# LQ Token Details ## Description LQ is the Liqwid DAO Token used to govern various protocol and ecosystem parameters. Once staked in Liqwid's governance module, it can be used to vote, earn staking rewards, and receive a percentage of the protocol's revenues. 1 LQ Token = 1 Vote in the Liqwid DAO ## Total Supply The total LQ Token supply is **21,000,000** ## $LQ Token Policy ID & Asset Name Policy ID: da8c30857834c6ae7203935b89278c532b3995245295456f993e1d24 Asset Name: 4c51 (asset13epqecv5e2zqgzaxju0x4wqku0tka60wwpc52z) Transaction ID: \*LQ was minted in Cardano's first multi-asset block ([Mary hard fork](https://iohk.zendesk.com/hc/en-us/articles/900004369646-Release-announcement-Mary-hard-fork-compatible-components-available-for-download)) using a timelock script meaning no additional LQ can ever be minted. The total and max supply for LQ is 21M. ## LQ Token Allocation Since April 2023, the Liqwid DAO has served as the governing body for LQ tokens, overseeing both their current and future allocations.
## LQ Token Vesting \ There are two allocations which receive LQ distributions according to a linear vesting schedule: \ \ 1\. Liqwid core team, advisors and founders allocation (18.9%)\ 2\. Liqwid Labs seed round investors, a subset of the Core Team, Founders, Advisors allocation\ (6.1%)\ \ 1\. Liqwid core team, advisors and founders allocation of LQ tokens is distributed based on a 24 month linear vesting schedule that started February 2023 at the time of the Liqwid v1 mainnet launch and ended February 2025. Equal LQ amounts were vested monthly for the full 24 month vesting period.\ \ 2\. Liqwid seed round investors allocation of LQ tokens is distributed based on the same 24 month linear vesting schedule as the core team but with the addition of a 4 month cliff that started February 2023 at the time of Liqwid v1 mainnet launch. Following the end of the 4 month cliff Liqwid seed round investors received their first distribution in June 2023 and will receive their final vest according to the 24 month linear vesting schedule in June 2025. --- # 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://liqwid-labs.gitbook.io/liqwid-docs/lq-token-details.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.