> For the complete documentation index, see [llms.txt](https://smartdollar-ssdprotocol.gitbook.io/smartdollar-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smartdollar-ssdprotocol.gitbook.io/smartdollar-docs/how-smartdollar-work-roadmap/section-2-token-distribution-and-allocations.md).
# SECTION 2: Token distribution & allocations
Token distribution & allocations.
**After Phase 0,** Smart Dollar is designed so that only one of these 2 phases can be executed :
*(Epoch = Hours)*
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**PHASE 1 : Expansion Phase,** *the price is above $1.*\
*All the DAO-users and Farming-users are earning reward, the supply expanding to force the system get back to $1.*\
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**PHASE 2 : Contraction Phase,** *the price is bellow $1.*\
*DAO-users and Farming-users are not earning reward and all users can burn SD to receive coupons in exchange to help the protocol get back to $1.*\
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**Phase 0 : Bootstrap,** the price doesn't matter. \
*The bootstrap phase force the system reward to act like the market price of SD was 1.53,*
*All the users are earnings reward as if the price was 1.53 even if we are in contraction phase, until EPOCH 300, after we will enter Phase 1 or Phase 2 in function or the market price.*\
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**Team fund allocations :** \
*Every EPOCH, the system reward 50 SD to the team wallet.*
**1200 SD Daily,**
* **400 SD are burn**
* **800 SD for team fund & treasury**
*The team doesn't’ not hold tokens, this is the only revenue the team receives from SD contracts.*