# GLIDE Token

![](https://3472993914-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MZnGVeFxEK1AnDgb1Nq%2F-MlGbPzXwdBFlGSyMErD%2F-MlGx1D4muomhJ5aRrtV%2Flogo_big.png?alt=media\&token=807449fa-ef8f-4d6d-ba54-23701e7532c5)

###  💠 Token Information

* Token Symbol: GLIDE
* Contract Address: `0xd39eC832FF1CaaFAb2729c76dDeac967ABcA8F27`
* Chain: Elastos Smart Chain (ESC)
* Max Supply: 50,000,000
* Farming Genesis Block: #9255555
* No pre-mint or pre-mine. Completely fair launch

### :signal\_strength: **Distribution**

| **Distributed to**  | **Allocation** | **GLIDE/block** | **GLIDE/day** |
| ------------------- | -------------- | --------------- | ------------- |
| Liquidity & Staking | 65%            | 1.462           | 25,272        |
| Community Treasury  | 22.5%          | 0.506           | 8,748         |
| Development         | 12.5%          | 0.281           | 4,860         |

![$GLIDE distribution breakdown](https://3472993914-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MZnGVeFxEK1AnDgb1Nq%2F-MlGbPzXwdBFlGSyMErD%2F-MlGy4gypl6bnqhFm4YM%2FBreakdown.png?alt=media\&token=0ad5c904-d056-4425-b799-3b6cf3b479a4)

### ⛏️ Emission Rate

* Issuance will begin at 3 GLIDE/block (5 second block times) for a 3-month bonus period. When the bonus period ends, issuance will be cut by 25%
* After the bonus period, the token will adopt a deflationary model wherein $GLIDE issuance is cut by 15% every 6 months
* The 50,000,000 GLIDE hard cap is anticipated to take 10 years to reach

![$GLIDE token distribution rate](https://3472993914-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MZnGVeFxEK1AnDgb1Nq%2F-MlGbPzXwdBFlGSyMErD%2F-MlGzcJz-pAXMazkUOxQ%2FGLIDE.png?alt=media\&token=127b3ede-af65-4da8-8ad9-6ac2c8f79569)

| Date               | GLIDE/block | GLIDE Circulating Supply |
| ------------------ | ----------- | ------------------------ |
| November 3rd, 2021 | 3.000       | 1                        |
| February 3rd, 2022 | 2.250       | 4,730,400                |
| August 3rd, 2022   | 1.913       | 11,826,000               |
| February 3rd, 2023 | 1.626       | 17,857,260               |
| August 3rd, 2023   | 1.382       | 22,983,831               |
| February 3rd, 2024 | 1.175       | 27,341,416               |
| August 3rd, 2024   | 0.998       | 31,045,364               |
| February 3rd, 2025 | 0.849       | 34,193,719               |
| August 3rd, 2025   | 0.721       | 36,869,821               |
| February 3rd, 2026 | 0.613       | 39,144,508               |
| August 3rd, 2026   | 0.521       | 41,077,992               |
| February 3rd, 2027 | 0.443       | 42,721,453               |
| August 3rd, 2027   | 0.377       | 44,118,395               |
| February 3rd, 2028 | 0.320       | 45,305,796               |
| August 3rd, 2028   | 0.272       | 46,315,087               |
| February 3rd, 2029 | 0.231       | 47,172,984               |
| August 3rd, 2029   | 0.197       | 47,902,196               |
| February 3rd, 2030 | 0.167       | 48,522,027               |
| August 3rd, 2030   | 0.142       | 49,048,883               |
| February 3rd, 2031 | 0.121       | 49,496,710               |
| August 3rd, 2031   | 0.103       | 49,877,364               |
| October 12th, 2031 | 0.000       | 50,000,000               |