> For the complete documentation index, see [llms.txt](https://kayen-protocol.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kayen-protocol.gitbook.io/documentation/tokenomics/usdkayen-and-usdxkayen.md).

# $KAYEN & $xKAYEN

**How can I obtain&#x20;**<mark style="color:red;">**KAYEN**</mark>**?**

<mark style="color:red;">**KAYEN**</mark> can purchased during the Public [Launch & Genesis](/documentation/roadmap.md). After the Public Launch, <mark style="color:red;">**KAYEN**</mark> can be purchased through the KayenSwap or earned through farming.

**What is the process for obtaining&#x20;**<mark style="color:yellow;">**xKAYEN**</mark>**?**

1. <mark style="color:red;">**KAYEN**</mark> can be converted to <mark style="color:yellow;">**xKAYEN**</mark> at a 1:1 ratio.
2. <mark style="color:yellow;">**xKAYEN**</mark> can be earned from incentivized active farms.

**What is the value of&#x20;**<mark style="color:yellow;">**xKAYEN**</mark>**?**

<mark style="color:yellow;">**xKAYEN**</mark> is illiquid, and its value is directly proportionate to the <mark style="color:red;">**KAYEN**</mark> value.&#x20;

`1 xKAYEN = 1 KAYEN`

**Does&#x20;**<mark style="color:red;">**KAYEN**</mark>**&#x20;have a capped supply?**

Yes, <mark style="color:red;">**KAYEN**</mark> total supply will be in the circulation by 2027. [Deflationary Mechanics](/documentation/tokenomics/deflationary-mechanism.md) have also been implemented to continuously reduce the total supply

**Does&#x20;**<mark style="color:yellow;">**xKAYEN**</mark>**&#x20;have a capped supply?**

<mark style="color:yellow;">**xKAYEN**</mark> is an essentially wrapped <mark style="color:red;">**KAYEN**</mark> and does not have its own maximum supply. The number of <mark style="color:yellow;">**xKAYEN**</mark> in circulation is equal to the number of <mark style="color:red;">**KAYEN**</mark>&#x20;

**Can I swap&#x20;**<mark style="color:yellow;">**xKAYEN**</mark>**&#x20;for any other token?**

<mark style="color:yellow;">**xKAYEN**</mark> is not transferable. You can only redeem it to <mark style="color:red;">**KAYEN**</mark>.

**How long does it take for&#x20;**<mark style="color:yellow;">**xKAYEN**</mark>**&#x20;to redeem (vest)?**

​The minimum vesting duration is 15 days (50% <mark style="color:red;">**KAYEN**</mark> output), and the maximum duration is 180 days (100% <mark style="color:red;">**KAYEN**</mark> output). As your <mark style="color:yellow;">**xKAYEN**</mark> vests, 50% of the amount is automatically staked in rewards, earning you rewards during the vesting period​

**How are rewards distributed?**

A portion of the transaction fees is distributed as rewards every week. Rewards are distributed continuously meaning that you can harvest pending rewards at any point.

**Does the rewards epoch (cycle) always consist of 7 days?**

Yes, the epoch always lasts for 7 days


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