Thales deposits liquidity into marketplaces and receive fees from traders (revenue). The funds collected are used to buyback and burn the THALES governance token.

Thales is a non-custodial exchange for parimutuel contracts built on Optimism, Arbitrum and Polygon. Thales was founded by Danijel Gornjakovic and was launched in December 2021.

THALES tokenholders own and govern the protocol. Thales’ investors include Framework Ventures, Apollo Capital, etc.

governance

github

twitter

discord

etherscan

website

Derivative exchanges

Thales

# Thales Maximum token supply Methodology

## 1. Overview

The Thales maximum token supply metric represents the theoretical maximum number of THALES tokens that can ever exist according to the protocol's tokenomics design. This is a static configuration value that defines the upper bound for token issuance and remains constant unless modified through governance processes. The metric answers the question: "What is the maximum possible supply of THALES tokens?"

## 2. Data sources

This metric relies on protocol-level specifications rather than dynamic blockchain data:
- **Protocol documentation**: Thales tokenomics specifications defining maximum supply limits
- **Token contract specifications**: Smart contract parameters that enforce maximum supply constraints
- **Protocol governance decisions**: Any governance proposals or decisions that establish or modify maximum supply parameters

## 3. Step-by-step calculation

### Component A: Static supply configuration
- **Purpose**: Establishes the maximum token supply as a protocol constant
- **Logic**: The maximum supply is set as a hardcoded value of 100,000,000 THALES tokens. This represents the absolute maximum number of tokens that can ever be minted according to the protocol's design. The value is associated with the token launch timestamp of September 16, 2021, establishing when this maximum supply rule became effective.
- **Key fields**: The `token_supply_maximum` field contains the constant value of 100,000,000, while the `timestamp` field marks the effective date when this limit was established.

### Component B: Data standardization and formatting
- **Purpose**: Formats the static supply data according to Token Terminal's metric standards
- **Logic**: The finalize macro applies standard formatting, adds required metadata fields for the Thales project, and implements a fill-forward strategy. This ensures the maximum supply value is consistently available for all time periods from the launch date onward, since maximum supply doesn't change over time.
- **Key fields**: The macro adds standardized fields like `data_id` (set to 'thales') and maintains the daily timestamp grain for consistency with other metrics.

### Final aggregation
- **Combining components**: No complex aggregation is needed since this is a single static value
- **Currency conversion**: Not applicable as this represents token count, not monetary value  
- **Time aggregation**: The fill-forward strategy ensures the same maximum supply value (100,000,000) is reported for every day from September 16, 2021 onward
- **Final calculation**: The final metric value is simply the constant 100,000,000 THALES tokens, representing the protocol's maximum possible token supply as defined in the tokenomics specifications

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

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

ThalesTHALES

Maximum token supply

Maximum token supply

Competitive landscape