> For the complete documentation index, see [llms.txt](https://caramelswap.gitbook.io/caramelswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://caramelswap.gitbook.io/caramelswap/tokenomics.md).

# Tokenomics

NO ICO , NO PRESALE , FAIR LAUNCH !

![](https://4192172718-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MXLAp304BhRAVZneGbJ%2F-Mdf-S1U_5aNmNbkntON%2F-Mdf-gqBZRYrAbPidi9O%2Fimage.png?alt=media\&token=a28ebb45-f501-4ada-a368-aadc6229467b)

### Information

* Token Name: Caramel
* Token Symbol: MEL
* Contract Address: [0x7D5bc7796fD62a9A27421198fc3c349B96cDD9Dc](https://bscscan.com/token/0x7D5bc7796fD62a9A27421198fc3c349B96cDD9Dc)
* Chain: Binance Smart Chain (BEP20)
* Max Supply: Unlimited
* Reward per [**block Start**](https://bscscan.com/block/8822604): 10 MEL.

### Transfer Tax

* Burn Rate: 2% of transfer tax will be burned immediately
* Total Transfer Tax Rate: 2**% of every transfer**

### Transfer Tax Exchange

* Automatic Liquidity Rate: 0.03% of transfer tax will be added to the LP pool and locked.
* Total Transfer Tax Rate: 0.03**% of every trade**

### Emission Rate

* Emission Distribution: Initial Farm/Pools get 9 MEL rewards per block.\
  In addition, we may make adjustments to suit reality, to ensure a stable and increasing MEL price.
* 10 CARAMEL/ block
* 259.200 MEL/ day

### Fees and BuyBack Burning

Caramel Finance collects a 5% deposit fee to periodically:

* 5% deposit fee will be charged at staking.
* 80% of the deposit fee will be used to BuyBack and burn Caramel.
* 20% of the deposit fee will be used as a dev & emergency fund.

### Why Caramel Has No Hard Cap?

There's currently no hard cap on the supply of Caramel, making it a deflationary token. 

Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.

{% hint style="info" %}
Caramel primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
{% endhint %}

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**DEV WALLET:**\
0x06441a9094b6573311133FBA29A76AB515d0967C