# The ENDR Token

ENDR is the governance token of Ender Protocol. It is distributed to users of the protocol for performing a variety of actions, and can be locked to participate in protocol governance.

### Earning ENDR

ENDR is distributed to protocol users for performing a variety of actions. Some examples include:

* Depositing to the Ender Bond
* Staking END tokens
* Setting a Bond Fee
* Directing protocol liquidity via sEND tokens
* LPing endETH with ETH and END

### Total Supply and Allocation

ENDR has a **maximum total supply of 3 billion**.

The supply of ENDR is allocated as follows:

* `2,000,000,000 ENDR` (66.67%) is allocated towards the **Community** through airdrops and emissions.
* `1,000,000,000 ENDR` (33.33%) is allocated to the **Contributors**. Vested over 3 years, with a 1 year cliff.

<figure><img src="https://2431142258-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FEj2McTrL0gx4WpFZ9Z5S%2Fuploads%2FiCOv9DBKU2m7xXUsBj4B%2F123213ENDR%20Allocation%20v7.png?alt=media&#x26;token=825a46ab-a5c8-420f-8c0f-9977fbc9ac90" alt=""><figcaption><p>The allocation is a broad categorization of the Community and Contributors.</p></figcaption></figure>

## Open Commons Decentralization

We define only 2 categories of the allocation, because we believe that Contributors and Community are the sum of the whole.

**Contributors** are all those who actively contribute to the building and development of the Ender technology and application. This does not mean an internal team, but anyone who is building on top of our platform.

**Community** is also a broad categorization, which is made up of all of the active participants in the community which includes partners and any group in which can be attributed to the community. As such, we can direct the [incentive emissions](#incentive-distribution-schedule) based on a set schedule to all of these groups via the governance process, streaming the incentives to these groups.

In essence, contributors can have a large impact on determining the community participants, while the overall community itself can as well. This creates a high level of decentralization which is based on two categories, **the community and users, and the builders and contributors.**

### Airdrop Distribution

For the first 3 months before and after the launch of the governance and emissions system, users will earn points to be eligible to be airdropped the governance token upon the token distribution. During this period, **30% of the Community allocation** will be airdropped to retroactive users of Ender Protocol plus other eligible users based on certain criteria.

The Airdrop Distribution will be as follows:

| Airdrop     | Season | % of Total | % of Total Supply |
| ----------- | ------ | ---------- | ----------------- |
| 200,000,000 | 1      | 33.3%      | 6.67%             |
| 100,000,000 | 2      | 16.6%      | 3.33%             |
| 100,000,000 | 3      | 16.6%      | 3.33%             |
| 100,000,000 | 4      | 16.6%      | 3.33%             |
| 100,000,000 | 5      | 16.6%      | 3.33%             |

{% hint style="info" %}
**The first airdrop (Season 1) be 6.67% of the token supply.** Afterwards, there will be 4 more airdrops over 5 seasons, every 6 months, over a total period of 24 months after the first airdrop, for 3.33% of the total supply each time.
{% endhint %}

### Incentive Distribution Schedule

In addition to the airdrop distribution, we shall introduce an emissions incentive program based on the following scheduled emission rate:

<table><thead><tr><th width="343">Time</th><th>Emissions</th></tr></thead><tbody><tr><td>Weeks 1-13</td><td>0.8% of the remaining emission tokens per week</td></tr><tr><td>Weeks 14-26</td><td>0.7% of the remaining emission tokens per week</td></tr><tr><td>Weeks 27-39</td><td>0.6% of the remaining emission tokens per week</td></tr><tr><td>Weeks 40-52</td><td>0.5% of the remaining emission tokens per week</td></tr><tr><td>Year 1-2</td><td>0.4% of the remaining emission tokens per week</td></tr><tr><td>Year 2-3</td><td>0.3% of the remaining emission tokens per week</td></tr><tr><td>Year 3+</td><td>0.2% of the remaining emission tokens per week</td></tr></tbody></table>

<figure><img src="https://2431142258-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FEj2McTrL0gx4WpFZ9Z5S%2Fuploads%2FAURZ9YSYT93HJ0AbhaXV%2F1243514ENDR%20Release%20Schedule%20v8.png?alt=media&#x26;token=a14d568d-2487-4528-be7b-3c3b8b6c8988" alt=""><figcaption></figcaption></figure>


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