# MONKE

## **Token**

**Ticker:** MONKE

**Contract Address:**  [0x1A0373828B058E2c8D39c3Ddd1Df06DCc6201a32](https://explorer-mainnet.maticvigil.com/address/0x1A0373828B058E2c8D39c3Ddd1Df06DCc6201a32/transactions)

**Chain:** MATIC

## **Supply**

MONKE is inflationary by nature and supply is controlled through buybacks and burns.

There is also a 1% fee on all MONKE transactions that is sent directly to the burn address.&#x20;

There is no supply cap at this time. We will continue to add new ways to spend MONKE and reduce overall supply.&#x20;

Track the current supply and burned MONKE on our [home page](https://monkefarm.finance).

## **Emission rate**

1 MONKE/block\
10% of every emitted MONKE is sent to the Monke Farm Treasury.

## **Utility**

* Staking
* Platform Fees (buyback and burn)
* Governance (to be implemented)

## **Pool Fees**

![](https://2370850062-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M_8x3QX45bqQWvH2W5r%2F-M_exSQmi5aMjL20cwsZ%2F-M_exlTKkMqX-bxlaPR5%2Fimage.png?alt=media\&token=f38555a0-d8b0-41f3-903c-9da05d72f2b0)

* 50% - Purchase MONKE on open exchanges and burn.
* 25% - Donate to charities listed on our charities page via [The Giving Block](https://www.thegivingblock.com).&#x20;
* 25% - Sent to the Monke Farm Treasury for marketing, growth and development.

**Example:**\
\
Our USDC pool has 4% fee (2% buyback + 1% Donate + 1% to Monke Farm Treasury)\
\
If you deposit $1000, $40 gets sent to the fee wallets.

* 20 USDC is being used to market-buy more MONKE to be burned daily
* 10 USDC is donated to Charities listed
* 10 USDC is sent to the Monke Farm Treasury
