# What is $GRASS?

First created on 21st April 2022, GRASS is the native utility token for GOAT Tribe.

The total supply of GRASS is capped at 27,182,818. This number is a reference to Euler's Number, a naturally occurring mathematical constant relating to exponential growth.

## Utility

### Fee Reduction

Initial utility associated with $GRASS will be tied to the GOAT Tribe marketplace, where users will have the option to use our native token to cover up to 25% of fees. Furthermore, developments are  underway to allow transactions to be made on marketplaces, including our own, entirely in $GRASS.

In addition to this, we are investigating the potential for use of $GRASS for the purchase of physical items within our store.

### Smoking $GRASS

From the point of implementation of $GRASS as a fee reduction token on the GOAT Tribe marketplace and for every 18 epochs, fees earned from transactions of this nature will be burned, removing them from circulating supply.

### Rewarding Interaction

To help onboard users and engage through distribution, $GRASS will also be democratically distributed as an award for engagement, interaction and participation in our ecosystem.

### Connect with Community

Further utility of the $GRASS token currently being researched is associated with the GOAT Tribe store and interactive media.