---
description: ABRA is the governance and utility token of the Cadabra platform
---

# ABRA

<figure><img src="https://2039185368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F3BsXvEO4Iw9yFzWkaf7x%2Fuploads%2FK6Eqz4HEFFcMRiYIixpQ%2FStrategies.png?alt=media&#x26;token=30a08752-76ff-4aa8-a9f6-fe54791b16a6" alt=""><figcaption></figcaption></figure>

{% hint style="danger" %}
Actual version of Cadabra 2.0 documentation you can find by the link [https://cadabra.gitbook.io/v2](https://cadabra.gitbook.io/v2)
{% endhint %}



Total number of minted ABRA tokens is 13,333,337. Once all tokens have been minted, there never will be new emissions of any kind.&#x20;

ABRA is multichain token and is using LayerZero’s Omnichain Fungible Token standard and is transferable between the following supported networks:&#x20;

* BNB Smart Chain (Initial network)
* Arbitrum
* OP Mainnet
* Polygon
* Ethereum



ABRA token has a few main utility proposes:&#x20;

<table data-view="cards"><thead><tr><th></th><th></th><th></th></tr></thead><tbody><tr><td>ABRA is the <strong>reward token.</strong> Like most DeFi projects, we deliver platform rewards in the native token. Unlike most, we only distribute actual profits, but not newly minted tokens.</td><td></td><td></td></tr><tr><td>ABRA is a <strong>governance token</strong>. Locking ABRA earns veABRA, enabling you to influence platform growth as part of the DAO. </td><td></td><td></td></tr><tr><td><p>ABRA <strong>accumulates profit</strong>. </p><p>veABRA holders receive a share of all collected profits proportional to their veABRA.</p></td><td></td><td></td></tr><tr><td>ABRA is a <strong>store of value</strong>. The token represents real assets and is partially backed by strategy liquidity. It has a deflationary design intended to increase in value over time. ABRA acts as a yield-bearing multichain index.</td><td></td><td></td></tr><tr><td>ABRA is part of <strong>Referral program</strong>. The referral program rewards Cadabra users who refer others to lock ABRA tokens by giving referrers a percentage of the tokens locked by their referrals. </td><td></td><td></td></tr><tr><td>ABRA is an <strong>assistant and shortcut</strong> to manage funds across strategies and chains. It allows easy, cheap adjustments to rebalance positions and to increase profits or alter risk levels.</td><td></td><td></td></tr></tbody></table>

## Token Details

_Ticker:_ ABR&#x41;_, BSC Adress:_ 0xcA1c644704feBf4ab81f85daca488d1623C28e63&#x20;

_Standard:_ ERC-20 LayerZero’s Omnichain Fungible Token standard

_Max Supply:_ 13,333,337 ABRA&#x20;

_Public Launch Allocation (65%):_ 8,666,669 ABRA&#x20;

_Public launch price:_ $0.25

## Token Distribution

<figure><img src="https://2039185368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F3BsXvEO4Iw9yFzWkaf7x%2Fuploads%2Fdxq2HnigPYNqwTotfTMm%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202023-12-14%20%D0%B2%2020.15.07.png?alt=media&#x26;token=098db33f-b218-4504-b730-ee7f4ba1438d" alt=""><figcaption></figcaption></figure>

See details about [distribution-tge](distribution-tge "mention")

## Token lock up scheduling

<figure><img src="https://2039185368-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F3BsXvEO4Iw9yFzWkaf7x%2Fuploads%2Fea6scb0TTJkp8o4RDCmr%2F%D0%A1%D0%BD%D0%B8%D0%BC%D0%BE%D0%BA%20%D1%8D%D0%BA%D1%80%D0%B0%D0%BD%D0%B0%202023-12-14%20%D0%B2%2020.20.59.png?alt=media&#x26;token=dca0ad4c-6e88-49e2-8c95-4f2d9ad41a1c" alt=""><figcaption></figcaption></figure>

See details about [distribution-tge](distribution-tge "mention")
