> For the complete documentation index, see [llms.txt](https://docs.shardingdao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shardingdao.com/3.token-distribution-shd.md).

# 3. Token Distribution: $SHD

#### Token Distribution:

As ShardingDAO's governance token, $SHD will be distributed as below:

Liquidity Mining (56%): distributed to the public through liquidity mining.

Marketing & Airdrop (13.33%): reserved for Marketing and Airdrop to incentivize users.

Investors (13.33%): reserved for future investors.

Developer DAO (17.34%): reserved for developers, released along with protocol liquidity mining.

|                            | Distribution | Percentage |
| -------------------------- | ------------ | ---------- |
| Mining                     | 16,800,000   | 56%        |
| Marketing Mining & AirDrop | 4,000,000    | 13.33%     |
| Investors                  | 4,000,000    | 13.33%     |
| Developer DAO              | 5,200,000    | 17.34%     |
| Total                      | 30,000,000   | 100%       |

![](/files/-MW-ZULypJa0GiaJ5Weh)

#### $SHD Distribution Mechanism of Mining Phase 2：

* Total Token Supply: 21 million (95% for Ethereum, 5% for BSC)
* Distribution Rules: 80% (16.8M) goes to mining users and 20% (4.2M) goes to Developer DAO.
* Halving Plan: There will be a halving every 4 years (Ethereum: 6,496 blocks generated in one day; BSC: 28,800 blocks generate in one day)

![Release Rule - Ethereum](/files/-MY-C186rQRhDyC_XJ45)

![Release Rule - BSC](/files/-MY-C_gKd8pGGjRSWQQ9)

![Cumulative Output](/files/-MY-4gSCTAlcoylcs4KQ)