# $BCCXR - Token

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Do not confuse $BCCXR with [$BCCXY](https://bccx.gitbook.io/bccx/bccxy-yield-token/usdbccxy-tokenomics)
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## ERC-20

BCCXR, an ERC-20 token. BCCXR is a key component of BCCX's decentralized ecosystem. As a governance token, BCCXR enables token holders to participate in the decision-making process and contribute to the platform's growth. By staking BCCXR tokens, paritipants can have a say in the distribution of our Monetary Momentum Yield, influence key decisions, and earn rewards for their involvement.

## Earn $BCCXR

In addition to its various uses, there are several earning mechanisms available for participants to acquire BCCXR within the ecosystem:

* Winning competitions
* Staking reward
* Airdrops
* Minting Gold/Silver
* Buying Gold/Silver
* Holding Gold/Silver
* Spending Gold/Silver&#x20;
* Liquidity providers (for Liquidity Pools only)
* Trading on the BCCX platform
* and many others...

These BCCXR earning mechanisms provide participants with diverse opportunities to accumulate the governance token, further enhancing their engagement and overall experience with BCCX.

## Spend $BCCXR 🔥

Spending $BCCXR is essential for participants to get the most out of the ecosystem.&#x20;

Participants will benefit from:

* Reduced exchnage fees when paying in BCCXR
* Synthetic assets offering unique derivatives and exposure to real world assets on the blockchain
* Will need to BURN BCCXR to create synthetics and certain structured products that can be traded, staked and bonded
* and much more TBA!

Utilizing $BCCXR tokens within our ecosystem encourages healthy circulation and promotes long-term stability and value for the token within the ecosystem.
