> For the complete documentation index, see [llms.txt](https://goat-tribe-1.gitbook.io/goat-tribe-docs-1/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://goat-tribe-1.gitbook.io/goat-tribe-docs-1/usdgrass/what-is-usdgrass.md).

# What is $GRASS?

## 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 <a href="#utility" id="utility"></a>

#### Fee Reduction <a href="#fee-reduction" id="fee-reduction"></a>

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 <a href="#smoking-usdgrass" id="smoking-usdgrass"></a>

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 <a href="#rewarding-interaction" id="rewarding-interaction"></a>

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 <a href="#connect-with-community" id="connect-with-community"></a>

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