# $NM Token

The native utility token of the NFTmuseum ecosystem ($NM) is designed to play a major role in the functioning of the platform from collecting fees to incentivizing all platform participants alongside proper governance.

## Overview&#x20;

The community is at the heart of our project. NFTmuseum gives ownership of its platform directly to its end users through governance rights. The $NM token serves multiple functions and conveys several rights within the NFTmuseum ecosystem;

**Auction** - $NM will be awarded to users based on actual usage, which promotes a sense of community and ownership of the protocol by those who actually use it!

**Access** - $NM will provide holders and users access to special games, tournaments, products, and discounted commission structures on all house pools in the future.

**Governance** - Staking $NM to receive $vNM can be used as governance to submit proposals and vote. To find out more about our $vNM yield generating token

**Liquidity Incentives** - $NM will be distributed to all participants of the ecosystem including players, investors, and liquidity providers.

**Fees** - Developers using the NFTmuseum protocol pay fees in $NM to build their dApps. With every auction accepted in a house pool.&#x20;


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