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

# Token Distribution

At the beginning of every epoch, if the time weighted average price (TWAP) of $HERO is greater than 1.01, new $HERO will be minted in the Launchpad. 

The amount of new $HERO distributed depends on the current circulating supply of $HERO 

Circulating supply and $HERO minted

| 500k or less | 4.5% |
| ------------ | ---- |
| 500k - 1M    | 4%   |
| 1M - 1.5M    | 3.5% |
| 1.5M - 2M    | 3.0% |
| 2M - 5M      | 2.5% |
| 5M - 10M     | 2%   |
| 10M - 20M    | 1.5% |
| 20M - 50M    | 1.25 |
| 50M+         | 1 %  |