# 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%       |

![](https://906152406-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MP8w6A5Ze4eTF83MPN_%2F-MW-NAD7KbCCQz8h6klz%2F-MW-ZULypJa0GiaJ5Weh%2FPC%E9%A1%B5%E9%9D%A2%E9%85%8D%E5%9B%BE.png?alt=media\&token=59e1ecdc-d6f1-4a22-afb9-501eca06e5c7)

#### $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](https://906152406-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MP8w6A5Ze4eTF83MPN_%2F-MY-0DqMDzoxONXy1R3T%2F-MY-C186rQRhDyC_XJ45%2Fimage.png?alt=media\&token=1f2e2049-db1c-4149-8986-a14c2e59903d)

![Release Rule - BSC](https://906152406-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MP8w6A5Ze4eTF83MPN_%2F-MY-0DqMDzoxONXy1R3T%2F-MY-C_gKd8pGGjRSWQQ9%2Fimage.png?alt=media\&token=e6391f9e-dcbb-4833-9979-09d5e2e6d446)

![Cumulative Output](https://906152406-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MP8w6A5Ze4eTF83MPN_%2F-MY-0DqMDzoxONXy1R3T%2F-MY-4gSCTAlcoylcs4KQ%2Fimage.png?alt=media\&token=3dcd4d20-7261-40fd-b00b-653724f29789)