> For the complete documentation index, see [llms.txt](https://docs.mercurial.finance/mercurial/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mercurial.finance/mercurial/usdmer.md).

# $MER

## Token Distribution

1 Billion MER tokens will be minted and distributed over the next few years.

|     |                            |                                                                |
| --- | -------------------------- | -------------------------------------------------------------- |
| 20% | Seed                       | 3 year linear, with a 1 year lock up                           |
| 5%  | Private Sale               | 10% at token listing event, Linear for 2 years after one month |
| 5%  | IEO + Liquidity Provisions | 1% to IEO on different platforms, 4% for liquidity provision   |
| 30% | Liquidity Incentives       | 40% first year. Halving each year after.                       |
| 20% | Team and Advisors          | 4 years linear, with a 1 year lock                             |
| 20% | Ecosystem/Reserve          | 20% a year for 5 years                                         |