# Token distribution and usage Tokens are distributed as follows: The total circulation is 100 billion pieces 10% institutional lock-up for 2 years, 55% public offering, 5% of the development team is locked for three years, 20% governance pledge mining output. 5% Airdrop Laws and regulations regarding tokens are constantly evolving. Tokens are not distributed to citizens, residents and individuals whose residence often restricts the purchase of tokens. These territories may include the People's Republic of China, the United States of America or other jurisdictions.At the same time, laws and regulations regarding network infrastructure operators are constantly evolving. #### Uses of BULL Capital It is estimated that BULL funds will be used in the following areas: • Marketing costs • Operating expenses • R\&D/development and application of ecosystem #### Marketing expenses include the following. • Access to direct marketing of BULL services • BULL's PR Marketing • Content marketing of BULL through SNS such as related articles and videos • Community development activities #### The R\&D/development and application of the ecosystem includes the following. • Sales/Operations • law • Overseas expansion • Emergency Preparedness --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://he-chao.gitbook.io/bull-whitepaper/token-distribution-and-usage.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.