> 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).
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