> 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/utility-token-hwik.md).

# Utility Token: HWIK

<table><thead><tr><th width="160">HWIK</th><th>Details</th></tr></thead><tbody><tr><td>Type</td><td>Utility Token</td></tr><tr><td>Supply</td><td>The maximum supply of HWIK tokens cannot exceed 20% of HCL market capitalization</td></tr><tr><td>Consumption</td><td>Swap fee, NFT Marketplace fee, Cross-chain bridge fee, SBT minting cost, exchange within the TAGLO app will be burned from circulation</td></tr><tr><td>Network</td><td>WEMIX ERC-20</td></tr></tbody></table>

The HWIK token is the utility token of the Hwik Circle Layer, and the HWIK token has the following utilities that allow access to various services in the Hwik Circle Layer ecosystem and is offered as an incentive reward for on-chain activities.

* **Hwik Circle Layer Decentralized Exchange (DEX) Fee**&#x20;
* **Minting of NFT or Soul Bound Token (SBT) / NFT Marketplace Trading**&#x20;
* **Hawik Circle Layer-based MaaS and LaaS DApp Service Fees and Rewards**&#x20;
* **Swap to Governance Token (HCL) by Converting feature (burning HWIK Token)**&#x20;
* **FT, NFT Staking Rewards and Staking Boost**&#x20;
* **Referral and verification Rewards for PoC-based DApp services such as TAGLO**