# Tokenomics

The tokenomics of RED-P

Total Supply: 100.000

Initial Circulating Supply: 25.000

Ticker Symbol: RED-P

Transaction fee: 1% (30% instant burn, 70% will flow back into the yield farm pool)

Max Transaction Size:

$maxTransactionSize = {circulatingSupply * round(4*(1,05 - {circulatingSupply \over totalSupply})}, 2)$

Reward per Block:

$blockReward = {totalSupply-circulatingSupply \over 30*24*1200}$

The block reward is re-balanced every 1200 blocks (~one hour). The actual block reward will depend of the amount of transactions done and the current circulating supply as well as the burned supply.

## Launch

Before the farms will start an initial amount of 25.000 tokens will be transferred to the development wallet from which 20.000 RED-P will be used to provide initial liquidity. The remaining tokens are used as a reserve, for future development.

Farming will start at block 5732580. Which is ~ March 16th, 2021 at 14:00 UTC.