> For the complete documentation index, see [llms.txt](https://docs.holdstation.com/holdstation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.holdstation.com/holdstation/token/token-overview/token-utility.md).
# Token Utility
**$HOLD** - A governance token that enables holders to participate in the decision-making process through voting on DAO proposals, whitelist for launchpad and multiple fees discount.
HOLD token distribution follows a **fixed supply**, decaying emission model as a general principle. This means that as time passes, the token emission decreases according to a fixed schedule. This distribution model is designed to reward users who stake or hold tokens for longer periods.
## $HOLD Utility
Our platform was accumulating an impressive **$3,300,000+ in trading fees** - an achievement that has us buzzing with excitement! Imagine the excitement as our official token $HOLD takes center stage, **sharing 40% of trading fees**. It's not just a makeover; it's a complete game-changer, igniting a fresh approach to maximizing gains of #realyield.
| **HOLD** **Utilities** | **Descriptions** |
| ----------------------- | ----------------------------------------------------------------------------------------------------------------------- |
| Discounted Trading Fees | Users can enjoy a remarkable [**fee discount**](/holdstation/holdstation-defutures/defuture-fees.md) when holding $HOLD |
| Delegate Voting | Use HOLD to delegate voting rights |
| Launcher Exclusive | **HOLD Stakers** earn whitelist to paticipate every projects launch on Holdstation Launchpad |