> For the complete documentation index, see [llms.txt](https://docs.clipper.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.clipper.exchange/governance-token/sail-primer/sail-supply-and-circulation.md).

# SAIL Supply & Circulation

### **Contract Address**

> **Ethereum:** 0xd8F1460044925d2D5c723C7054cd9247027415B7
>
> **Optimism:** 0x7a1263eC3Bf0a19e25C553B8A2C312e903262C5E 
>
> **Arbitrum:** 0xb52BD62eE0Cf462Fa9CCbDA4bf27Fe84D9ab6Cf7 
>
> **Polygon:** 0xd1a718f77ab5d22e3955050658d7f65ae857a85e

### Supply & Distribution

* Total circulating supply: 1,000,000,000
* [AdmiralDAO Tokenomics](https://docs.admiraldao.xyz/community-governance/sail-tokenomics) 

**Genesis Event:** No ICO, pre-sales, or private sales. A community airdrop was distributed at launch to reward early Clipper users for retroactive behaviors.  [SAIL Claim Dune Dashboard](https://dune.com/rusty378/sail-claim)

**Disclosure:** Shipyard Software's equity investors have an effective cost basis of $0.065 per token, were the tokens paid to Shipyard to be distributed as a dividend.

**Token Type:** ERC-20

<figure><img src="/files/aV7KLJxlgWbVcwZT7EnY" alt="" width="563"><figcaption></figcaption></figure>

<figure><img src="/files/eCov12aLXMMfZQep4rjh" alt="" width="563"><figcaption><p>Clipper Community receives plurality of SAIL in year 1 through airdrop.</p></figcaption></figure>

<figure><img src="/files/Dt3UJ34GQYXWtAVTpjJw" alt="" width="563"><figcaption></figcaption></figure>

<figure><img src="/files/tQjAq9hPr07Ry8rm0CLJ" alt="" width="563"><figcaption></figcaption></figure>

### Year 1 Circulating Supply\*

<table><thead><tr><th width="196">Month</th><th width="176" data-type="number">Shipyard Software</th><th width="260" data-type="number">Protocols + Service Providers</th><th width="140" data-type="number">DAO Treasury</th><th width="145" data-type="number">Community</th><th width="100" data-type="number">Total</th></tr></thead><tbody><tr><td>September 1, 2023</td><td>0</td><td>55491023.59</td><td>20000000</td><td>52500000</td><td>127991023.59</td></tr><tr><td>October 1, 2023</td><td>0</td><td>57904633.27</td><td>25000000</td><td>61887408.08</td><td>144792041.35</td></tr><tr><td>November 1, 2023</td><td>0</td><td>60318242.95</td><td>30000000</td><td>71274816.17</td><td>161593059.12</td></tr><tr><td>December 1, 2023</td><td>0</td><td>62731852.63</td><td>35000000</td><td>80662224.25</td><td>178394076.88</td></tr><tr><td>January 1, 2024</td><td>0</td><td>65145462.31</td><td>40000000</td><td>90049632.33</td><td>195195094.65</td></tr><tr><td>February 1, 2024</td><td>0</td><td>67559071.99</td><td>45000000</td><td>99437040.42</td><td>211996112.41</td></tr><tr><td>March 1, 2024</td><td>0</td><td>69972681.68</td><td>50000000</td><td>108824448.5</td><td>228797130.18</td></tr><tr><td>April 1, 2024</td><td>9756097.56</td><td>72386291.36</td><td>55000000</td><td>124228707.08</td><td>261371096</td></tr><tr><td>May 1, 2024</td><td>19512195.12</td><td>74799901.04</td><td>60000000</td><td>139632965.67</td><td>293945061.83</td></tr><tr><td>June 1, 2024</td><td>29268292.68</td><td>77213510.73</td><td>65000000</td><td>155037224.25</td><td>326519027.65</td></tr><tr><td>July 1, 2024</td><td>39024390.24</td><td>79627120.41</td><td>70000000</td><td>170441482.83</td><td>359092993.49</td></tr><tr><td>August 1, 2024</td><td>48780487.8</td><td>82040730.09</td><td>75000000</td><td>185845741.42</td><td>391666959.31</td></tr></tbody></table>

**\***&#x53;tart-of-period distributions. September 2023 is first full month of circulation. SAIL airdrop was executed on August 22, 2023.&#x20;