> ## Documentation Index
> Fetch the complete documentation index at: https://docs.jpeg.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# $JPEG Token

> The governance and ownership layer of the JPEG ecosystem

## \$JPEG

\$JPEG represents ownership and governance of the JPEG ecosystem.

It's the long-term layer that connects gameplay to protocol growth.

Holders of \$JPEG can:

* Vote on key parameters (theme cadence, pool size, royalty splits)
* Participate in protocol proposals
* Share in the platform's upside through buyback and deflation mechanisms

Revenue from activity inside JPEG — freestyle sales, sponsorships, marketplace fees — is used to buy back and reduce the circulating supply of \$JPEG, gradually concentrating value among holders who stay aligned with the platform's success.