---
description: Governance and utility token of Meme Finance.
---

# $mefi Token

$mefi is the governance and utility token of Meme Finance. $mefi is native to the Ethereum blockchain.

### 'mefinomics'

Supply: 1,000,000,000

Liquidity: 100 percent of tokens added to liquidity pool during launch (no presale or team tokens)

Tax: 6% buy, sell and transfer

* 2% dapp development
* 2% marketing
* 2% buybacks

### Utility

As mentioned in [interest-rates](dapp/interest-rates "mention"), $mefi holders are not charged any interest on the borrowed ETH. Eligible $mefi holders can also borrow ETH at a higher percentage for their collateral (see [collateral-valuation](dapp/collateral-valuation "mention")).

A portion (50%) of any liquidated collateral will be equally distributed to $mefi holders (see [liquidation](dapp/liquidation "mention")).

Holders will also have the power to vote on which tokens will be listed on the dapp.

Additional utility for the $mefi token will be added as the project grows.&#x20;
