## The Utility of SINGLE token
SINGLE is the limited supply governance token for the Single Finance Protocol.
SINGLE token holders are able to participate in governance and shape the future of SINGLE, as well as determine key parameters for the interest rate model, fee rates, and the distribution of protocol fees and reserves accrued to the Single Finance Protocol.
SINGLE token holders can participate in protocol governance by staking SINGLE for xSINGLE in the future. The total supply of SINGLE is 1,000,000,000.
### **1. Performance fee sharing**
There are several mechanisms for performance fee sharing and for making SINGLE deflationary in nature.
* **10%** of the strategy profit (i.e. strategy performance fees based on membership tiers) is distributed as Protocol APR to SINGLE token stakers.
### **2. Buyback and Burn**
* **9%** of the strategy profit (i.e. strategy performance fees based on membership tiers) goes to Buyback and Burn.
* **All** of 10% of the lending interest that lenders earn goes to Buyback and Burn.
Details can be found in the [Fee & Parameters](/home/overview/fee-and-parameters.md) section.
### **3.** Deflationary
SINGLE token is long-term deflationary. Emissions will last for approximately 36 months, with halvenings occurring every six months. A halvening means the budget for maximum tokens used for emissions during a 6-month period will halve relative to the previous period. The full amount of the budget will not necessarily be emitted during that period.
### **4. Governance**
We will soon launch a governance vault that will allow community members to stake their SINGLE tokens to receive veSINGLE, where 1 veSINGLE = 1 vote, allowing them to decide on key governance decisions.
### **5. Exclusive** Strategies **Opportunities**
Staking SINGLE token will allow users to access exclusive Single-Click Strategies that provide higher returns with lower risk.
### **6. Exclusive NFT Access**
We are planning to integrate NFTs with actual utility into the platform. Users will have to hold SINGLE in order to benefit from this utility such as lowered performance fee and bonus rewards.
## TOKENOMICS
**Mining** - Rewards for lending and leveraged yield farming
**Partnership & Ecosystem** - Pays strategic expenses including listing fees, audits, extra rewards for ecosystem and partners, and marketing fee, etc.
**Team** - Supports for continuous development
**Liquidity Pool** - Reserves for expanding liquidity pairs in different AMMs/DEXs
**Seed & Private -** Provides initial liquidity and bootstrap fees
**Initial DEX Offering(IDO)** - Provides lending pool assets to bootstrap our strategy
**Advisors -** Rewards for advice from our advisors
## Emission and Vesting Schedules
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