> For the complete documentation index, see [llms.txt](https://lambdaplex-labs.gitbook.io/lambdaplex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lambdaplex-labs.gitbook.io/lambdaplex/tokenomics/plex-tokenomics.md).
# PLEX Tokenomics
Lambdaplex’s protocol token PLEX was created on May 14, 2026, and plays a crucial role in the platform’s adoption and incentives program.
PLEX Token Id: 0.0.10479419
PLEX EVM Address: 0x00000000000000000000000000000000009fe73b
Lambdaplex utility comes from swap fee buybacks and reduced fee tiers.
1. 100% of swap fees will be used to buy back PLEX. Bought back PLEX will be airdropped as community rewards to liquidity providers on Lambdaplex.
2. Discounted fee tiers following the promotional 0.0% maker, 0.2% taker fee period.
### Supply and Distribution
PLEX token has a total supply and maximum supply of 1 billion tokens. All PLEX tokens have been minted, and it is not possible to mint more PLEX. The only PLEX key is the metadata key, which is used to provide informational content about the token.Almost all PLEX tokens (95%, or 950M) are locked in linear three (3) year per-second vesting contracts, and the remaining 5% (50M) will be airdropped to the Hedera DeFi community as part of our Token Generation Event (TGE).
* 575 million tokens are allocated to community rewards for providing liquidity on Lambdaplex
* 275 million tokens are allocated to the Lambdaplex Labs team
* 100 million tokens are allocated to the Lambdaplex Treasury
* 50 million tokens are allocated to the Lambdaplex TGE airdrop
### Lambdaplex TGE airdrop
An airdrop will take place shortly before the platform goes live on Hedera mainnet, to be announced on our official Discord and X channels. This is our way of rewarding loyal Hedera DeFi users during this difficult down market, and for all the support we have received throughout the development process. Users will claim their tokens by visiting our website, , and following the instructions.There is no purchase required, and no smart contract allowance required. Recipients will only have to associate the PLEX token and pull their reward from our Hedera airdrop account. Please exercise caution when signing transactions on Hedera and double check the legitimacy of the website.
### Airdrop eligibility requirements
The airdrop is available to external owned account (EOA’s) that have called a SaucerSwap contract below between January 1, 2025 and March 1, 2026:
* SaucerSwap V2 Nonfungible position manager (0.0.4053945)
* SaucerSwap V2 Swap Router (0.0.3949434)
* SaucerSwap V1 Fee Router (0.0.6755814)
* SaucerSwap V1 Router (0.0.3045981)
A total of 41,489 Hedera accounts are eligible for the airdrop. Rewards start at a 1x multiplier, and gain additional multipliers of 0.5x (up to 3x multiplier) per metric achieved in the context of calling the above contracts:
* Was active for 30+ days
* Had 100+ successful interactions
* Had 10+ liquidity position actions
* Had 5+ different tokens involved
These multipliers reward the most active users of Hedera DeFi.
### Community rewards
Decentralized exchanges thrive on liquidity and volume. Lambdaplex understands this and has allocated 575 million tokens specifically for airdrops to liquidity providers. Additionally, bought back PLEX tokens will supplement airdrops to market makers to reduce the inflation rate of PLEX.
The exact amounts of PLEX to be airdropped is adaptive to liquidity and volume on our books, aiming to give very competitive APRs to our liquidity providers. Liquidity providers compete on liquidity, bid/ask spread width, and uptime. In each market, Lambdaplex will periodically snapshot the order book and award points to liquidity providers in proportion to closeness to the midprice and the sizes of the positions. Snapshots will be frequent and semi random, making it difficult to predict when snapshots will take place. At the end of the rewards period, PLEX will be automatically airdropped to liquidity providers. Snapshot data will be visible on our trading platform as a leaderboard or dashboard.
How do retail users participate in providing liquidity? Vaults. Retail users may deposit tokens into our audited Lambdaplex Balanced Vault smart contract, to be actively managed by permissioned market makers to provide liquidity on Lambdaplex. Vault performance is tracked and made public on our vaults page. You’ll be able to see vault PnL, volume, and pending airdrops, and decide which vault is right for you. Providing liquidity is not without risk, but we sincerely hope to adequately offset risk with PLEX airdrops. PLEX airdrops go to vault shareholders, not the market maker. Instead, the market maker receives a small weekly percentage of the tokens under management.
### Summary
PLEX is the core utility and incentive token of Lambdaplex, with a fixed supply of 1 billion tokens. The token is designed to reward long-term ecosystem participation through community airdrops, liquidity mining incentives, and swap fee buybacks that redistribute value back to liquidity providers. Lambdaplex’s rewards system emphasizes active market making, deep liquidity, and sustainable growth, while also allowing retail users to participate through managed vaults. Together, these mechanisms aim to align traders, liquidity providers, vault participants, and the Lambdaplex platform around the long-term growth of decentralized trading on Hedera.