# Token and Economic Model

Token Name: Ottochain&#x20;

Token Symbol: $OTTO

Token Supply: 1 Trillion&#x20;

Token Distribution: [OTTO DISTRIBUTION ](https://docs.google.com/document/d/1PgDOMml_aZyPsAybDshChNLdsqKnpDGNOnojHM3S62c/edit?usp=drivesdk)&#x20;

Token Utility: Currently primarily used for&#x20;

* transaction fees&#x20;
* participation in governance.
* Incentives and Rewards within the ecosystem&#x20;
* Decentralised Applications (DApps): Developers can build decentralised applications on top of the community chain, where the native token serves as the utility token within these applications. The token can facilitate value exchange, access to services, or in-app governance mechanisms.
* NFTs and Digital Assets: The token can be integrated with non-fungible token (NFT) platforms or used to represent ownership of digital assets within the community chain ecosystem. This allows for the creation, trading, and ownership of unique digital assets.


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