> For the complete documentation index, see [llms.txt](https://smiley-1.gitbook.io/smileypaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smiley-1.gitbook.io/smileypaper/the-global-currency-standard/tokenomics.md).

# Tokenomics

No cryptocurrency whitepaper would be complete without discussing tokenomics. For Smiley, the tokenomics are very simple. The supply will be capped at 420,690,000,000,000,000. 

66% of the total supply will be distributed to presale participants at the end of the presale. The remaining 34% will be deposited as liquidity.

Smiley has zero buy and sell taxes. This allows for frictionless transactions, enabling Smiley to become the new global standard of exchange.

<figure><img src="https://3338039854-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBPiRvYBRlohMTCBo4ZId%2Fuploads%2Fqg4GnuCFewWsnjGlju0p%2Ftokennomics_screenshot.png?alt=media&amp;token=50be1e94-f2ba-488b-86e9-faf0146b63cf" alt=""><figcaption></figcaption></figure>