidity is owned by the KPERP protocol and [locked](https://www.team.finance/view-coin/0x9321922ae0e4Ad4642707cAc5bBaECF9C26f2B18?name=ElkLiquidity\&symbol=ELP\&chainid=0x8ae).


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