> For the complete documentation index, see [llms.txt](https://docs.ashswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ashswap.io/getting-started/ashswap-token.md).

# AshSwap Token

ASH token and how it works within the AshSwap Protocol and Platform.

### Native Token - ASH

<figure><img src="https://3085731692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIu87vQiZbdD79KPpWRPP%2Fuploads%2FXl2KOmZhtYO56TXkmytX%2FAshSwap%20ASH%20token%20banner.jpg?alt=media&amp;token=e5aaca58-387c-4a3d-a055-227201c6a3d3" alt=""><figcaption></figcaption></figure>

ASH is the native token of AshSwap. It serves as the entry for extended features and incentivizes liquidity providers on the platform.

**ASH Token Utility:**

* **Revenue Sharing**
* **DAO Voting Right**
* **Farming Yield Boosting**
* **Stablecoin Minting Fee (coming)**

This helps:

* Reduce selling pressure & create constant buying pressure
* Bring benefits to long-term holders
* Create revenue stream

{% embed url="<https://explorer.multiversx.com/tokens/ASH-a642d1>" %}
ASH Contract on MultiversX
{% endembed %}

By locking ASH for a certain amount of time in Governance Staking, users get veASH in return and have multiple benefits.

### Obtaining ASH

* ASH can be obtained by participating in Liquidity Staking (Farming) program on AshSwap and Metastaking program on xExchange.
* ASH is currently listed on [**xExchange**](https://xexchange.com/swap) (ASH/EGLD) and AshSwap’s concentrated liquidity pool (ASH/USDT).

{% content-ref url="/pages/RpJksuZNaqoprGWOmXLS" %}
[Governance - AshDAO](/ashswap-dex/governance-ashdao.md)
{% endcontent-ref %}

### Governance Token - veASH

<figure><img src="https://3085731692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIu87vQiZbdD79KPpWRPP%2Fuploads%2FRqF0Uj3uoxE1MqTNUdvE%2FAshSwap%20veASH%20token%20banner.jpg?alt=media&amp;token=3dee3935-d1f7-40d4-8a74-88e85568d398" alt=""><figcaption></figcaption></figure>

ve stands for Voting Escrow, a system for temporarily locking up tokens (such as veCRV for Curve; or veASH for AshSwap). Take veASH as an example, the veToken serves the following purposes:

* Earn 50% of the trading across all pools on the exchange[AshSwap Litepaper](/getting-started/understand-ashswap/ashswap-litepaper.md)
* Be able to [boost farming yields](/ashswap-dex/governance-ashdao/farm-boost.md), by up to 250%
* Have Voting Power in AshDAO in which users can participate in governing specific metrics in AshSwap products<br>
* [Earn Bribe](/ashswap-dex/governance-ashdao/bribe.md) while voting in AshDAO

{% hint style="info" %}
As AshSwap evolves and more products are developed, veASH holders will continue to benefit from those greatly.
{% endhint %}

[How to claim trading fees](/ashswap-dex/governance-ashdao.md)