# PACT Token

[$PACT is impactMarket's governance token](https://medium.com/impactmarket/introducing-pact-governance-token-airgrab-impact-farming-4e99c899701e). It acts as a global medium of governance that empowers participants through decision-making and comprehensive incentive mechanisms.

**Token holders** will be granted the ability to influence the protocol's future health, direction, growth, and impact:

* **Voting power delegation:** Any token holder can delegate voting power to themselves, someone they trust, or key protocol participants. You can vote with any amount of tokens; you don't need to stake them, only hold them in your wallet.
* **Communities´ verification and validation:** Each new UBI community will be submitted as a proposal and reviewed by token holders, who can vote for its approval. Verified communities can request funding directly from the DAO.
* **Manage/Update:** key parameters, calculation formulas, treasury allocation, and incentives.

## Tokenomics

* Total Supply: 10 Billion PACT over the next 10+ years (starting from 2021).
* Distribution: 40% to the community, 30% to impactLabs, 20% as DAO reserve, and 10% to early participants.