---
description: >-
  $TYPE, the governance token of TypeIt, lies at the heart of our thriving
  ecosystem.
---

# $TYPE

## Overview&#x20;

$TYPE is TypeIt's governance token and serves as the core of the TypeIt Ecosystem, unlocking the boundless potential of decentralization. As a proud holder of $TYPE, you have a say in shaping the destiny of TypeIt. Join our vibrant community and contribute to the growth of the TypeIt DAO.

## Mechanism

During the first year, there will be a monthly release with a 10% reduction, and any further production reductions will be determined through community voting.&#x20;

## Token Utilities

### Staking and Governance

TYP holders have the opportunity to participate in the staking program, which serves as an incentive for holding the token. Stakers are rewarded with newly minted $TYPE and have the ability to participate in the Type It! governance process. The revenue generated is used to reward participants and promote a thriving $TYPE economy.

### Navigating the Ecosystem&#x20;

As the primary currency in the Type It! ecosystem, $TYPE plays a crucial role in various NFT-related activities such as purchasing, upgrading, and creating keyboard NFT themes. Additionally, the token can be burnt by using private chat functions, mini-games, and user-generated content.&#x20;

### Exclusive Accesses

As a $TYPE holder, you will have exclusive access to certain parts of the Type It! ecosystem, including special games and blind boxes. The level of exclusivity is directly proportional to the amount of $TYPE held, providing a clear incentive for accumulation. By holding a larger amount of $TYPE, you will also have a greater chance to unlock higher-level NFT keyboards, increasing your earning potential.

### Community Engagement

$TYPE acts as a unifying force for the Type It! community and can be used for community-building events, such as airdrops and task-based events. $TYPE holders are eligible to participate in the Type It! DAO by submitting ideas, and proposals, and participating in the UGC (user-generated content) events.

## Revenue Sources&#x20;

TypeIt generates revenue from various sources including marketplace fees, NFT royalties, transaction fees, DEX fees, and function-generated revenue. A portion of these revenues will be allocated to the treasury for $TYPE burning, while the remaining part will contribute to the reserve for the staking program, ensuring continuous community benefits and engagement.

<figure><img src="https://3097363452-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1J0E5XqWOIP7EkQruCdi%2Fuploads%2FMu26Agfu7070omlhEUSC%2FHow%20Will%20We%20Use%20the%20Revenue.jpg?alt=media&#x26;token=c9a570ae-da6b-44aa-8b76-3c3920469b2e" alt=""><figcaption></figcaption></figure>

## Allocation&#x20;

$TYPE is the governance token of TypeIt, with a total supply of 1 billion tokens. The token distribution follows a carefully planned mechanism.&#x20;

In the first year, there will be a monthly reduction of 10% in token release, and subsequent reductions will be determined through community voting.&#x20;

The allocation of tokens is as follows: 50% (500 million tokens) for Type to Earn production, 10% (100 million tokens) for investment institutions, with a lock-up period of 3 months and a linear release over 24 months.&#x20;

Additionally, 2% (20 million tokens) will be allocated for the IEO, fully unlocked upon the Token Generation Event (TGE), and 0.5% (5 million tokens) for the IDO, also fully unlocked upon TGE. The team will receive 14% (140 million tokens), with a lock-up period of 6 months and a linear release over 60 months.&#x20;

1% (10 million tokens) will be reserved for airdrops and activities, with a linear release over 60 months. Partners and advisors will receive 2.5% (25 million tokens), with a linear release over 24 months. The treasury and reserves will hold 15% (150 million tokens), with a linear release over 60 months. Lastly, 5% (50 million tokens) will be allocated for liquidity, with a linear release over 60 months.\


<figure><img src="https://3097363452-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1J0E5XqWOIP7EkQruCdi%2Fuploads%2F8Kb2TUrwgdb1DieYHOcX%2FToken%20Allocation.jpg?alt=media&#x26;token=ad7200aa-725d-49bf-9daf-1488c54b40c3" alt=""><figcaption></figcaption></figure>
