> For the complete documentation index, see [llms.txt](https://docs.mallardorder.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mallardorder.io/tokenomics.md). # Tokenomics *$RUNE is created with a starting supply of zero. There Is no initial distribution.* ## **Max Supply** The maximum supply is **55,500,000 $RUNE**\ \ **There will be 3 halving periods. Each halving will reduce $RUNE staking rewards by 50%.** \ \ First Halving 50% of total supply mined - (27,750,000)\ Second Halving 75% of total supply mined (41, 625, 000) \ Third Halving 87.5% of total supply mined (48,562,000) ## **Staking Rates** ### **Mallards:** Each Mallard NFT you stake will be able to mine **5 $RUNE per day.** You must stake your Mallard NFT to a Smart Contract and thus will no longer hold it in your wallet. You can un-stake at any point but will stop earning rewards if you do so. You are able to claim your $RUNE at any point, including daily. ### Invitation Letters: Each Invitation Letter you stake will be able to mine **25 $RUNE per day.** You must stake your Invitation Letter NFT to a Smart Contract and thus will no longer hold it in your wallet. You can un-stake at any point but will stop earning rewards if you do so. You are able to claim your $RUNE at any point, including daily. ### Relics: Each Relic you stake will be able to mine **1.5 $RUNE per day** ### Traits Bonus : Staking a Mallard with special traits will mine bonus $RUNE when staking. **See the chart below to for each Traits bonus.** Staking multiple Invitation Letters will mine bonus $RUNE when staking. (not yet implemented) Staking Mallards with complete Schools of Thought will multiply your overall daily $RUNE rewards. -This bonus has a maximum multiplier achieved by having 5 completed Schools of Thought. (this feature has not been implemented yet)\ \ See here -