> For the complete documentation index, see [llms.txt](https://nextablen.gitbook.io/untitled/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nextablen.gitbook.io/untitled/use-cases/token-application.md).

# Token Application

Scenarios As fuel for decentralized exchanges NexTablen provides users with a rich and complete service system. When users enjoy the products and services of the platform, NET will be the fuel for transactions on the decentralized chain of the platform. When using resources on the chain, NET is required. Every transaction and use will increase the value of NET.

Transaction fees can also be burned. In other blockchains like Bitcoin and Ethereum, one of the main sources of income for miners is transaction fees. Every time a customer makes a transaction, a certain percentage of the transaction fee will be charged. NexTablen Exchange will charge a small management fee when sending certain types of special transactions, and this fee will be destroyed. For regular transactions, if an account runs out of gas, a small fee is charged and then burned to fill the missing gas.

for community autonomy NexTablen adopts a distributed and democratic on-chain governance model. The goal of on-chain governance is to provide community members, developers, and miners with a safe way to change and control the development trend of the ecosystem. Those with a stake in the NexTablen network can submit proposals and then vote on changes to proposals or on-chain parameters.

used as collateral Representing the user's assets in the platform can also be used as a mortgage asset. NET will be used as a collateral asset for functions such as synthetic asset issuance, decentralized insurance, and personal credit Token.

future features

1. Many different kinds of Tokens can be added to the system to provide greater utility for the NexTablen exchange. This includes leveraged assets that are not available on other platforms.
2. Futures We hope to enable traders to use digitized futures on the NexTablen exchange in the near future. Many aspects of this functionality are yet to be finalized, but it is expected that it will use a self-balancing mechanism similar to the Uniswap auto market maker algorithm, where the total open interest per position and thus the risk to users is limited and lending rates are adjusted based on current open interest.
3. Leverage trading Leveraged trading drives a lot of trading on crypto exchanges, although digitized futures will compete directly with centralized futures Competing with currency platforms, but supporting tokenized leverage has a lot of value.
4. Advanced Order Types The current version of NexTablen Exchange only supports market orders, which limits the usability of the exchange. The advanced order engine will be able to support limit, stop, stop limit and other advanced order types. This will use the relay network to process advanced orders. Advanced order types are essential to achieve functional parity with centralized exchanges.


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