> For the complete documentation index, see [llms.txt](https://nurb.gitbook.io/nurb-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nurb.gitbook.io/nurb-whitepaper/tokenomics/token-utility.md).

# Token Utility

The NB token serves multiple utility functions within the Nurb ecosystem, including but not limited to:

Governance: NB token holders can participate in governance by voting on proposals, protocol upgrades, and parameter adjustments, ensuring decentralized decision-making.

Transaction Fees: NB tokens are used to pay for transaction fees within the Nurb network, incentivizing token holders to actively engage in the ecosystem.

Rewards and Staking: Token holders can stake their NB tokens to earn rewards, encouraging long-term holding and network participation.

Access to Services: NB token holders gain privileged access to exclusive services, premium features, and discounted fees within the Nurb ecosystem, fostering loyalty and utility.