# $EPX Tokenomics

The main purposes of the EPX token are to incentivise liquidity providers on Ellipsis.finance and to allow users to participate in the incentive distribution.

## Supply

The total supply of EPX is 132B tokens. The entire supply will be used to incentivise liquidity providers on Ellipsis.finance.

During the first 4 week period, `616,000,000` EPX were provided as rewards to be distributed equally over those 4 weeks. Subsequent 4 week blocks will decay this value by 1% and spread the rewards evenly over 4 weeks. As such, the emissions tail off indefinitely until reaching the limit of 132B tokens.

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A week in Ellipsis begins on Thursdays at 00:00:00 UTC, and ends on Wednesday at 23:59:59 UTC.
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## EPX distribution <a href="#d53f" id="d53f"></a>

Each week EPX lockers will be able to vote on which approved pool they would like to direct EPX rewards to. When voting closes, 1/4 of that month’s EPX rewards is split according to the vote and supplied to the pools.

Votes are reset to zero each week and the voting cycle starts again.

![](https://miro.medium.com/max/700/0*61lLEuAO9j7GGEHj.png)