# UFO Token

## **🎈UFO Token Information**

* **Ticker:** UFO
* **Total Supply:** 100,000,000 UFO (fixed) \*
* **Daily UFO Mining Volume:** 86,400 UFO
* **Swap Fee:** 0.25%\*\*

\* Time to reach for max issuance : About 656 days.(include Bonus Reward Period)\
\*\* Swap Fee Details\
    \- **0.17%** : Returned to Liquidity Pools in the form of a fee reward for liquidity providers. \
    \- **0.07%** : UFO Buyback and burn\
    \- **0.01%** : development fund

## **🎈UFO Token Utility**

UFO tokens will be used in three ways:

1. **Profit for UFOSwap:** UFOSwap introduces a buyback-and-burn program to increase the holding value of UFO tokens.
2. **Governance:** UFO token is the governance token of the UFOSwap. It means that UFO token holders can vote on key decisions about UFOSwap, such as reward distribution schedule, quantity, and reward design based on NFTs.
3. **NFT Purchase:** It is used as a token for payment to purchase UFOSwap NFTs.

## **🎈Deflation Mechanism**

The UFO team plans the buyback-and-burn program of UFO tokens in the following ways.

* A portion of $UFO of NFT sales
* 0.07% of Swap fee occurred in UFOSwap

UFO will continue to make a new burning system to remove more UFOs in the future.


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