> For the complete documentation index, see [llms.txt](https://docs.admiraldao.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.admiraldao.xyz/community-governance/sail-primer/sail-utility-and-tokenomics.md).

# SAIL Utility & Tokenomics

## SAIL Trading data & Tokenomics

SAIL is listed on Bybit and Gate. There has not yet been an effort to generate DEX liquidity. For volumes see <https://www.coingecko.com/en/coins/clipper-sail>. Given low liquidity, the DAO can facilitate certain spot OTC purchases by buying gradually on the open market at zero markup (passthrough price).

* SAIL supply is 1 billion. (from <https://docs.clipper.exchange/governance-token/sail-supply-and-circulation>)

### SAIL Utility & History

SAIL can be staked for veSAIL, which has voting power in Clipper’s DAO (AdmiralDAO). veSAIL also receives yield in the form of SAIL acquired from open market SAIL buybacks using Clipper’s revenue. SAIL was issued August 22, 2023 by airdrop. There was no ICO, presale or private sale.

For veSAIL structure:&#x20;

* [veSAIL](/community-governance/sail-primer/vesail.md), or
* &#x20;<https://docs.clipper.exchange/governance-token/vesail>

For any further information (contract addresses, github, audits, etc) see <https://docs.clipper.exchange/>

![Screenshot 2023-07-24 at 11.55.39 AM.png](https://s3-us-west-2.amazonaws.com/secure.notion-static.com/89daf9b4-53ef-4162-89de-216431e0b24c/Screenshot_2023-07-24_at_11.55.39_AM.png)

![Untitled](https://prod-files-secure.s3.us-west-2.amazonaws.com/52f563d7-7e6c-445b-9382-fdeaac015d97/e856fac3-1f95-4830-a065-cfba5353471e/Untitled.png)


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