> For the complete documentation index, see [llms.txt](https://axon-finance.gitbook.io/axon-finance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://axon-finance.gitbook.io/axon-finance-docs/part-vii-tokenomics/part7-tokenomics.md). # Intro: Where the Value Comes From Supply, allocation, vesting, utility, and value capture > Value capture = fee revenue buys back and burns. An economic design that mints real business growth into token value. The first six parts made clear what AXON is, where the market is, how the foundation is built, how PayFi lands, how AI plugs in, and how the roadmap unfolds. This part answers the final question: **where does the value of the AXON token come from.** AXON's answer is one sentence: **not from inflationary subsidies, but from real business.** Every payment, settlement, credit, and AI-agent call the network carries generates real protocol fee revenue at the chain layer; that revenue buys back AXON proportionally and burns it, translating the network's real growth into the token's scarcity and value. This is of a piece with [3.1 Value settles at the chain layer](/axon-finance-docs/part-iii-technical-architecture/part3-architecture/3-1-why-own-l1.md). Chapter map for this part: * **7.1** Supply & Allocation — 1B total supply, a six-bucket allocation framework. * **7.2** Vesting & Circulating Supply — each bucket's vesting and the 60-month circulating-release cadence. * **7.3** Token Utility & the Deflationary Flywheel — AXON's six utilities, and the "revenue is deflation" value-capture flywheel. > **Scope note**: this part's token base parameters (total supply / six-bucket allocation / vesting) follow the strategic-data source of truth; **initial price, FDV, and the TGE float ratio are not disclosed at this time**. **The Ecosystem bucket (40%) is disclosed as a single aggregate bucket**; the finer breakdown of its internal uses and the more granular release schedule will be disclosed separately at TGE / exchange listing. For the scope of the fundraising rounds, see [7.1](/axon-finance-docs/part-vii-tokenomics/part7-tokenomics/7-1-supply-allocation.md): each round is a fixed subscription price, with no promise of secondary-market price or returns. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://axon-finance.gitbook.io/axon-finance-docs/part-vii-tokenomics/part7-tokenomics.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.