# Tokenomics

We are ONE Community, we have ONE Token: **DEFIT**

### Contract

**DEFIT** is a digital coin available on Polygon blockchain.\
\
**Contract:** 0x428360b02c1269bc1c79fbc399ad31d58c1e8fda\
Click [here](https://polygonscan.com/token/0x428360b02c1269bc1c79fbc399ad31d58c1e8fda) to view on Polygonscan

### Supply and circulation

DEFIT has a maximum supply of 50,000,000 tokens.

100% of pre-sale and team tokens are fully vested since November 2021.

DEFIT Club Members hold 10,384,237 $DEFIT tokens as of July, 13th, 2023. Representing 38% of the total circulating supply.

A total of 913,674 $DEFIT tokens were rewarded to DEFIT community since launch.

There is currently 27,320,079 $DEFIT tokens in circulation as of July, 13th, 2023.\
All details can be found in real time via our API links:\
**Overall supply:** [https://defit.com/api/?q=totalcoins](https://defit.io/api/?q=totalcoins)\
**Circulating supply:** [https://defit.com/api/?q=circulating](https://defit.io/api/?q=circulating)

### Token allocation and distribution

100% of the supply is minted since May 2022.

| Category                                        | Allocation |   Balance  |
| ----------------------------------------------- | :--------: | :--------: |
| Floating token supply in circulation + DEX      |    37.5%   | 18,779,974 |
| M2E Rewards for sport activities                |     25%    | 12,500,000 |
| Operations and liquidity for future CEX listing |     15%    |  7,500,000 |
| Treasury available for future needs             |     12%    |  6,000,000 |
| Marketing for giveaways and campaigns           |    7.5%    |  3,720,026 |
| Team allocation for OKR incentives              |     3%     |  1,500,000 |

### Fees & Utilities

DEFIT is the premium token to be earned and used for in-app Move to Earn game mechanics.\
Upon release of our utilities a buy/sell tax on DEX will be implemented as indicated below:\
2% Buy tax / 6% Sell tax\
\
Collected taxes are used to support the project operations with a finite low supply of 50M tokens. It also contributes to further reduce price volatility.

* 100% of all taxes go back to Move-to-Earn reward pool

**Connect your Wallet**\
Connect the primary web3 wallet you want to use with the **DEFIT** app. We currently support: Metamask, Trustwallet, Ledger, Crypto.com wallet, IToken (Huobi wallet), Bitkeep. \
\
\&#xNAN;*Note: Please refer to* [Connect my Web3 Wallet](/how-to/connect-my-web3-wallet.md) *for the process flow and troubleshooting.*


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