> For the complete documentation index, see [llms.txt](https://hwikcircle.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hwikcircle.gitbook.io/whitepaper/tokenomics/dual-token-model.md).

# Dual Token Model

The Dual-token Model refers to Tokenomics, which aims to improve utility and build a stable ecosystem by issuing two tokens with different characteristics in the ecosystem, such as \[governance token + utility token] or \[native token + Gas fee token]. Several projects, including STEPN and Axie Infinity, are operating based on dual token model.

<table><thead><tr><th width="117">Project</th><th width="221">Token Category(Symbol)</th><th width="180">Network</th><th>Max Supply</th></tr></thead><tbody><tr><td>STEPN</td><td><ul><li>Governance(GMT)</li><li>Utility(GST)</li></ul></td><td><ul><li>GMT: Solana</li><li>GST: Ethereum, BNB Chain, Solana</li></ul></td><td><ul><li>GMT: 6,000,000,000</li><li>GST: infinite issues</li></ul></td></tr><tr><td>Axie Infinity</td><td><ul><li>Governance(AXS)</li><li>Utility(SLP)</li></ul></td><td><ul><li>AXS: Ethereum</li><li>SLP: Ronin</li></ul></td><td><ul><li>AXS: 270,000,000</li><li>SLP: infinite issues</li></ul></td></tr><tr><td>Hooked Protocol</td><td><ul><li>Governance(HOOK)</li><li>Utility(HGT)</li></ul></td><td><ul><li>HOOk: BNB Chain</li><li>HGT: BNB Chain</li></ul></td><td><ul><li>HOOK: 500,000,000</li><li>HGT: infinite issues</li></ul></td></tr><tr><td>VeChain</td><td><ul><li>Native(VET)</li><li>Gas Fee(VTHO)</li></ul></td><td><ul><li>VET: Vechain</li><li>VTHO: Vechain</li></ul></td><td><ul><li>VET: 86,712,634,466</li><li>VTHO: infinite issues</li></ul></td></tr></tbody></table>