> For the complete documentation index, see [llms.txt](https://ncclabs.gitbook.io/ncc-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://ncclabs.gitbook.io/ncc-docs/token-and-economy/token-economic-design.md). # Token & Economic Design The NCC token is the network-native asset of the NCC ecosystem. Used for governance, staking, liquidity coordination, Marketplace applications, PayFi settlement and ecosystem incentives. Its value is not driven by short-term market trading alone, but by a value loop formed jointly by real-asset yield, application use, user participation and ecosystem governance. ## Token Utility At the governance level, the NCC token can be used for protocol governance, ecosystem proposals and key parameter adjustments. At the liquidity level, it powers incentives, settlement and market activity within the Unified Liquidity Engine. At the application level, it enters Marketplace, PayFi and identity-permission scenarios as the base asset for ecosystem participation and value coordination. ## Real Yield Value Circulation Unlike traditional token models that depend on inflationary incentives, NCC's value loop is grounded in real-asset yield and real economic activity, forming a more sustainable ecosystem-growth mechanism. The core of this mechanism is reducing dependence on short-term speculation and incentives. Letting asset yield, consumer activity and on-chain liquidity build longer-term value relationships. The NCC token's design centers on network function, not a single price narrative. It plays multiple roles, governance, incentives, settlement, access and value coordination, allowing different ecosystem participants to collaborate under one asset framework. Over the long-term value loop, the token's role will be closely tied to real usage, liquidity demand and ecosystem governance. As RWAs, Marketplace applications and PayFi scenarios scale, the NCC token will increasingly function as the base asset for network participation and value coordination. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://ncclabs.gitbook.io/ncc-docs/token-and-economy/token-economic-design.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.