# ELEPHANT

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The Elephant.Money Network’s **store of value** token (BEP-20) on the Binance Smart Chain (BSC) that captures value by having the most fair distribution, an auto-rebalancing liquidity building mechanism, and by providing a lifetime of frictionless, passive rewards.&#x20;

### Token Supply

$ELEPHANT has a **fixed supply** of 1000 Trillion tokens, all of the tokens have been minted and are in circulation and no more will be minted. 50% of the supply is held by a rebalancing smart contract called the [Graveyard](https://wiki.elephant.money/tokenomics/the-graveyard-gy) (GY) which passively builds protocol owned liquidity on each [rebalance](https://wiki.elephant.money/tokenomics/the-graveyard-gy/the-graveyard-rebalanced-event).

### Protocol Owned Liquidity&#x20;

ELEPHANT tokens has two primary locked liquidity pools located on PancakeSwap, ELEPHANT/WBNB and ELEPHANT/BUSD. Both liquidity pools are 100% protocol owned liquidity.

{% hint style="info" %}
Locked liquidity refers to liquidity that has been locked on a dex and can not be removed by the protocol or any 3rd party.
{% endhint %}

### Buying & Selling, Transferring $ELEPHANT token

There is a 10% transaction fee on all $ELEPHANT token buys, sells or transfers&#x20;

### Passive Rewards For Holders

HODLers of ELEPHANT will receive **non-inflationary** passive rewards ([RFI rewards](https://wiki.elephant.money/glossary/rfi-rewards)) from simply holding the token in their wallet, from every transactions (buy, sell, and transfer) 10% fee; 5% is distributed evenly to all existing token holders, and 5% is added towards locked liquidity.