# 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   |
| ------------------ | --------------- |
| 200K or less       | 4.5% expansion  |
| Up to 400K         | 4% expansion    |
| Up to 600K         | 3.5% expansion  |
| Up to 800K         | 3% expansion    |
| Up to 2M           | 2.5% expansion  |
| Up to 4M           | 2% expansion    |
| Up to 8M           | 1.5% expansion  |
| Up to 20M          | 1.25% expansion |
| 20M+               | 1% expansion    |