# YMWK(Yamawake DAO Token) ### What is YMWK？ YMWK(Yamawake DAO Token) is utility token embeded to Yamawake. Initial issuance is 450,000,000, with 55,000,000 issuance in the first year and annual diminishing issuance of 10% over 235 years. Max supply is 1,000,000,000. Ticker：YMWK Token Address：0x15Dac05C93e1c5F31a29547340997BA9f6ec4F87\ [DEX link](/english-3/readme/dex-liquidity.md) ### Allocation

Percentage(%)	For	Note
5	Developer Incentives
5	Initial investors	Airdrop to TXJP holders
5	DEX LP & Auctions	TXJP pair on Uniswap & Curve, two public auctions
5	Community Treasury	safe.defigeek.eth
5	Early User Rewards
10	CurveLP Budget	5 years vesting
10	Phase 2 investors	3 years vesting with 2 year cliff
55	User Rewards	5.5% at year 1. diminishing 10% p.a.(i.e.4.95% for year 2) for 234 years

## What is veYMWK? A veYMWK is a non-transferable token obtained by locking a YMWK. 1 YMWK = 1 veYMWK for a lock of up to 4 years. For a one-year lock, 1YMWK = 0.25 veYMWK. Decays over time. The lock period can be extended to a maximum of four years at any time, but cannot be shortened or cancelled. ### veYMWK utility Protocol fee\ YMWK rewards\ Others TBD --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.yamawake.xyz/english-3/readme/ymwk-yamawake-dao-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.