> For the complete documentation index, see [llms.txt](https://wiki.elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.elephant.money/services/trumpet/trumpet-token-additional-details.md).

# TRUMPET Token - Additional Details

The $TRUMPET token is 100% backed and will always have a backing. There are no algorithmic or inflationary mechanisms, as every token in circulation must be bought (minted). $TRUMPET tokens will always be redeemable for the price listed, minus the redemption fee.

**Both Minting (i.e.Buying) and Redeeming (i.e. Selling) through the Mint and Redeem contracts will cause price appreciation.**

There will be no capped supply.

* Supply is determined by mint and redemption volume.
* Minting increases supply.
* Redemption reduces supply.
  * Redeemed $TRUMPET tokens are burnt/destroyed and removed from circulation.