# 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. ### --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://unipilot.gitbook.io/unipilot-v2/the-pilot-protocol/pilot-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.