> For the complete documentation index, see [llms.txt](https://ocelex.gitbook.io/ocelex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ocelex.gitbook.io/ocelex/tokenomics/initial-supply-and-emissions-schedule.md).

# Initial Supply and Emissions Schedule

## Initial Supply

<figure><img src="/files/fRAj2Izxs13Lkg1uVqbh" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="239" align="center">Category</th><th width="92" align="center">%</th><th width="151" align="center">Allocation</th><th align="center">Vesting</th></tr></thead><tbody><tr><td align="center">Protocol Activations</td><td align="center">4%</td><td align="center">4,000,000</td><td align="center">Permanently locked veOCX </td></tr><tr><td align="center">Community Airdrop</td><td align="center">50%</td><td align="center">50,000,000</td><td align="center">Max locked veOCX (2 years lock)</td></tr><tr><td align="center">Early Adopters</td><td align="center">9%</td><td align="center">9,000,000</td><td align="center">50% oOCX, 50% veOCX (2 years lock)</td></tr><tr><td align="center">Ecosystem </td><td align="center">3%</td><td align="center">3,000,000</td><td align="center">100% at TGE</td></tr><tr><td align="center">Initial Liquidity </td><td align="center">2%</td><td align="center">2,000,000</td><td align="center">100% at TGE</td></tr><tr><td align="center">DAO Treasury</td><td align="center">20%</td><td align="center">20,000,000</td><td align="center">Permanently locked veOCX </td></tr><tr><td align="center">Marketing</td><td align="center">2%</td><td align="center">2,000,000</td><td align="center">100% at TGE</td></tr><tr><td align="center">Advisors</td><td align="center">1%</td><td align="center">1,000,000</td><td align="center">Max locked veOCX (2 years lock)</td></tr><tr><td align="center">Pre-Seed</td><td align="center">3.8%</td><td align="center">3,800,000</td><td align="center">Distributed as veOCX: 30% after 6 months, 30% after 12 months, and 40% after 24 months.</td></tr><tr><td align="center">Strategic</td><td align="center">3.2%</td><td align="center">3,200,000</td><td align="center">10% at TGE, 10% as veOCX after 6 months, and 80% as veOCX after 24 months.</td></tr><tr><td align="center">Public Sale</td><td align="center">2%</td><td align="center">2,000,000</td><td align="center">25% at TGE, then 25% locked in veOCX for 6, 12, and 24 months.</td></tr></tbody></table>

## Emissions&#x20;

<figure><img src="/files/fvFKO8UaLOKKgUmmz3oB" alt=""><figcaption></figcaption></figure>

The initial supply of `OCX` is 100M, with 85M distributed as vote-locked (`veOCX`) tokens.

**Emissions specifications**

* *Weekly emissions (at inception)*: 5,000,000 `OCX`
* *Weekly emissions decay*: 1%
* *Weekly developer wallet allocation*: 4%
* *Weekly* `veOCX` *rebases*: Starts capped at 52% then the cap is reduced by 1% every week for 52 weeks until it reaches 0%
* *Emissions for liquidity providers*: starts at 44% and grows up to 96% in the a period of 52 weeks.

## Rebase & Anti-Dilution Mechanism

veOCX holders receive rebases proportional to OCX emissions and their voting power. Ocelex combines an anti-dilution rebase mechanism with a vote-lock model, offering protection against dilution for veOCX holders.

\
The system starts with a **52% anti-dilution cap**, decreasing by **1% per week** over a year. Rebases are tied to veOCX voting power, meaning the longer you lock, the more rebases you earn, incentivizing long-term participation and ensuring fair distribution over time.
