# Tokenomics Details

$AMPLY is the protocol token for Amply Finance. 

$preAMP was distributed as supply and borrowing rewards in order to incentivise early supporters of Amply. You will be able to redeem 1 $preAMP earned for 1 $AMPLY token on 6 November, 2024.

$preAMP has no monetary value and is also non-tradable and non transferable. 

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