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

# Tokenomics ($GM Token)

**Behold the $GM Token, your passport to GM Degens Club NFTs!** 

This shiny new $GM Token isn't just for show; it's your key to dive headfirst into the dynamic GM Degens Club universe. With $GM in your arsenal, you get to have a say in what makes our ecosystem tick. It's like being the conductor of a crypto symphony! 

But that's not all – this token is the secret sauce that keeps our NFT collection's value safe and sound. To score your share of $GM, you'll need to stake your GM Degens Club NFTs, securely locking them away in our staking contract. It's like a digital treasure hunt with a dash of crypto staking. 💰🔒

**Ticker**\
$GM\
\
**Total Supply** \
update soon\
\
**Policy ID**\
update soon

**Usecases**\
WL auctions, raffles, NFT auctions, raffles, merch and more! 

<figure><img src="https://2123515317-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1Ck3rNwZkaBqxz7YBrRM%2Fuploads%2Fkk6zssapzcqFc0HwGthr%2F_d46eaa9c-042f-4f5c-b4c3-ac2780bca79a.jpg?alt=media&amp;token=1322647d-2a31-42f5-8d05-ee3a5fb0145d" alt=""><figcaption></figcaption></figure>