> For the complete documentation index, see [llms.txt](https://swapacross.gitbook.io/swapacross/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://swapacross.gitbook.io/swapacross/usdswapx-token/token-utility.md).

# Token Utility

The SwapAcross governance token has numerous characteristics designed to make it as useful as possible to hold and stake. If approved by the DAO, the characteristics of the SwapAcross governance token will consist of the following:

<table><thead><tr><th width="157">Characteristic</th><th width="124">Type</th><th>Description</th></tr></thead><tbody><tr><td>Voting</td><td>Governance</td><td>Holders are able to cast votes in the DAO</td></tr><tr><td>Deflationary</td><td>Utility</td><td>A percentage of the protocol fees will be used to continually purchase and burn $SWAPX</td></tr><tr><td>Discounted Trading Fees</td><td>Utility</td><td>Earn a discount on fees by holding and staking $SWAPX </td></tr><tr><td>Staking Rewards</td><td>Utility</td><td>$SWAPX holders who participate in staking will receive a portion of the fees generated by the protocol</td></tr></tbody></table>