---
description: ENGX Token Framework
---

# Tokenomics

```agda
Ticker: ENGX
Blockchain: BASE
Token Supply: 1,000,000,000 ENGX
Buy and Sell Tax: 5% (Will be reduced to 0)
```

***

## Introduction to $ENGX

$ENGX is the native utility token within the EngageX ecosystem, with a capped supply of 1 billion tokens. It features a distinctive transaction fee model, imposing a 5% tax on both buys and sells to support its operational and developmental frameworks. Detailed information regarding the allocation of these tax revenues can be accessed [here](tax-distribution).

### Token Deployment

$ENGX will be deployed as a native token on the **BASE blockchain**.

Our decision to launch exclusively on BASE is driven by our commitment to providing users with a fast, affordable, and secure experience. The key advantages of building on BASE include its low transaction costs, high-speed network, and deep integration with the Coinbase ecosystem, offering unparalleled accessibility to a wide audience.

Our immediate priority is to establish a deep and lasting presence on BASE, creating a robust and resilient ecosystem. Future expansion to other chains remains a long-term goal that will be considered as the platform matures.

### Utility and Engagement

The $ENGX token is designed as a versatile tool within the EngageX ecosystem, facilitating a variety of engagements:

* **Brands**: Utilize $ENGX for settling fees associated with campaigns and promotions, availing of significant discounts.
* **Users**: Subscribe with $ENGX to unlock enhanced perks within the EngageX ecosystem.
* **Token Holders**: Participate in the StakeBoost Program by staking $ENGX tokens.
* **Liquidity Providers**: Contribute to liquidity pools on supported DEXs and stake LP tokens in our LiquidBoost Program.

### Governance and Future Vision

In alignment with our long-term vision, we plan to **establish a DAO** to transition governance of the protocol to our community, particularly active participants in the **StakeBoost** and **LiquidBoost** programs. This democratic framework will empower token holders to propose and vote on pivotal developments and policy adjustments within the EngageX ecosystem, ensuring that it remains responsive to its users' needs and aspirations.
