> For the complete documentation index, see [llms.txt](https://jexchange.gitbook.io/english/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://jexchange.gitbook.io/english/tokenomics.md). # TOKENOMICS ## General The official token identifier on the MultiversX blockchain is: **JEX-9040ca** Token details are available on the official explorer: *

Token properties

Initially, there were 1,000,000,000 tokens. However, it should be noted that several "burn" operations were carried out, allowing nearly 75% of the initial supply to be burned. ## Supply reduction In addition to exceptional burn operations, mechanisms allow you to regularly burn $JEX: * Purchase of $JEX at market price with exchange fees intended for treasury (30% of fees generated) * Voluntary burn of $JEX by users on the Burnify platform ## Token utilities $JEX token has several uses within the ecosystem: * **50% of platform fees are donated to beneficiaries of the "**[**Earn**](/english/earn.md)**" program** * Creation of proposals via the governance module * Voting for protocol improvement proposals * Purchase/Sale of NFTs on certain marketplaces * Participation in raffle --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://jexchange.gitbook.io/english/tokenomics.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.