> For the complete documentation index, see [llms.txt](https://versus-x.gitbook.io/versus-x/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://versus-x.gitbook.io/versus-x/recipe-for-success/usdvsx-token.md).
# $VSX token
The $VSX token is the native utility token of the Versus-X ecosystem and the engine behind the platform's wagering system. Players use $VSX to place wagers across all game modes, and all payouts are made in $VSX. While the platform supports wagering with different tokens and currencies to lower the barrier to entry for players, $VSX always offers the most favorable terms, including the lowest rake fees. This creates a natural incentive for players to hold and use $VSX as their primary wagering currency, tying token demand directly to platform activity rather than speculation.
When players wager with partner tokens, a slightly higher rake applies. The additional revenue generated through partner token wagers can be used to support the ecosystem in various ways, including proprietary trading of $VSX on the open market, funding promotional campaigns, or strengthening liquidity. This ensures that all wagering activity on the platform, regardless of which currency is used, ultimately reinforces the value of the native token.
$VSX launched on April 2nd, 2024 and is currently trading on Gate.io and Uniswap. The current token distribution is as follows:
* 37.00% of total supply is locked and will vest gradually through 2029, with releases scheduled at 5M $VSX in June 2026, 7M $VSX in June 2027, 11M $VSX in June 2028, and 14M $VSX in June 2029. These tokens will be allocated to the treasury upon release to fund ecosystem growth and development.
* 12.73% of total supply remains dormant within early investor vesting contracts.
* 10.00% of total supply is held in the Versus-X treasury, used to fund operations, partnerships, and growth initiatives.
* 5.87% of total supply is allocated to liquidity pools supporting $VSX trading on decentralized exchanges.
* 34.40% of total supply is freely circulating supply.
Unlocked tokens will only enter circulation in response to growing market and player demand, ensuring that supply increases are matched by genuine ecosystem activity. Looking ahead, the team is exploring a range of token sink mechanisms to further support long-term token value. These include proven iGaming mechanics such as promotional campaigns that encourage wagering and token accumulation, as well as multiplayer game mechanics like seasonal passes, custom player skins, and exclusive in-game items that can only be acquired with $VSX. Combined with the potential for structured token accumulation programs funded by platform revenue, these mechanisms are designed to create sustained demand for $VSX that grows alongside the player base.
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