# About

## **What is $MONO?**

$MONO is the governance token for MonoX. $MONO holders will be able to participate in DAO votes and own the treasury. A portion of protocol fees will go to the treasury.

Our tokenomics ensure:

* Utility through Governance
* Network participation
* Incentivization mechanisms for liquidity providers.
* Retroactive token distribution via airdrop to reward early beta users.
* Long term value accrual:\
  i. Network effect provides impetus for token value appreciation as MonoX protocol grows.