> For the complete documentation index, see [llms.txt](https://docs.aqua.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.aqua.network/aqua-and-ice/aquanomics.md). # AQUAnomics ## Supply 100 billion AQUA is the total supply, issued once on the Stellar network. This is a hard cap — no more AQUA will ever be created. > **Token details:**\ > \&#xNAN;*asset code: **AQUA***\ > \&#xNAN;*home domain: **aqua.network***\ > \&#xNAN;*issuer account:* [**GBNZILSTVQZ4R7IKQDGHYGY2QXL5QOFJYQMXPKWRRM5PAV7Y4M67AQUA**](https://stellar.expert/explorer/public/account/GBNZILSTVQZ4R7IKQDGHYGY2QXL5QOFJYQMXPKWRRM5PAV7Y4M67AQUA) ## Allocation | Allocation | Share | AQUA | | ---------------------------------------- | ----- | -------------- | | SDEX & AMM rewards | 50% | 50,000,000,000 | | Airdrops | 20% | 20,000,000,000 | | Institutional investors (3-year vesting) | 10% | 10,000,000,000 | | Founders & team (3-year vesting) | 10% | 10,000,000,000 | | Voting & staking rewards | 5% | 5,000,000,000 | | Advisors & partners (3-year vesting) | 2.5% | 2,500,000,000 | | Emergency fund | 2.5% | 2,500,000,000 |
AQUA allocation chart
Every allocation lives in a public on-chain wallet — all of them are listed [below](#allocation-wallets). ## How AQUA enters circulation * **Stellar DEX (SDEX) & AMM rewards** — half of the supply is distributed continuously to market makers and liquidity providers, on markets chosen through [liquidity voting](/voting-and-rewards/aquarius-voting.md). * **Airdrops** — 20% of the supply was distributed in two [airdrops](/archive/archive.md), both concluded; unclaimed AQUA went to the community DAO fund. No further airdrops are planned. * **Vesting allocations** — investors, team, and advisors receive their allocations on 3-year vesting schedules. * **Voting & staking rewards** — fund programs such as the [Reward Program for Delegates](/aqua-and-ice/overview/reward-program-for-delegates.md). ## What AQUA is for * **Directing emissions** — lock AQUA into ICE and [vote for markets](/user-guides/how-to-vote-for-markets-on-aquarius.md) to decide where SDEX & AMM rewards flow. * **Locking into ICE** — [freeze AQUA](/aqua-and-ice/ice-tokens-locking-aqua-and-getting-benefits.md) to boost voting power and LP rewards, and to participate in [governance](/governance/aquarius-governance-community-led-decision-making.md). * **Providing liquidity** — deposit AQUA into [pools](/user-guides/pools.md) to earn trading fees and rewards. ## Allocation wallets Every wallet in the allocation is public and verifiable on-chain — click any address to inspect its balance and history on a block explorer. ### Rewards | Wallet | Original holdings | Purpose | | ----------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | [`GBU44GPN…I4L22DOM`](https://stellar.expert/explorer/public/account/GBU44GPNHLW5GSGE4HDOEFLSSF5A6TF4BAPQ7ZWPB7YTZ2F4I4L22DOM) **Liquidity rewards** | 50,000,000,000 AQUA | Funds [SDEX](/voting-and-rewards/sdex-rewards.md) & [AMM](/voting-and-rewards/aquarius-amm-rewards.md) rewards. AQUA is released in small chunks to the two distributor wallets below to minimize distribution risk. | | [`GC5VEAWX…DGBVANBA`](https://stellar.expert/explorer/public/account/GC5VEAWX7C3GSTW7RUKJKMQWXYZFW5TH4NGI4ZQSF6LNLUYSDGBVANBA) **SDEX rewards distributor** | 0 AQUA | Distributes SDEX rewards. | | [`GC6ZWKVY…QTQFQANA`](https://stellar.expert/explorer/public/account/GC6ZWKVYRAUSCLMQYKDQZNTUNVDH2J5J6IELIWHMF7THRUQJQTQFQANA) **AMM rewards distributor** | 0 AQUA | Distributes AMM rewards. | | [`GDLPCKVN…IEBZBTLT`](https://stellar.expert/explorer/public/account/GDLPCKVNQZ3337RDURRV6MCKZATJGPLVCKZQXXGQW6JTITW6IEBZBTLT) **Voting & staking rewards** | 5,000,000,000 AQUA | Funds voting-related reward programs, including the [Reward Program for Delegates](/aqua-and-ice/overview/reward-program-for-delegates.md). | ### Airdrops & community | Wallet | Original holdings | Purpose | | ----------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------- | ------------------------------------------------------------------------------------------ | | [`GDWDKSV2…FUTBM3NC`](https://stellar.expert/explorer/public/account/GDWDKSV247DCZKSLTR3CSC5V6MJT7GFD6TBAN46BKWDNKI7OFUTBM3NC) **Initial airdrop** | 5,000,000,000 AQUA | Funded the [Initial Airdrop](/archive/archive/the-initial-airdrop.md) (concluded). | | [`GDFCYDQO…5CIWMYBH`](https://stellar.expert/explorer/public/account/GDFCYDQOVJ2OEWPLEGIRQVAM3VTOQ6JDNLJTDZP5S5OGTEHM5CIWMYBH) **Airdrop #2** | 15,000,000,000 AQUA | Funded [Airdrop #2](/archive/archive/airdrop-2.md) (concluded). | | [`GDB3GJCD…SL3MBOXU`](https://stellar.expert/explorer/public/account/GDB3GJCDWLAMVV7ZL6Q7BH3PGVMFWHA5KSRIY2NML3RXX35ESL3MBOXU) **Community DAO fund** | 0 AQUA | Holds unclaimed airdrop AQUA. AQUA holders decide through governance where these funds go. | ### Vesting & reserves | Wallet | Original holdings | Purpose | | ------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------- | ------------------------------------------------------------------------------ | | [`GDRGJEPI…RNMMAMAO`](https://stellar.expert/explorer/public/account/GDRGJEPIHDKNRHYS4W7JEHPHW4VX4U3V6QDG573VFN47GURDRNMMAMAO) **Investors** | 10,000,000,000 AQUA | Institutional investors; 3-year vesting. | | [`GC25K7RG…ICJZHW5G`](https://stellar.expert/explorer/public/account/GC25K7RGEWCPKBBBLOV4JSUDQ3AQWB6R4A24R7TDRAOGM77KICJZHW5G) **Founders & team** | 10,000,000,000 AQUA | Founders, team, and future employees; 3-year vesting. | | [`GAOBW72C…D46M65KS`](https://stellar.expert/explorer/public/account/GAOBW72CGZ3VTZJAC63L5NCFURWOYUI4YX6LRVVFNLZR3I7WD46M65KS) **Advisors & partners** | 2,500,000,000 AQUA | Advisors and partners; 3-year vesting. | | [`GB3BDPP5…CBINIZFA`](https://stellar.expert/explorer/public/account/GB3BDPP5HOK5U7DGVKBPKKDZ6EWUIUEKFIZAE2ZMCCBJVG6TCBINIZFA) **Emergency fund** | 2,500,000,000 AQUA | Reserved for emergencies; also pays [bug bounties](/security/bug-bounties.md). |