# Token Utility ### The $NFTFY token has an essential utility in the NFTFY ecosystem. Some of the use cases include: #### **👉 Utility Token in the NFTFY Ecosystem** Since numerous new ERC20s are circulating in the DeFi market, the $NFTFY token acts as the liquidity base (collateral) for these new Fractions that seek recognition in the Liquidity Pools. Each pool created must have $NFTFY in its composition to participate in our rewards mechanisms and to be listed in the "Pools" section. #### **⚡ NFTFY Liquidity Providers Rewards** All liquidity providers will be eligible to participate in the **liquidity mining program**, which will be distributed over six years. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.nftfy.org/english/token/token-utility.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.