> For the complete documentation index, see [llms.txt](https://docs.cleo.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cleo.exchange/cleo-tokenomics/emissions-schedule.md).

# Emissions Schedule

**100% of ALL emissions go to gauges**, there are no team emissions or other distributions. Full decentralization of the emission distribution is the main priority.

There is a 1% exponential decay week over week, reducing emissions in perpetuity.

{% hint style="success" %}
The emissions schedule will be adjusted up and down based on market demand, and to prevent over/under inflation to remain competitive.
{% endhint %}

The formula to calculate an Epoch's emissions is:

$$
Emissions{(t)} = E\_{0}\ \*\ (e^{-rt})
\ \ \ t = Epochs \ E\_{0} = X \ -r = decay \ coefficient
$$

Alternatively, a user can calculate the emissions for an epoch based on the previous, as such:

$$
Emissions(epoch(N)) \ = Emissions(N-1)  \ \* (1.00-decay)
$$