# Tokenomics

Snow token is the native token of Snowfall Protocol, which drives every utility on the Snowfall ecosystem. 

## Token description table

<table><thead><tr><th align="center"></th><th align="center"></th><th data-hidden></th></tr></thead><tbody><tr><td align="center">Token name</td><td align="center">Snow token</td><td></td></tr><tr><td align="center">Ticker symbol</td><td align="center">SNW</td><td></td></tr><tr><td align="center">Decimal</td><td align="center">18</td><td></td></tr><tr><td align="center">Total token supply plan</td><td align="center">1 Billion (SNW) units</td><td></td></tr></tbody></table>

## Snowfall Token functions

* Token swap bridge fees
* Staking rewards
* Voting for project directions

## **Taxes plans**

* <mark style="color:orange;">**Trade tax ratio:**</mark> 2% Buy tax & 8% Sell tax.
* <mark style="color:orange;">**Buy tax utility:**</mark> redistributed back to every SNW holding wallet
* <mark style="color:orange;">**Sell tax utility:**</mark> redistribute 5% for repayment of Liquidity pool acquisition cost, Burn 1%, redistribute 1% to token holders and send 1% to the Snowfall community wallet.