# Nomoex Token

**$NOMOX (Nomoex Token) is the economic backbone of the Nomoex ecosystem.**

The Nomoex Token, with the token symbol $NOMOX, was issued on the BNB Smart chain as a BEP-20 token in 2022. The total circulation is 250,00,00,000 and the number of tokens will be deflated in the future through measures such as repurchasing and burning. $NOMOX is also the native token of the Nomoex ecosystem. As a utility token designed for the entire self-circulating ecosystem, $NOMOX will capture greater value with the construction and development of ecosystems such as the Nomoex exchange ecosystem and the Nomoex ecosystem.

## $NOMOX Utilities

### [1. Burn Function](https://whitepaper.nomoex.com/tokenomics/utility-of-usdnomox#deflationary-concept)

### [**2. Staking**](https://whitepaper.nomoex.com/tokenomics/utility-of-usdnomox#staking)

### [3. **SAFU Provision**](https://whitepaper.nomoex.com/tokenomics/utility-of-usdnomox#safu-provision)

### [4. Engage to Earn](https://whitepaper.nomoex.com/tokenomics/utility-of-usdnomox#engage-to-earn)