> For the complete documentation index, see [llms.txt](https://docs.paramlabs.io/param-litepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paramlabs.io/param-litepaper/param-token/param-token-metrics.md).
# PARAM Token Metrics
$PARAM, with a capped total supply of 2 billion, will be distributed to holders through a meticulously designed mechanism. As illustrated in the figures below, we anticipate that $PARAM will reach full circulation in approximately 5 years. It's also important to highlight that a deflationary mechanism is built into the economy to drive value appreciation through scarcity in the long term.
