> For the complete documentation index, see [llms.txt](https://nonfungiblexs-organization.gitbook.io/nonfungiblex/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nonfungiblexs-organization.gitbook.io/nonfungiblex/5.token-economics/nonfungiblex-token.md).

# NonFungibleX Token

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The NonFungibleX <mark style="color:purple;">**($NONX) token**</mark> is an essential component of the NonFungibleX ecosystem, providing users with various benefits and utilities. One of the primary use cases of $NONX is staking. By staking $NONX tokens, users can earn passive income through NonFungibleX's innovative <mark style="color:purple;">**farming platform**</mark>, which offers high APY for staking. The more $NONX tokens a user stakes, the more they can earn.

Another key utility of the $NONX token is <mark style="color:purple;">**revenue sharing**</mark>. A portion of the fees generated by NonFungibleX's products and services, including the <mark style="color:purple;">**marketplace, website builder, and INO launchpad**</mark>, are distributed among $NONX token holders as a form of passive income. This feature provides an <mark style="color:purple;">**incentive for users**</mark> to hold $NONX tokens, as they can <mark style="color:purple;">**benefit from the project's success**</mark>.

In addition to staking and revenue sharing, $NONX tokens also provide access to <mark style="color:purple;">**exclusive features and reduced fees**</mark> on the NonFungibleX platform. For example, only $NONX token holders are eligible for reduced trading fees on the NonFungibleX marketplace. Furthermore, $NONX token holders can participate in <mark style="color:purple;">**governance by voting**</mark> on proposals and changes to the platform.

$NONX Tokenomics: The <mark style="color:purple;">**total supply of $NONX tokens is 10,000,000,000**</mark>. There is no tax on buying $NONX tokens, but a 6% sell tax is applicable. 2% of the tax goes towards development and marketing, 1% towards buybacks, and 1% towards burning tokens. Benefits of holding $NONX tokens include staking and revenue sharing.