> For the complete documentation index, see [llms.txt](https://city-protocol.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://city-protocol.gitbook.io/docs/cit-token/role-of-the-token.md).

# Role of the token

$CIT is the native token of City Protocol

## Token overview

$CIT is the native token of City Protocol. $CIT launches on Ethereum mainnet. The full supply of 10,000,000,000 $CIT was minted once on the canonical Ethereum mainnet contract before TGE, and the token is bridged to Arbitrum One, Base and BNB Smart Chain through OFT contracts that share the canonical address; bridging moves existing tokens between networks while the combined supply stays fixed.

<table><thead><tr><th width="251.19921875">Item</th><th>Detail</th></tr></thead><tbody><tr><td>Name and ticker</td><td>City Protocol, $CIT</td></tr><tr><td>Token standard</td><td>ERC-20, 18 decimals</td></tr><tr><td>Total supply</td><td>10,000,000,000 $CIT, minted in full before TGE</td></tr><tr><td>Unlocked at TGE</td><td>1,793,365,000 $CIT, 17.9% of the supply</td></tr><tr><td>Canonical contract</td><td>Ethereum mainnet: <a href="https://etherscan.io/token/0xfdB0f0962C3dB4664a5eadE96999C7d4F0f53d89">0xfdb0f0962c3db4664a5eade96999c7d4f0f53d89</a></td></tr><tr><td>Bridged OFT contracts</td><td>Same address, 0xfdb0f0962c3db4664a5eade96999c7d4f0f53d89, on <a href="https://arbiscan.io/address/0xfdb0f0962c3db4664a5eade96999c7d4f0f53d89#code">Arbitrum One</a>, <a href="https://basescan.org/address/0xfdb0f0962c3db4664a5eade96999c7d4f0f53d89#readContract">Base</a> and <a href="https://bscscan.com/address/0xfdb0f0962c3db4664a5eade96999c7d4f0f53d89#readContract">BNB Smart Chain</a></td></tr></tbody></table>

{% hint style="warning" %}
The bridged OFT contracts share the canonical address on every network. City Protocol publishes contract addresses only through its official channels, and only those published addresses are official.
{% endhint %}

## Where the token sits

City Protocol's products run on stablecoins and their own underlying assets: a Curated Vault participant holds Receipt Tokens, and an OTP participant holds the constituents directly. $CIT sits one level above, at the protocol that issues, operates and distributes the products, and connects to them through governance, a discount on Venzo interface fees, service payments and ecosystem incentives. Venzo does not charge an interface fee today; the discount goes live when the interface fee is introduced, which is targeted for a future date to be determined. Every Curated Vault and OTP accepts eligible participants on the same terms whether or not they hold $CIT.

<figure><img src="https://3297077862-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJxNp2waFk6hg1G4lEQZu%2Fuploads%2FyImAbvK6uhAP06klfBTD%2Ffig-token-role-v21.png?alt=media" alt="$CIT sits at the protocol level above the Curated Vaults and OTPs, which run on stablecoins and their own assets"><figcaption><p>$CIT sits at the protocol level. Products run on stablecoins and their own assets, and the token connects to them through governance, the interface fee discount, service payments and ecosystem incentives.</p></figcaption></figure>

## Topics

* Allocation: how the 10,000,000,000 $CIT supply is allocated and when each allocation unlocks.
* Token utility: what $CIT is used for, and what it does not provide.