> For the complete documentation index, see [llms.txt](https://parrotdefi.gitbook.io/parrotdefi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://parrotdefi.gitbook.io/parrotdefi/general-info/tokenomics.md). # Tokenomics
TokenChainTotal SupplyEmission RateAddress
iPEGGIoTeXUnlimited0.2

io1zakt2yfmfzzm8gv5h45s26krlcm6fw2unck7a2

BPEGGIoTeXUnlimiteedN/A0xa8b2091301AB362602E4C104E91EB6A95c622Bc7
PPEGGArbitrumUnlimited0.4

0x78055dAA07035Aa5EBC3e5139C281Ce6312E1b22

BPEGGArbitrumUnlimitedN/A

0xC0307AFbAE41CA45757703b0101D2A03FB9b7d08

## iPEGG (IoTeX) {% hint style="success" %} **Contract Address** io1zakt2yfmfzzm8gv5h45s26krlcm6fw2unck7a2 {% endhint %} {% hint style="warning" %} **Update #1**\ **Emission rate** is being updated to **0,2 iPEGG per block**\ [**Transaction**](https://iotexscout.io/address/0x213470Ef8243C312250667622D59B5748BA661DF)\ Changes will be effective **Oct 10 Sun at 21:35 UTC** {% endhint %} {% hint style="info" %} The initial **Emission rate** will be set to **1 iPEGG per block,** but as we said that will be updated based on how the project progresses. {% endhint %} Our goal is to transform iPEGG into a **very low inflationary token** as the project progresses and more deflationary measures are implemented. Emissions will be reduced constantly over time. \ \ It is important to keep it balanced so rewards are fair for everyone without putting the token price at risk. After the initial 1 iPEGG/Block, the early adopters will have enjoyed higher rewards and then will be set to 0.25 iPEGG/Block, which will be progressively set lower.\ \ \*[**Incubator**](https://parrotdefi.gitbook.io/parrotdefi/products/incubator-burning-usdppegg) feature (Burning Vault) will be implemented as we did on Arbitrum, allowing users to burn tokens to get another token. We understand that community members could be concerned about our tokens not having a hard cap. However, think about Bitcoin or Ethereum until now: they are still inflationary. Coins are created in every block. What really matters is inflation decreasing over time and keeping pace with the number of users and the utility that the coin has. \ \ At its core, **Parrot DeFi** will be a **decentralized exchange**. One of the fundamental for an exchange to properly work is to encourage users **to provide liquidity** in farms/vaults. And to create incentives, block rewards are **necessary.** ## BPEGG (IoTeX) {% hint style="success" %} **Contract address** 0xa8b2091301AB362602E4C104E91EB6A95c622Bc7 {% endhint %} Blue Parrot Egg, **$BPEGG**, comes to help his fellow token **$iPEGG** to become **less inflationary.**\ \ The best way to get BPEGG is by swapping your current iPEGG for BPEGG at the incubator. Every time you swap 2 iPEGG for 1 BPEGG your swapped iPEGG will instantly burn. \ \ Find more info at [**Incubator**](https://app.gitbook.com/@parrotdefi/s/parrotdefi/~/drafts/-Mkh0WSgxD2Ic0xaPvfI/general-info/core-features-1/incubator-burning-usdppegg) **feature.** ## PPEGG (Arbitrum) {% hint style="success" %} **Contract address** 0x78055dAA07035Aa5EBC3e5139C281Ce6312E1b22 {% endhint %} {% hint style="warning" %} **Update #2**\ **Emission rate** is being updated to **0,4 PPEGG per block**\ [**Transaction**](https://arbiscan.io/tx/0x4a7ef91f13812be936990ace45705aae5c046634c12ab291b93d53e378cd0b63)\ Changes will be effective **Sep 29 Wed at 11:25 UTC** {% endhint %} {% hint style="warning" %} **Update #1**\ **Emission rate** is being updated to **0,45 PPEGG per block**\ [**Transaction**](https://arbiscan.io/tx/0x4dc06167cfcd54cbab632e3bf8616949a38601a4b15b51ce4382c25c30862510)\ Changes will be effective **Sep 25 Sat at 18:15 UTC** {% endhint %} At the moment, PPEGG is an inflationary token with no max supply. Our goal is to transform PPEGG into a **very low inflationary token** as the project progresses and more deflationary measures are implemented. Emissions will be reduced constantly over time. We understand that community members could be concerned about our tokens not having a hard cap. However, think about Bitcoin or Ethereum until now: they are still inflationary. Coins are created in every block. What really matters is inflation decreasing over time and keeping pace with the number of users and the utility that the coin has. \ \ At its core, **Parrot DeFi** will be a **decentralized exchange**. One of the fundamental for an exchange to properly work is to encourage users **to provide liquidity** in farms/vaults. And to create incentives, block rewards are **necessary.** At Launch the initial **Emission rate** will be set to **0.5 PPEGG per block,** but as we said that will be updated based on how the project progresses. ## BPEGG (Arbitrum) {% hint style="success" %} **Contract address** 0xC0307AFbAE41CA45757703b0101D2A03FB9b7d08 {% endhint %} Blue Parrot Egg, **$BPEGG**, comes to help his fellow token **$PPEGG** to become **less inflationary.**\ \ The best way to get BPEGG is by swapping your current PPEGG for BPEGG at the incubator. Every time you swap 2 PPEGG for 1 BPEGG your swapped PPEGG will instantly burn. \ \ Find more info at [**Incubator**](https://app.gitbook.com/@parrotdefi/s/parrotdefi/~/drafts/-Mkh0WSgxD2Ic0xaPvfI/general-info/core-features-1/incubator-burning-usdppegg) **feature.**