# Tokenomics

$FMB is the native token on the FarmBit ecosystem. $FMB Tokens are used to reward users for participating in different operations on the network. $FMB holders participate in governance through on-chain voting. Token holders can make decisions to upgrade the protocol, including adding new functionality or amending the fee structure. This includes control over how functions such as risk models, liquidity provision, and reputation for participating entities

**$FMB Utility**: The $FMB token can be used for FarmBit-specific utilities. Users harvest yields when they subscribe to any pool. As a result, the users of the FarmBit protocol are directly empowered to operate, control, and gain value from the ecosystem.

**Transaction Fees**: Transaction fees are paid in $FMB by users for document structure, NFT minting, FarmBit financing transactions, and many more functionalities to come.

* **Token Name: FarmBit Token**
* **Token Symbol: FMB**
* **Blockchain: ERC20, BEP20, POLYGON**
* **Total Supply: 200 Million FMB**
