# What is MIMO (Governance Token) ?

MIMO is the token associated with the KUMA DAO.

KUMA is a DAO-run, DAO-governed protocol. Changes are made through proposals and voted by holders of the governance token (MIMO).

**Token Symbol:** [**MIMO**](https://www.coingecko.com/fr/pi%C3%A8ces/mimo-governance-token)

* **Token Contract (Ethereum):** [0x90B831fa3Bebf58E9744A14D638E25B4eE06f9Bc](https://etherscan.io/token/0x90b831fa3bebf58e9744a14d638e25b4ee06f9bc)
* **Token Contract (Polygon):** [0xADAC33f543267c4D59a8c299cF804c303BC3e4aC](https://polygonscan.com/token/0xADAC33f543267c4D59a8c299cF804c303BC3e4aC)
* **Token Contract (Fantom):** [0x1D1764F04DE29da6b90ffBef372D1A45596C4855](https://ftmscan.com/token/0x1D1764F04DE29da6b90ffBef372D1A45596C4855)

Max supply: 1,000,000,000 MIMO

{% hint style="info" %}
You can stake & lock MIMO for [vMIMO](/kuma-protocol/dao-and-governance/vmimo-and-voting-power.md) by following this [guide](/kuma-protocol/ressources/user-guides/lock-mimo-for-vmimo.md).
{% endhint %}

## Issuance

According to the last proposal "[Mimo Distribution v2](https://gov.mimo.capital/t/executive-proposal-mimo-distribution-v2/96)", the allocation is done as follows :

<table><thead><tr><th width="150"> </th><th width="209.7329785824267">Before</th><th>After</th></tr></thead><tbody><tr><td>Weekly Issuance</td><td>5,654,203.999197681117886672</td><td>1,413,550.999799420279471668</td></tr><tr><td>Weekly Reduction</td><td>5.55%</td><td>1.3875%</td></tr></tbody></table>

### Issuance Parameters

In the first week, 55.5m MIMO will be issued. Then, the amounts issued in subsequent weeks are calculated as:

$$
Weekly Issuance = 55.5m \* 0.9445^{week}
$$

{% hint style="success" %}
This guarantees that there will never be more than 1,000,000,000 MIMO tokens.&#x20;
{% endhint %}

### Issuance Overview

We have produced a general overview of the supply over time by incorporating the weekly reduction of the inflation as well as the supply generated by the [TenX and PAY token holder](https://medium.com/mimodefi-blog/claim-your-mimo-tokens-guide-e983bbc4558f) claim that started the 9 April 2021 and ended the 1st April 2022.

<figure><img src="/files/5XNdAcAu6XkuN92yalN8" alt=""><figcaption><p>Issuance Overview Scheme</p></figcaption></figure>


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