# Tokenomics

The ICLighthouse DAO Token (ICL) is the governance token of the ICLighthouse DAO and also serves as the utility token for the project ICDex. ICL is an ICRC1 token issued on the IC network, used for governance, as gas for dApps, and for ecosystem incentives, among other purposes.

<figure><img src="/files/aexiXFe82gPTLx4RpLh0" alt=""><figcaption></figcaption></figure>

The goal of this economic model is to embody a decentralized utility-focused deflationary model in reality.

Token Information:

| Name:           | ICLighthouse DAO                                                           |
| --------------- | -------------------------------------------------------------------------- |
| Symbol:         | ICL                                                                        |
| Token Standard: | ICRC1                                                                      |
| Decimals:       | 8                                                                          |
| Total Supply:   | Approx. 210,000,000 (The supply without SNS voting rewards is 200,000,000) |

For more information, please refer to the [whitepaper](https://iclight.house/whitepaper.pdf).


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