# Native STELLA: Updated

In the spirit of true decentralization and unequivocal fairness, Stella has decided to adopt a fair launch model for token distribution.

{% hint style="success" %}
The primary goal of a fair launch, as its name suggest, is to distribute almost all of the tokens to users on our platform. This is in contrast to the frequently used model for token distribution such as Initial Coin Offerings (ICO), Token Generating Events (TGE) or Initial Decentralized Offerings (IDO) that allocates a considerable chunk of their tokens to initial investors and institutional investors. Stella wants everyone to have access to our tokens in a fair and transparent manner.
{% endhint %}

StellaSwap's native token - STELLA - will be a governance token that is embedded with various value-accrual mechanisms and utility to maximize tokenholder value. The token distribution follows a fixed supply, linear emission model that is coupled with burning or deflationary mechanisms to reduce overall supply.

### Tokenomics Breakdown

| Breakdown              | Details                   |
| ---------------------- | ------------------------- |
| Ticker                 | STELLA                    |
| Initial Maximum Supply | 500,000,000 STELLA        |
| Current Maximum Supply | 250,000,000 STELLA        |
| Burn Event             | 250,000,000 STELLA        |
| Weekly Emissions       | See VE Emissions schedule |
| Distribution Period    | 3 Years+                  |
| Token Allocation       | As seen below             |

#### Supply Reduction

Total STELLA supply was cut from 500M STELLA to 250M. The excess STELLA was minted and burned and can be tracked [here](https://moonbeam.moonscan.io/token/0x0e358838ce72d5e61e0018a2ffac4bec5f4c88d2).

**New Allocation**

The new STELLA allocation is based on the new Total Supply of 250M STELLA. The following allocation will be vested across 5 years with quarterly unlocks, starting from the inception of the protocol, from Jan 2022 to Jan 2027;

* Ecosystem Growth: 10%
* Treasury: 12.5%
* Development: 12.5%

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcNyKYbSZchT8lrAYdl9dw2a-qZRbYrI_S_uBerusLq9Yf2MqOMrL5TgiwANmSNW0DSF3zuc82G4mYz6P5yIasKEoRWSXrgZmFsoPbuKZmC-99yW7vm5s5KXtoO_LxrrAQ2YLYRgg?key=_Q9LweOiIdCvlEpekKTixA" alt=""><figcaption></figcaption></figure>


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