# 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. 

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeK3rPPbFh_UzWTJ0XCogpRSbEfV7kjUGNsRJf98fdYLELPZkleTyqJKaj9_neSgd94_HrqRPnGejE1-t4hlFp0XOgGoGGKS1DqPEI7YK-hfgB5-kJXYImsfZ5Lrw1kQDadEm26VewhdXLY2EQr6WfSmC0?key=nW72Yf9ZiTa3-CY0N1fvtw" alt=""><figcaption></figcaption></figure>


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