# $W3G - W3Gamez Network Token {% hint style="info" %} **The initial issuance and distribution of $W3G tokens is planned to commence in the Q1 of 2024.** {% endhint %} ## What is $W3G Token?

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.

### 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 {% content-ref url="usdw3g-w3gamez-network-token/usdw3g-token-metrics" %} [usdw3g-token-metrics](https://whitepaper.web3games.com/our-tokens/usdw3g-w3gamez-network-token/usdw3g-token-metrics) {% endcontent-ref %}