# Scorpio Token (SCORPIO)
## Basic Information
* Token Name: Scorpio
* Token Symbol: SCORPIO
* Contract: soon
* Chain: Binance Smart Chain (BEP20)
* Max Supply: Unlimited
## Transfer Tax
* Burn Rate: 2% of transfer tax will be burned immediately
* Automatic Liquidity Rate: 1% of transfer tax will be added to the LP pool and locked.
* Total Transfer Tax Rate: 5**% of every transfer**
## Emission Rate
* New SCORPIO/Block = 10 (initial emission rate). The emission rate will be adjusted reduce gradually.
* No token goes to the dev team, as we want the farm to be fair for everyone!
## Why SCORPIO Has No Hard Cap?
There's currently no hard cap on the supply of SCORPIO, making it an inflationary token.
Community members often point to this as a cause for concern, and while the dev team certainly understands the wish for a hard cap, there's a big reason we don't expect to set one in the near future.
SCORPIO's primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees, etc. would remain).
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