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

# $BLITZ token

![](/files/4f3DGFp4KP4GWec4YvUS)

*Our native token **$BLITZ** is designed to provide its holders with ever-increasing value and an unlimited upside potential without inflation.*

\
$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.\
\
**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. \
\
The vast majority of $BLITZ tokens are owned by the community.\
\
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

\
**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

\
\
**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)<br>