# Token Overview

## What is $TROVE?

$TROVE is the **value + alignment** layer for Trove.

It exists to create **ownership** in the protocol for the people who actually make it work: traders, market participants, and ecosystem contributors. Holding $TROVE is having a stake in what Trove is building not just a “revenue share token,” but also an ownership layer designed to align users with the protocol’s upside as it scales.

> We want one captain. Governance shouldn’t be a captain-election simulator. It should be an advisory layer that tells the captain what to do, then measures execution

Holders will be able to voice out during key decisions such as: **emissions, airdrop rewards** or to vote for new type markets.

***

### Allocation & Vesting

<figure><img src="/files/WEyH0u7wbPww5Uf5Wmli" alt=""><figcaption></figcaption></figure>

| Allocation Bucket  | % of Supply | Unlock / Vesting                                                  |
| ------------------ | ----------- | ----------------------------------------------------------------- |
| Community Rewards  | 38.00%      | Decided by Performance/ Votes                                     |
| Growth / Ecosystem | 20.50%      | Decided by Performance/ Votes                                     |
| Treasury           | 10.00%      | 12-month cliff, then 24-month linear vest                         |
| Investors          | 10.00%      | 20% TGE unlock, then 12-month linear vest                         |
| Team               | 6.00%       | 12-month cliff, then 24-month linear vest                         |
| ICO                | 12.50%      | 100% TGE unlock                                                   |
| Liquidity          | 3.00%       | Allocated for liquidity provisioning at launch and market support |

***

### ICO Overview

The $TROVE ICO is designed to be accessible and distribution-first.

* Fixed price sale at **$20M FDV**
* **Overflow + pro-rata** distribution (refunds if oversubscribed)
* **Preferential allocation** for Trove users via points
* **100% unlocked at TGE**

Full details live at: [**trovemarkets.com/ico**](https://trovemarkets.com/ico)

### **How It Works:**

1. At the start time, [trovemarkets.com/ico](https://trovemarkets.com/ico) opens for contributions.
2. The sale runs as an overflow at a fixed $20M FDV.
3. Preferential Allocation is one of the benefits that's been given to Trove points to give aligned users a bigger share of the fill.

***

**Points Tier → Fill Boost**<br>

* 10m points - 20%
* 1m points - 15%
* 250k points - 10%

To check if you have Preferential Allocation, view your points at [trovemarkets.com/ico](https://trovemarkets.com/ico).


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