> 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 <a href="#what-is-the-utility-of-usdhold" id="what-is-the-utility-of-usdhold"></a>

<figure><img src="/files/9zmOsRDtRF8Lx0rbwExL" alt=""><figcaption></figcaption></figure>

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                            |


---

# 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://docs.holdstation.com/holdstation/token/token-overview/token-utility.md?ask=<question>&goal=<endgoal>
```

`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.