> For the complete documentation index, see [llms.txt](https://messier.gitbook.io/catalogue-de-messier/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://messier.gitbook.io/catalogue-de-messier/m87-token/tokenomics.md).

# Tokenomics

<figure><img src="https://877763161-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FgC0s0PkYGNLajUKAMJ2m%2Fuploads%2FD5wINATF78hwNNL5e9m3%2Fbanner-m87-token.jpg?alt=media&amp;token=87cbe996-057f-4d4d-9fc5-a69da190a815" alt=""><figcaption></figcaption></figure>

### Token overview

| Item                      | Detail                                                                                                                                                                      |
| ------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Name / Ticker**         | Messier / M87                                                                                                                                                               |
| **Network**               | Ethereum (ERC-20, 18 decimals)                                                                                                                                              |
| **Contract address**      | [0x80122c6a83C8202Ea365233363d3f4837D13e888](https://etherscan.io/token/0x80122c6a83c8202ea365233363d3f4837d13e888)                                                         |
| **Total supply (minted)** | 1,000,000,000,000 M87. The supply is fixed; no new tokens can be minted.                                                                                                    |
| **Burned**                | 115,187,494,735 M87 (11.52%) held at the burn address `0x…dEaD`\*                                                                                                           |
| **Effective supply**      | 884,812,505,264 M87 (total minted minus burned)\*                                                                                                                           |
| **Max wallet**            | 2% of total supply (20,000,000,000 M87)                                                                                                                                     |
| **Max transaction**       | 2% of total supply (20,000,000,000 M87)                                                                                                                                     |
| **Distribution**          | Fair launch: no presale, no private sale, no preloaded wallets. The entire supply is already distributed.                                                                   |
| **Liquidity**             | Uniswap liquidity locked on [UNCX](https://app.uncx.network/amm/uni-v2/pair/0x2049df3435bdbb36d22f98fcd2e5027049a1f3ce) for 10 years (main lock runs until 1 December 2033) |

{% hint style="info" %}
\***Live numbers, as of 23 September 2026** (after Raid-to-Burn burn #1). Burns are permanent transfers to `0x000000000000000000000000000000000000dEaD`, so the effective supply only goes down over time. Verify the latest figure anytime on [Etherscan](https://etherscan.io/token/0x80122c6a83c8202ea365233363d3f4837d13e888?a=0x000000000000000000000000000000000000dead).
{% endhint %}

### Trading tax

| Action                             | Tax                                                                |
| ---------------------------------- | ------------------------------------------------------------------ |
| Buy on Uniswap                     | **3%**                                                             |
| Sell on Uniswap                    | **3%**                                                             |
| Wallet-to-wallet transfer          | **0%**                                                             |
| Trades on the Messier P2P Exchange | **0% token tax** (the exchange's own platform fee applies instead) |

* **The tax can only go down.** The 3% maximum is hard-coded in the M87 contract. The rate can be lowered, all the way to zero, but it can never be raised above 3%.
* **What the tax funds:** development, marketing, third-party services (such as audits and listings), application maintenance, and occasional support for the wider ecosystem.

{% hint style="warning" %}
**There is no token migration.** M87 has used the contract above since August 2023, and the old 2022 contract is retired. Anyone asking you to "migrate", "swap to a new contract" or "validate" your tokens is running a scam.
{% endhint %}

### How value flows

Messier's applications do not rely on the token tax to fund the DAO. Their service fees flow into the VirgoDAO treasury:

| Source                         | Fee                                 |
| ------------------------------ | ----------------------------------- |
| P2P Exchange                   | 1% platform fee                     |
| Horizon (privacy transactions) | 0.3% deposit fee                    |
| Messier Objects NFT resales    | 4% resale fee                       |
| Other Messier applications     | Service fees as set per application |

The treasury invests through staker governance. Stakers earn rewards from each successful investment. At the end of every investment cycle, value above 87 ETH is used to **buy back and permanently burn M87**. See Buyback & Burn for every burn mechanism and the full burn history.