plugonomics

Supply

The initial supply of $PLUG began at 3.3 Billion tokens and decreases over time as tokens are burned. At the time of writing the $PLUG supply is 3.179 Bilion tokens, a 3.6% decrease in total supply. $PLUG was originally deployed on Ethereum, but supply has now been bridged between Ethereum, Base, and Berachain.

Taxes

5% of each token transfer (buy, sell and transfer between wallets) is deducted to ensure the plug stays in. These taxes are distributed as follows:

• 2.5% is used to sweep Honey Comb NFTs

• 1% is burned

• 1% goes to Beraplug team & operations

• 0.5% goes into one of $PLUG’s liquidity pools

There are some exciting updates to the tax system coming on Berachain. Head to “What’s next on Berachain” section to find out more

Initial Distribution

The entirety of the $PLUG supply was squirted into existence on Valentine’s Day 2024. It was distributed using these rules, with a snapshot taken for the community element on February 7th 2024.

• 33% genesis community airdrop (snapshot taken Feb 7):

  • Honey Comb

  • Ooga Booga Tickets (must have >= 50 tx and >= 0.02 ETH on Ethereum mainnet)

  • $MIJANI

  • Bong Bears and rebases

  • Legend of Beraplug lore videos

  • Beraplug Mirror articles

  • P.L.U.G. tracks

• 6.9% reserved for future ecosystem & partnership distributions

• 40.2% was deployed as liquidity

• 19.9% team, early contributors, and advisors with 12 months vesting