The $MELD supply is capped at 4 Billion, and the last 480 million will be vested monthly over 2 years across partnerships, private token sales, and team and advisor allocations. The MELD token is the nucleus of the MELD protocol, providing the transaction fee payments on the MELD blockchain (through gMELD), protocol governance, incentivization, protocol insurance, and a requirement for node operation. A healthy token economy is at the crux of MELD’s long-term value.