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

# Tokenomics

GLYPH is a capped ERC-20. Every unit that will ever exist is accounted for up front, and the allocation is enforced by code, not policy.

## Supply

| Parameter             | Value                           |
| --------------------- | ------------------------------- |
| Token name / symbol   | Mine Glyph / GLYPH              |
| Decimals              | 18                              |
| **Max supply**        | **21,000,000 GLYPH** (hard cap) |
| LP premine            | 2,100,000 (10%)                 |
| Emission pool (mined) | 18,900,000 (90%)                |
| Team / dev allocation | **0%**                          |

The premine and the emission pool are two allocations **inside** the same 21M cap — the premine does not sit on top of it.

```
┌───────────────────────── 21,000,000 GLYPH (hard cap) ─────────────────────────┐
│  LP premine 2,100,000 (10%)  │        Emission pool 18,900,000 (90%)           │
│  seeds locked liquidity      │        mined by the community over time         │
└────────────────────────────────────────────────────────────────────────────────┘
```

## The 10% LP premine

At launch, 2,100,000 GLYPH is minted **once** to a treasury address and paired with liquidity on a DEX. That liquidity is **locked**, and the lock duration and allocation are announced transparently. This is the only GLYPH that exists before mining begins.

## The 90% emission pool

The remaining 18,900,000 GLYPH is minted **only** through mining rewards, one claim at a time, following the [emission schedule](/protocol/emission-and-halving.md). It cannot be pre-minted, front-loaded, or redirected.

## No team allocation

There is **no team or developer token allocation**. Nobody receives GLYPH for building or running the protocol. The only non-mined GLYPH is the locked LP premine, which backs a public market rather than any individual.

> **On the registration fee.** Starting to mine costs a small one-time fee in **ETH** (not GLYPH). That fee is protocol revenue and does **not** affect GLYPH supply or the 0% team allocation — no GLYPH is ever created for the team. See [Registration fee & claim cooldown](/protocol/fees-and-cooldown.md).

## How the cap is guaranteed

The 21,000,000 ceiling is not a promise — it is enforced at **three independent layers**:

1. The mining contract stops accruing once cumulative emission reaches 18,900,000.
2. It clamps the amount minted at each claim so total mined can never exceed the emission pool.
3. The token itself rejects any mint that would push total supply past 21,000,000.

Any one of these alone would hold the line; all three run together. This is verified by fuzz and invariant tests. See [Smart contracts](/architecture/smart-contracts.md).


---

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