# About WOM

## What is WOM?

WOM is Wombat’s governance token and has the following use cases: 

* **Governance**: WOM token holders can participate and vote on governance decisions. 
* **Liquidity Incentives**: Users can earn WOM tokens as rewards by providing liquidity with stablecoins to the liquidity pool. 
* **Boosting**: Users can earn additional WOM from the Boosting Pool by locking WOM tokens. The Boosting Pool incorporates voting escrow WOM ([veWOM](https://docs.wombat.exchange/tokenomics/about-wom/vewom)) for rewards accrual. Locking any amount of WOM applies a boost to all stablecoin pools.

## Tokenomics

<figure><img src="https://1070885964-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FThPvPT9swMojRVetwOjW%2Fuploads%2FeJQg0vT5MPJ89ioNCIYC%2FWOM%20Tokenomics.jpg?alt=media&#x26;token=452faf26-31da-48d4-9785-c342e6cf4b9e" alt=""><figcaption></figcaption></figure>

$WOM officially launched on the 30th of August 2022, with the total supply of 1,000,000,000 tokens. The circulating supply can be found on [CoinMarketCap](https://coinmarketcap.com/currencies/wombat-exchange/) or our [analytics](https://info.wombat.exchange/#/) page.

| Name               | Native Chain | Contract Address                           |
| ------------------ | ------------ | ------------------------------------------ |
| Wombat Token (WOM) | BNB Chain    | 0xad6742a35fb341a9cc6ad674738dd8da98b94fb1 |
|                    | Arbitrum     | 0x7b5eb3940021ec0e8e463d5dbb4b7b09a89ddf96 |
|                    | Ethereum     | 0xc0B314a8c08637685Fc3daFC477b92028c540CFB |
|                    | Scroll       | Coming soon                                |
|                    | Avalanche    | 0xa15E4544D141aa98C4581a1EA10Eb9048c3b3382 |
|                    | Base         | 0xD9541B08B375D58ae104EC247d7443D2D7235D64 |
|                    | OP           | 0xD2612B256F6f76feA8C6fbca0BF3166D0d13a668 |
|                    | Polygon      | 0x77749d37A87BFf80060c00152B213F61341A6de5 |
|                    | Klaytn       | 0x13a3692f78ace837db60ee0889ae1fc2c9731994 |

### Distribution & Vesting

<table><thead><tr><th width="182.33333333333337">Allocation</th><th width="123.70496293474378">Token Amount</th><th width="123">Percentage </th><th>Lock-up period</th></tr></thead><tbody><tr><td>Private Sale</td><td>75.0M</td><td>7.5%</td><td>2.5% initial unlock, cliff for 3 months, afterwards monthly linear vesting over 24 months.</td></tr><tr><td>Strategic Sale</td><td>30.0M</td><td>3.0%</td><td>2.5% initial unlock, cliff for 3 months, afterwards monthly linear vesting over 24 months.</td></tr><tr><td>PancakeSwap IFO</td><td>28.0M</td><td>2.8%</td><td>20% initial unlock, block-by-block linear vesting over 3 months.</td></tr><tr><td>Syrup Pools</td><td>6.0M</td><td>0.6%</td><td>0% initial unlock, block-by-block linear vesting over 2 months.</td></tr><tr><td>Binance Seed</td><td>50.0M</td><td>5.0%</td><td>0% initial unlock, vesting every 6 months over 5 years.</td></tr><tr><td>Binance Partnership</td><td>150.0M</td><td>15.0%</td><td>0% initial unlock, vesting every 6 months over 5 years.</td></tr><tr><td>Team</td><td>200.0M</td><td>20.0%</td><td>0% initial unlock, vesting every 6 months over 5 years.</td></tr><tr><td>Liquidity Incentive</td><td>200.0M</td><td>20.0%</td><td>2% initial unlock, maximum unlock for first 2 months is 2% per month, with 1% per month thereafter, though actual deployment of unlocked tokens, depending on market conditions, may be lower.</td></tr><tr><td>Marketing</td><td>1.0M</td><td>0.1%</td><td>50% initial unlock with monthly linear vesting over 3 months.</td></tr><tr><td>Treasury</td><td>260.0M</td><td>26.0%</td><td>1% initial unlock, weekly linear vesting over 36 months.</td></tr><tr><td><strong>Total</strong></td><td><strong>1.00B</strong></td><td></td><td></td></tr></tbody></table>

### Release Schedule

{% embed url="<https://docs.google.com/spreadsheets/d/e/2PACX-1vQiC9SF4nWbQG5sdhdgxGfc08DVlVFaKDAN6x4mdN5DtnC3zTayGFlKeMldRN3ldZ6oKR161M7hmV4u/pubhtml>" %}