# Tokenomics ## Transaction Tax Every transaction of 🥮 is subject to a 3.3% tax, which goes back to holders via reflect & the OVEN action. | Purpose | Tax | | ------------------------------------------------- | -------- | | Reflect | 2.0% | | [The Mooncake Oven](/timeline/unique-features.md) | 1.0% | | Founder Reflect | 0.3% | | **Total Tax** | **3.3%** | ### **Reflect** 2% of every transaction is reflected back to *all* Mooncake tokens. This includes tokens in the burn wallet. This means there is a 1% reflect + 1% burn effect on the circulating supply. ### **The Mooncake Oven** See [Mooncake Oven.](/timeline/unique-features.md#the-mooncake-oven) ### **Founder Reflect** 0.3% is reflected to holders of MOONTIX (max supply: 500) on a pro-rata basis. ## Supply Allocation 🥮 has a max supply of 111,111,111 tokens, with the following supply allocation: | Allocation | % of Max Supply | | ------------------------------------------ | --------------- | | Blackhole Mechanism | 50.0% | | Public Listing on PancakeSwap | 37.5% | | [Founder Presale](/timeline/presale.md) | 5.0% | | Bug Bounties to Users and Marketing Budget | 2.5% | | Moonbase Treasury (Development Budget) | 5.0% | ## Anti-Sniper Tax at Launch The Mooncake token launched with an innovative anti-sniper bot tax. This was an additional 90% tax (on top of the 3.3% normal transaction tax) that lasted for the first few hours after launch. The anti-sniper tax went back into the liquidity which raised the price floor for everyone. ## Deflationary Mechanisms of the Mooncake Token 🥮 has 3 primary mechanisms that deflate the supply of the token, thus guaranteeing long-term abundance for the 🥮 holders and community. This deflationary measure makes the token worth more over time as the same quantity of tokens will be worth a larger % of the Mooncake Oven TVL over time as more 🥮 is burned. ### 1. The Mooncake Oven See [Mooncake Oven](/timeline/unique-features.md#the-mooncake-oven). ### **2. Blackhole Mechanism** 50% of all 🥮 supply is marked for destruction in the Condemned Airlock in the Moonbase. While it is in the Condemned Airlock, that 🥮 will continue to receive reflect bonuses, which further accelerates the deflationary nature of the token. This mechanism causes the mechanic of "2% reflect to all tokens" to effectively mean "1% reflect and 1% burn to circulating supply". At each pre-defined / community-agreed marketing milestones, the 🥮 in the Airlock will be shot out of the airlock and into the blackhole (i.e., burned), with ultimate objective of clearing the airlock entirely. There is also the flexibility of providing additional 🥮 to the PCS syrup pool if deemed necessary. ### **3. The Mid-Autumn Festival** Every Mid-Autumn Festival, the traditional festival in which MOONCAKE is enjoyed, 88% of all accumulated 🥞 in the Mooncake Oven will be used to buyback and burn 🥮 to celebrate this auspicious event and bestow prosperity on the 🥮 family. The buyback and burn will be spread out across a period of time and at random moments to prevent bot arbitrage. We just completed our first Mid-Autumn Festival. The festival offered staking as a way to gain rewards from your $MOON holdings without having to race the other buyers & sellers during the burns. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://mooncake-1.gitbook.io/timeline/tokenomics.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.