# What is $D8X?

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$D8X powers the D8X ecosystem and will be launched when the D8X exchange opens for trading. $D8X will be issued as an ERC-20 token on Polygon zkEVM.&#x20;

Refer to [supply](https://d8x.gitbook.io/d8x/d8x-token/supply "mention") for information on total supply, vesting schedule and token allocation.&#x20;

Refer to [utility](https://d8x.gitbook.io/d8x/d8x-token/utility "mention") for information on $D8X's use cases, which include:&#x20;

* Reduced trading fees on the D8X exchange
* Governance rights to propose and vote on changes to the protocol&#x20;
* Governance rewards for active governance participants (voters)