# 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](https://docs.yamawake.xyz/english-3/readme/dex-liquidity) ### 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