> For the complete documentation index, see [llms.txt](https://docs.volt.win/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.volt.win/phase-1-volt/the-treasure-volt.md).
# The "Treasure Volt"
"The Treasure Volt" is the magic behind Volt tokenomics, that insures a perpetual auction with a deflationary token.
### The Treasure Volt
* **Source**: After the initial 10-day period, "The Treasure Volt" is the exclusive source for auction tokens.
* **Starting Supply**: "The Treasure Volt" begins with zero tokens.
* **Daily Auction**: 20% of the tokens in "The Treasure Volt" are available for auction each day after Day 10.
* **Token Entry**: Tokens enter "The Treasure Volt" when purchased via Volt's Buy and Burn/Build mechanism.
* **Recycling Mechanism**: 50% of tokens acquired from the liquidity pool through the [Buy and Burn/Feed](https://docs.volt.win/phase-1-volt/buy-and-burn-feed) are sent to "The Treasure Volt."
### Deflationary Mechanism
* **Buy and Burn Impact**: The daily buy and burn process reduces the number of tokens, decreasing the overall supply available for future auctions.
* **Permanent Supply Decrease**: This process ensures a permanent reduction in the total supply of Volt tokens, making the token deflationary.
### The Vault Game Theory
* **Deflationary Auction System**: "The Treasure Volt" allows the Volt token to be deflationary while sustaining an auction system.
* **Arbitrage Incentives**: The auction system encourages arbitrage between the auction and the liquidity pool, as 80% of the value is directed into the [buy and burn/feed](https://docs.volt.win/phase-1-volt/buy-and-burn-feed) mechanism.