# $GLUE the Token

The horses are the bets. **$GLUE is the asset that accrues from the whole track.**

## The contract

Official $GLUE: `NpqoucNKKJ62PwikH4NBvTm3R7mgREXoTtv7nJSGLUE`

Always verify the contract address from our official channels before buying. The ticker ends in GLUE on purpose.

## Buy and burn

**35% of every race pot** is used to **buy $GLUE on the open market and burn it**. These are real on chain SPL token burns, not transfers to a dead wallet. Supply goes down, race after race, forever. A busy race burns more than a quiet one, so volume on the track feeds the token directly.

## Why hold $GLUE

You are not long one horse. You are long the **whole track**. Every race, win or lose, burns $GLUE. The more the track is played, the scarcer it gets.

$GLUE also powers governance. Holding it gives you a vote in [Glue Congress](/gluebook/glue-congress).

## Treasury

The keeper wallet that runs the track is also the treasury and the dev. It takes 5% of each pot to cover gas, minting, payouts, and burns. There is no separate insider allocation skimming the pot. The split is enforced in code and sums to exactly 100%.