> For the complete documentation index, see [llms.txt](https://provident-capital.gitbook.io/provident-capital/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://provident-capital.gitbook.io/provident-capital/protocol-information/phase-2-token-generation-event.md).

# Phase 2 - Token Generation Event

Token Generation Event - Proper Launch of Provident Capital

Phase 2 will see a full launch of Provident Capital 1.0, including reward emission, locked liquidity, staking and revenue sharing.

## Details of Emission Phase

* Number of Tokens: 50 % of total supply
* Duration: 5 years

Phase 2 represents the launch of Provident Capital 1.0, where boosted emissions will now be replaced with standard emissions, with a total ***PVD*** supply of 50 % over 5 years. During Phase 2, ***PVD*** earned by participating in lending and borrowing will not be subjected to any lock-ups. Users will be able to freely trade, stake or transfer ***PVD** as they deem fit**.***