Liquidity providers deposit funds into Beethoven X and receive trading fees from traders (supply-side fees). In addition, Beethoven X provides liquidity providers with additional yield using boosted pools.

Beethoven X is a non-custodial exchange protocol built on Fantom and Optimism. It was founded by an anonymous team and launched in 2021.

BEETS tokenholders own and govern the protocol. They currently take a cut of the total trading and yield fees (revenue). Beethoven X shares 50% of the Optimism revenues with Balancer (Beethoven X is an official friendly fork of Balancer).

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Beets

# Beets Maximum token supply Methodology

## 1. Overview

The Beethoven maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for the Beethoven protocol. This metric provides a static reference value of 250,000,000 tokens that remains constant over time since the protocol's launch on October 6, 2021. The metric answers the question: "What is the hard cap on token supply for investment and tokenomics analysis?"

## 2. Data sources

The calculation relies on static protocol configuration data rather than dynamic blockchain sources:
- **Protocol tokenomics specifications**: The maximum token supply limit defined in Beethoven's tokenomics design
- **Protocol launch records**: The official launch date when the token became active
- **Token contract parameters**: Deployment-time configuration that sets the maximum mintable supply

## 3. Step-by-step calculation

### Component A: Static supply definition
- **Purpose**: Establishes the fixed maximum token supply value for Beethoven protocol
- **Logic**: Uses hardcoded value of 250,000,000 tokens as defined in the protocol's tokenomics. This represents the absolute maximum number of tokens that can ever be minted or exist in circulation
- **Key fields**: `token_supply_maximum` field set to 250,000,000, `timestamp` field set to protocol launch date of October 6, 2021, `timestamp_grain` field set to daily intervals

### Final aggregation
- **Time series generation**: The finalize macro creates daily records starting from the launch date (October 6, 2021) and extending forward to the current date
- **Fill forward strategy**: Each day since launch receives the same maximum supply value of 250,000,000 tokens, ensuring consistent metric availability across all time periods
- **Data standardization**: The macro applies standard formatting and metadata fields required for Token Terminal's metric infrastructure, including data identification as 'beethoven' protocol
- **Final calculation**: Every daily record contains the identical maximum token supply value of 250,000,000, providing a constant reference point for tokenomics analysis and comparison with actual circulating supply metrics

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

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Maximum token supply

Maximum token supply

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