# $COFFFE

#### Tokens

**Definitions & Concepts**

* **$COFFEE** — ERC-20 utility token of the protocol\
  Two main objectives drive $COFFEE emissions:
  1. To reach and maintain sufficient liquidity for optimal trading conditions. $COFFEE tokens are emitted as farming rewards to incentivize deep liquidity.
  2. To encourage decentralized governance. $COFFEE can be used to participate in the continuous development of the platform through governance. The ultimate goal is to achieve true decentralization.
* **veCOFFEE** — ERC-721 governance token in the form of an NFT (non-fungible token)\
  veCOFFEE is the vote-escrowed version of $COFFEE. Users can lock their $COFFEE tokens for up to 2 years to receive veCOFFEE. The longer the tokens are locked, the more veCOFFEE voting power is granted. To encourage sustained participation, a user's veCOFFEE balance decreases over time, becoming zero at the end of the initial locking period. veCOFFEE positions can also be increased, divided, and resold on a secondary market.
* **CoffeeNFT** — ERC-721 founders' token in the form of an NFT (non-fungible token)\
  CoffeeNFT can be staked for revenue sharing. The staking pool receives a share of trading fees from Coffee DEX and royalties from secondary sales of CoffeeNFT.

**Token Addresses**

* $COFFEE: TBD
* veCOFFEE: `TBD`
* CoffeeNFT: `TBD`


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