# Tokenomics

**Initial Total Mintable(Public Sale) Squids:** 90,000,000

**Hatching Speed:**

* Phase 1: Each squid hatches one egg every three days.
* Phase 2: A daily distribution of 30,000,000 eggs is proportionally shared among squid holders.

**Consumption:**

1. Transferring eggs to another address incurs a 10% burn on the transferred quantity.
2. When users sell squid eggs, 5% of the quantity is burned.

**Growth:** 

Each time an address hatches eggs into squids, the referrer of that address receives an additional 5% of the eggs. For instance, hatching 100 eggs to obtain 100 squids results in the referrer receiving 5 eggs.