# $BLU Token

<mark style="color:blue;">Rewards</mark>

BLU Rewards provide benefits for long term users of the protocol. Stakers of BLU receive 30% of Bluespade's revenues.

<mark style="color:blue;">Tokenomics</mark>&#x20;

BLU is the platform's utility and governance token, holding the token unlocks a variety of benefits. Token Information

<mark style="color:orange;">BLU token address : coming soon...</mark>

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30% of fees generated from swaps and leverage trading are converted to ETH or USDC and distributed to staked BLU tokens. Note that the fees distributed are based on the number after deducting and the network costs of , keeper costs are usually around 1% of the total fees.

To stake your BLU tokens visit this page: <https://www.bluespade.xyz/#/earn&#x20>;

<mark style="color:blue;">Supply</mark>

The total supply of BLU tokens is <mark style="color:orange;">10M.</mark>&#x20;

Minting beyond the max supply of 10 million is controlled by a 28 day timelock. This option will only be used if more products are launched and liquidity mining is required, a governance vote will be conducted before any changes.


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