> For the complete documentation index, see [llms.txt](https://docs.neworder.network/new-order/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neworder.network/new-order/protocol-overview/tokenomics.md).

# Tokenomics

![](/files/U5dVwTIYQyJUPRQNYc44)

* **Core Team:** 20% 
  * 1 year cliff with with a 4 year vest
* **LBP:** 3% sold on the Miso Dutch auction 
* **Airdrop:** 5%
* **DAO Treasury:** 38% governed by NEWO holders
* **Liquidity Mining:** 14%
* **Investors and Advisors:** 20% 
  * 6 month cliff with a 2 year vest 
* **Max Supply:** 800m