# Kitty Distribution

At the beginning of every epoch, if the time weighted average price (TWAP) of $KITTY is greater than 1.01, new $KITTY will be minted in the Nursery.

The amount of new $KITTY distributed depends on the current circulating supply of $KITTY

| Circulating supply | $KITTY Minted   |
| ------------------ | --------------- |
| 5K or less         | 4.5% expansion  |
| Up to 10K          | 4% expansion    |
| Up to 15K          | 3.5% expansion  |
| Up to 20K          | 3% expansion    |
| Up to 50K          | 2.5% expansion  |
| Up to 100K         | 2% expansion    |
| Up to 200K         | 1.5% expansion  |
| Up to 500K         | 1.25% expansion |
| 500K+              | 1% expansion    |