# FOREX tokenomics

$FOREX is the token of the handle protocol. it will be distributed as a reward for protocol accretive actions by participants and will allow holders to contribute to platform governance.

in order to be an active participant in handle.fi governance you must acquire [**veFOREX**](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex) first. 

holders of [veFOREX](https://docs.handle.fi/tokens-and-governance/governance-staking-veforex) can participate in protocol governance, receive up to 2.5x boosted rewards across a range of protocol accretive actions, and receive a share of protocol earnings for their $FOREX liquidity provision.

### [**token supply**](#user-content-fn-1)[^1]

a total 420,000,000 FOREX will be minted across an initial 182 week period; followed by a 2.1% annual terminal inflation rate.

### **token issuance allocations and vesting schedule\***

* 22.0%  team and advisors  ([**vesting complete**](broken://pages/-Mjbc2RiAW589ff9gGrb))
  * 10% vest at 3 months post TGE.
  * Balance equal across 18 months
* 26.9%  strategic partners. ([**vesting complete**](broken://pages/-Mjbc2RiAW589ff9gGrb))
  * 25% vest at TGE
  * Balance equal across 12 months
* 5.0%    community TGE (no vesting).
* 41.1%  protocol rewards;
  * vault collateral stakers.
  * fxToken minters. 
  * fxToken liquidity and fxKeeper pool stakers. 
  * governance pool stakers.
* 5% handle DAO & community rewards. (premint)

\*rounded to the nearest 0.1%, indicative only and final % may vary. 

![FOREX token distribution](/files/-MhI27L-CQf-MiGbA2Z1)

more details on vesting can be viewed [**here**](https://docs.google.com/spreadsheets/d/1ORWZjmikO3gFen0be3uUKmrQUz5SEq3hwEubKMRf87Y/edit?usp=sharing)

[^1]:


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