# $W3G - W3Gamez Network Token

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**The initial issuance and distribution of $W3G tokens is planned to commence in the Q1 of 2024.**
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## What is $W3G Token?

<figure><img src="/files/Z0mOh6hR4mCbfNLy8lge" alt="" width="145"><figcaption><p>W3Gamez Network Token ($W3G)</p></figcaption></figure>

W3Gamez Network Token ($W3G) serves as the native utility token of the W3Gamez Blockchain Network, powering its ecosystem and empowering its users. $W3G plays a multifaceted role, encompassing essential functionalities and enabling active participation in the network's governance.

<figure><img src="/files/AxSLHo5m1m901nTculds" alt=""><figcaption></figcaption></figure>

### Native Gas Fee

Unlike other Layer-2 Networks, $W3G serves as the primary currency for gas fees on the W3Gamez network, enabling users to execute transactions and interact with smart contracts within fully on-chain games. The W3Gamez network employs a gas fee burning mechanism, whereby a portion of $W3G spent on transaction fees is permanently removed from circulation. This incentivizes network usage while driving natural deflationary pressure, potentially increasing the token's long-term value.

### Staking Rewards

A designated portion of transaction fees denominated in $W3G is allocated to the staking reward pool. By staking $W3G tokens and meeting the established eligibility criteria, holders have the opportunity to earn passive rewards from this pool.

### **Network** Governance

$W3G grants its holders voting rights within the network ecosystem, allowing them to participate in on-chain governance proposals that shape the network's future development and direction.

## More About W3G Token

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[$W3G Token Metrics](/our-tokens/usdw3g-w3gamez-network-token/usdw3g-token-metrics.md)
{% endcontent-ref %}


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