# PILLS token

![The $PILLS token](https://1679806242-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mj96TG-o4Xjk8149ige%2Fuploads%2Fiy1KZuiiCDwsli9toZkz%2Fpills.png?alt=media\&token=a158f875-1905-413a-a58c-8b37259a900a)

* **$PILLS** is our governance token and will be the only token used to farm Neo Pools (allowing you to stake to receive platform revenue), as well as various other features in the future.
* **$MORPH** will be used to mint **$PILLS** through a burning swap. All **$MORPH** used to mint **$PILLS** will be burned directly.
* The ratio of **$MORPH** to **$PILLS** will begin at **1:1 for an initial period of 5 days**. This ratio will increase by 0.30 every 30 days.

***For example:*** *If $PILLS minting was introduced around October 28th, the mint ratio would be at 1:1 until November 2nd, at which point it would increase to 1.30 $MORPH to mint 1.00 $PILLS. This ratio would remain at 1.30 to 1.0 until December 2nd, at which point it would increase to 1.6 $MORPH to 1.0 $PILLS.*

The number of **$MORPH** emitted will be consistent and continuous, however, due to the increase in ratio, less **$PILLS** can be minted every 30 days.

**$PILLS** is one-way, meaning you cannot convert **$PILLS** back to **$MORPH** through the swap once minted. **$PILLS** will also be the only token with a pool-2 (**$PILLS-$MIM**). The only purpose of **$MORPH** as an emissions token will be to mint **$PILLS**.

We believe that this two-token model will provide much more actual value to the protocol as well as providing longevity.

We aim to honor our holders of the first 2 million **$MORPH** with the initial 1:1 swap period, **and we encourage everyone to do so when it’s live!**