> For the complete documentation index, see [llms.txt](https://defi-masters.gitbook.io/forge-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://defi-masters.gitbook.io/forge-finance/our-defi-toolbox/usdguard-token.md).

# $GUARD Token

## <mark style="color:orange;">How Does Forge Finance Use $GUARD Token?</mark>

Our smart contract has a built in tax that buys $GUARD and sends it to a treasury wallet on every buy or sell of $FORGE.  We chose to include this tax to provide direct support to $GUARD and WolfDenLabs, as well as build our reserves in a sustainable treasury asset we believe in long-term.

## <mark style="color:orange;">**Tokenomics & Contract Information**</mark>

**Supply:**\
Low supply, 50,000,000 $GUARD, the total supply is in circulation, no tokens have been burnt at this time. There is no ability to mint additional tokens, $GUARD is fixed at 50 million and was designed to be deflationary at scale.

**Taxes:**\
1% tax which is taken out of circulation

**Deflationary Mechanisms:**\
Guard has a 1% tax on DEX.\
Above 1 billion dollar market cap this supply is burned/taken out of circulation.&#x20;

Additionally, profits from the Wolf Den and partners are used to buy back $GUARD which is also burned over 1 billion market cap.&#x20;

KnightSwap our partner DEX also returns trading fees that are earned (.03% of each transaction of $GUARD) which are also taken out of circulation. \
\
**Chain:**\
BNB Chain (BEP-20)\
\
**Name:**\
Guardian

**Ticker:**\
$GUARD

**Contract:**\
[0xf606bd19b1e61574ed625d9ea96c841d4e247a32](https://bscscan.com/token/0xf606bd19b1e61574ed625d9ea96c841d4e247a32)

**Chart**:\
<https://www.dextools.io/app/bsc/pair-explorer/0xfc84b031a5221ced00b6470744af5e5da5710ddc>


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