> For the complete documentation index, see [llms.txt](https://unipilot.gitbook.io/unipilot-v2/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://unipilot.gitbook.io/unipilot-v2/the-pilot-protocol/pilot-token.md).

# PILOT Token

* The PILOT token launched in July 2021 with a total supply of 20m tokens and \~7.5% of supply in circulation. The rest is [locked in vesting contracts](https://unipilot.medium.com/unipilot-vesting-transparency-3ab13360b242).
* In October 2021 we launched the [PILOT burn program](https://unipilot.medium.com/the-pilot-burn-proposal-e3ac74dd39d5). With this, we started to burn PILOT tokens each quarter as they are unlocked from the vesting contract. This scheme is designed to benefit our community of token holders.
* Overall, the scheme will lead to 78% of the total supply being burned, leaving only 4.4m tokens. These 4.4m tokens will not necessarily ever enter circulating supply, and there may be additional burns in the future.

**Token Utility**

* In June 2022 we [launched PILOT staking](https://unipilot.medium.com/pilot-staking-earn-protocol-revenue-72007370cf44). This allows you to [stake](https://app.unipilot.io/staking) the PILOT token on the Unipilot dApp to earn a share of protocol revenue paid in ETH.
* These rewards are *not* inflationary. The Unipilot protocol takes a cut of fees earned on the protocol, and 40% of this revenue is shared with PILOT stakers, with the remainder used to cover protocol expenses, helping us to limit PILOT inflation.

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