Liquidity providers deposit funds into Thena and stake their LP tokens to receive THE tokens (token incentives).

Thena is a non-custodial exchange protocol built on BNB Chain. Thena was founded by an anonymous team and launched in 2023.

THE tokenholders own and govern the protocol. They vote for pools where they wish to receive trading fees and external bribes from, while pools receive THE emissions in respect to their share of votes.

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Thena

# Thena Maximum token supply Methodology

## 1. Overview

The Thena maximum token supply metric represents the total maximum number of THE tokens that can ever exist according to the protocol's tokenomics design. This is a static protocol parameter that was established at launch and remains constant over time. Unlike circulating supply metrics that change based on token minting, burning, or vesting events, the maximum supply represents the theoretical upper limit of tokens as defined in the project's tokenomics.

## 2. Data sources

This metric does not derive from blockchain transaction data or external price feeds. Instead, it uses:
- **Protocol documentation**: Thena's official tokenomics specifications that define the maximum supply cap
- **Project parameters**: Launch date and token supply limits established during project initialization
- **Token contract specifications**: Maximum supply constraints defined in the protocol's smart contract design

## 3. Step-by-step calculation

### Component A: Static parameter definition
- **Purpose**: Establish the fixed maximum token supply and reference timestamp
- **Logic**: The calculation sets a hardcoded maximum supply of 315,000,000 THE tokens with a reference timestamp of December 13, 2022 (Thena's launch date). This represents the protocol's designed maximum token cap rather than a calculated value from blockchain activity.
- **Key fields**: `timestamp` set to launch date, `timestamp_grain` set to daily frequency, `token_supply_maximum` set to 315,000,000 tokens

### Final aggregation
- **Combining components**: No aggregation is required as this is a single static value
- **Currency conversion**: Not applicable - this metric represents token quantity, not USD value
- **Time aggregation**: The metric uses a "fill forward" strategy, meaning the same maximum supply value (315,000,000) is reported for all dates from the launch date onward
- **Final calculation**: The final metric value is the constant 315,000,000 THE tokens, formatted with standard metadata fields including project identifier, blockchain information, and metric type classification

*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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