# What is $PEC?

**$PEC** (Pecunity Token) is the utility token that powers the Pecunity ecosystem. It is used for fee payments, unlocking benefits through locking, and earning community rewards.

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## Why $PEC matters to you

| Benefit | How it helps |
| --- | --- |
| **Lower fees** | Pay strategy fees with $PEC and get a 20% discount |
| **Lock for more savings** | Lock $PEC to unlock up to 25% additional fee reduction |
| **Earn rewards** | Get loyalty point multipliers when you lock $PEC |
| **Deflationary** | A portion of every fee is burned, reducing supply over time |

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```mermaid
graph LR
    A["Hold $PEC"] --> B["Pay Fees<br/>20% Discount"]
    A --> C["Lock $PEC<br/>Up to 25% off"]
    A --> D["Earn Loyalty<br/>Multiplier"]
    B --> E["Portion<br/>Burned 🔥"]
    style A fill:#1A3FBA,color:#fff,stroke:none,rx:8
    style B fill:#4568D0,color:#fff,stroke:none,rx:8
    style C fill:#81A1EE,color:#fff,stroke:none,rx:8
    style D fill:#A4BDFA,color:#1E2A4A,stroke:none,rx:8
    style E fill:#CFD1FF,color:#1E2A4A,stroke:none,rx:8
```

## Token basics

| Parameter | Value |
| --- | --- |
| **Name** | Pecunity Token |
| **Symbol** | $PEC |
| **Blockchain** | BNB Smart Chain |
| **Total supply** | 25,000,000 (fixed, no inflation) |
| **Contract** | `0x413c2834f02003752d6Cc0Bcd1cE85Af04D62fBE` |

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## How $PEC is used

### Fee payments

When a strategy executes, fees are charged. You can pay these fees in $PEC or in other tokens.

- **Pay with $PEC** → 20% fee discount + 40% of the fee is burned
- **Pay with other tokens** → no discount + 50% is burned as $PEC

Either way, $PEC gets burned with every transaction, making it deflationary.

[!ref Fee details](/fees/overview/)

### Locking

Lock your $PEC tokens to unlock tiered benefits: fee discounts, loyalty multipliers, and exclusive access.

[!ref Locking benefits](/pec-token/locking/)

### Activity rewards

Earn $PEC through platform engagement, referrals, and community activities.

[!ref Loyalty program](/rewards/loyalty/)

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## PEC Statistics page

In the app, go to **PEC Token > Statistics** to see live data:

- Token price and market cap
- Circulating supply vs. max supply
- Total burned tokens
- Total locked supply
- Fully diluted valuation

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## Claiming $PEC

If you hold **PECsp** (Pecunity Staking Pass) tokens from previous community support, you can claim your $PEC distributions under **PEC Token > Claim**. The distribution follows a 48-month vesting schedule with a 1-month cliff.