# $IPOR Token

The IPOR token is the protocol's native token issued to the parties involved with the project: builders, investors, liquidity providers, and the like. It's an ERC20 token issued on L1 Ethereum.

### Total supply

At the inception, 100.000.000 tokens were minted and transferred to all appointed addresses:

[0x1e4746dC744503b53b4A082cB3607B169a289090](https://etherscan.io/token/0x1e4746dc744503b53b4a082cb3607b169a289090)

_Bridged IPOR:_

- Arbitrum [0x34229B3f16fBCDfA8d8d9d17C0852F9496f4C7BB](https://arbiscan.io/address/0x34229B3f16fBCDfA8d8d9d17C0852F9496f4C7BB)
- Base [0xbd4e5C2f8dE5065993d29A9794E2B7cEfc41437A](https://basescan.org/address/0xbd4e5C2f8dE5065993d29A9794E2B7cEfc41437A)

The minting function has been removed from the contract; hence no additional token will ever be minted.

### Philosophy

The intention behind the IPOR token is to enable the protocol users to take ownership of the IPOR Protocol as it transitions to a fully decentralized DAO. Everything is geared towards achieving that goal: from the number of tokens, emission strategy, and allocations to how the liquidity mining is designed. The IPOR Protocol will be DAO governed and the IPOR token is a way to hand over ownership to its users.