# HONEY The [HONEY token](https://solscan.io/token/HonyeYAaTPgKUgQpayL914P6VAqbQZPrbkGMETZvW4iN) is the lifeblood of the Honey Finance protocol. It is used to incentivise lending, borrowing, liquidity provision, and contributions to the DAO. ## Distribution The HONEY token had a fair launch on March 31st 2022 with no presale or allocation to early investors. The fair launch raised 755k and sold 85 million tokens. 77.5% of the total supply is allocated to the community. * **54% goes to the DAO’s treasury** to be split between the insurance fund, the Honey Foundation, grants, and more. * **15% goes to liquidity incentives** either through liquidity mining, bond purchases, or NFT staking. * Half of all liquidity mining incentives are allocated to Honey Genesis NFTs * **8.5% is allocated to the IDO** 22.5% is allocated to Honey Labs. * **22.5% is allocated to Honey Labs inc.** based on a 2 year vesting schedule, following the same schedule as [Rari Capital](https://medium.com/rari-capital/an-updated-take-on-vesting-8b3aa8c3a902) ## How to obtain HONEY Honey can be earned by participating in liquidity mining. Half of all $HONEY liquidity mining goes to Honey Genesis NFT holders. The remaining half of liquidity mining tokens are used to incentivise (through rewards) lending, borrowing, and liquidity providing. ## How to hold HONEY Simply holding HONEY tokens in a wallet comes with high opportunity cost relative to veHONEY rewards. Longer term HONEY holders should vest tokens to veHONEY in order to participate in the DAO. The minimum [vesting period](/tokenomics/vehoney.md) is 1 week and the maximum is 4 years. Short term holders and speculators can provide liquidity to HONEY/USDC on [Aldrin](https://dex.aldrin.com/pools/Hon...4iN_USDC) or [Orca](https://www.orca.so/liquidity/browse?tokenMint=HonyeYAaTPgKUgQpayL914P6VAqbQZPrbkGMETZvW4iN) --- # 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://docs.honey.finance/tokenomics/honey.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.