# $BLITZ token
*Our native token **$BLITZ** is designed to provide its holders with ever-increasing value and an unlimited upside potential without inflation.*
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$BLITZ is the primary token utilized by the products and services of Blitz Labs. In order to grow the value of the token with price action, scarcity and underlying value; *Blitz* will be a fixed supply token that is deflationary by nature due to the features presented below:
* Buy Tax: 0.3% / Sell Tax: 0.3%
* Services fees are paid in $BLITZ
* Dividends paid out from profit streams coming from Blitz Labs services & products
* Buybacks result in a higher price floor and a larger LP
$BLITZ will also facilitate Blitz Labs governance and allow holders to contribute to the network's evolution.\
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**270,000,000** $BLITZ tokens were minted at the token generation event; this is the maximum supply, which will only decrease from the time of launch. There will be no additional tokens minted. \
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The vast majority of $BLITZ tokens are owned by the community.\
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Blitz Labs doesn’t have to pay out high farming rewards to incentivize liquidity providers because Blitz Labs owns the majority of $BLITZ liquidity, and as the largest liquidity provider, earns the majority of the LP fees, which is another source of revenue for the Treasury.
## Tokenomics
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**Airdrop -** 177,982,100 $BLITZ\
**Liquidity -** 12,017,900 $BLITZ\
**Community incentives** - 40,000,000 $BLITZ\
**Network growth fund** - 40,000,000 $BLITZ
**Circulating Supply - 190,000,000 $BLITZ**\
**Max Supply - 270,000,000 $BLITZ**
**Launch Price** - 0.065 BUSD per 1 $BLITZ\
**Launch Market Cap** - $12,350,000
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**Circulating Supply** - the number of $BLITZ tokens in circulation at the time of launch (Airdrop + Liquidity).
**Max Supply** - the number of tokens in circulation will never exceed this number.
**Airdrop** - Amount of tokens that will be distributed via airdrop to users who deposited $CROWN token into the migration contract. For every 1 $CROWN deposited, the user will receive 100 $BLITZ.
**Liquidity** - Tokens that will be used to create the initial liquidity pool. The majority of these tokens will be added to the LP within one week of the launch of $BLITZ, with the remainder going to the Network growth fund.
**Community incentives** - Rewards that will be distributed to holders through single-sided staking and the LP farm until dividend staking becomes available.
**Network growth fund** - Tokens set aside for partnerships, CEX listings, fees and so on.
Blitz will be available for purchase on **May 11th**. At launch, we are aiming to add approximately $1.5M liquidity.
Token address: [0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4](https://bscscan.com/address/0xF376807DcdbAa0d7FA86E7c9EAcC58d11ad710E4)
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