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

# Tokens

Within the Ocelex ecosystem, every token is derived from OCX, aimed at promoting sustainability. Each token is designed for distinct roles, crucial to reinforcing the framework's sustainability of the protocol. 

1. **$OCX**: This is the primary ERC-20 utility token of Ocelex, foundational to the platform. It supports liquidity and improves trading conditions. Holding $OCX can be converted into veOCX, offering further participation and influence in Ocelex.
2. **$veOCX**: Obtained by locking $OCX, this ERC-721 (NFT) governance token enhances your voting power the longer it is locked. Holders can earn from weekly distributions, which include trading fees and other incentives.
3. **$oOCX**: An emissions token that offers strategic benefits, such as redeeming OCX at a discount or converting to veOCX on a 1:1 basis. It aims to address token devaluation and align stakeholder incentives.
4. **$bveOCX**: A non-liquid token rewarding active voters in the ecosystem, redeemable for veOCX at a full discount, encouraging participation in governance.


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