> For the complete documentation index, see [llms.txt](https://docs.hop.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hop.exchange/governance/token-distribution.md). # Token Distribution There initial supply of Hop tokens at DAO launch was 1,000,000,000 HOP tokens and they were distributed as follows: * 8% airdropped to early network participants * 60.5% to the Hop DAO treasury * 22.45% to the initial development team (3 year vesting, 1 year cliff) * 2.8% saved for future team members * 6.25% to investors (3 year vesting, 1 year cliff) Since then the DAO has allocated Hop tokens from the DAO treasury to a series of initiatives such as a liquidity mining campaign to incentivize liquidity in the bridge AMM's, the formation of a grant committee, a delegate incentivization program and much more.\ \ The % of circulating supply in the hands of community members can be tracked on [Coingecko](https://www.coingecko.com/en/coins/hop-protocol).