# tEXO ![](https://1852341259-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-M_nWF89V2pd5WRmh-hQ%2F-MdzdwbTMuZeebSJFL8m%2F-Mdzg9SmLo3mWtaqf1wG%2Fimage.png?alt=media\&token=f1a7893c-90df-41cc-a0e7-ec2f3cda47de) tEXO is the platform governance token that allows token holders to vote on proposals and approve new asset listings on ExoniumDEX. After initial equitable distribution of tEXO via a seed staking pool, tEXO will be the yield token to incentivise liquidity providers on ExoniumDEX. tEXO holders will be entitled to fees accrued on the platform for all the services provided. tEXO will also be one of the key collateral for tDollar - ExoniumDEX’s stable coin. tEXO will conceptually derive its market value based on market forces and ecosystem size. ExoniumDEX aims for tEXO fair distribution to a community with vested interest in the long term goals and success of ExoniumDEX. After mainnet launch of Exonium, tEXO holders would qualify for a share of additional transactional fees of swapping within ExoniumDEX as well as fees resulting from the usage of the ExoniumDEX satellite network inclusive of ExoniumBridge and ExoniumOracles. Use-cases for tEXO - * Governance on platform's development and new implementation * Collateral for tDOLLAR - Platform's native stablecoin * Yield reward * Performance fee sharing to tEXO token holders from ExoniumDEX services offered in the present and future (not limited to) - 1\) Synthetic Assets \ 2\) Decentralised Exchange (AMM) \ 3\) Yield Optimiser \ 4\) Non-native farming \ 5\) Airdrop new partner tokens\ 6\) EXO-Launch\ 7\) ExoniumBridge\ 8\) ExoniumOracles Currently, $tEXO does not have a maximum supply due to the need for a wide distribution of tokens to accommodate for utility within the range of DeFi product suites planned within the upcoming development roadmap. Multiple **deflationary mechanism plans** are in place to reduce supply and to maintain constant upwards price pressure: * Buyback & Burn * Taxation * Further deflationary mechanics to be introduced for $tEXO ecosystem to become deflationary --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://texo.gitbook.io/exoniumdex/ecosystem/texo.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.