> For the complete documentation index, see [llms.txt](https://whitepaper.epicblockchain.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.epicblockchain.xyz/tokenomics.md).
# Tokenomics
| Token Ticker | $EC |
| ---------------------- | --------------- |
| **Blockchain** | Epic Blockchain |
| **Token type** | Utility |
| **Total Token Supply** | 13,919,191,919 |
**Token Allocation and Vesting Scheme in detail:**
#### **Utility:**
* **Staking**: Token holders can stake their $EC tokens to earn rewards and participate in the security of the network.
* **Governance**: $EC token holders have the right to propose, debate, and vote on changes or decisions regarding the Epic Blockchain network.
* **Access to Services**: Certain services or features on the Epic Blockchain might require $EC tokens as payment or access fee.
* **In-Game Assets**: In the gaming platforms integrated with Epic Blockchain, $EC tokens can be used to purchase in-game assets or NFTs.
**Burn Mechanism:**
To maintain the scarcity and value of the $EC tokens, a periodic token burn mechanism will be implemented. The frequency and amount of token burns are set to increase, creating a positive feedback loop for token value appreciation. This model promotes a sustainable ecosystem where developers are incentivized to create high-quality applications, and token holders are rewarded with a deflationary asset that has the potential to appreciate over time.
* **Gas fees**: A fixed percentage of tokens used in gas fees within the Epic Blockchain network will be burned, ensuring decreasing overall supply and potential appreciation in token value.
* **Revenue generated from Dapps**: A portion of the revenue generated from Dapps within the Epic Blockchain ecosystem will be taken in the form of $EC tokens. Instead of redistributing these tokens, a certain percentage will be systematically burned.