> For the complete documentation index, see [llms.txt](https://docs.townsq.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.townsq.xyz/vetown-governance/town-token.md).

# TOWN Token

The TOWN token is the governance token of the TownSquare Protocol.

On a high-level, the Token is designed with the following utilities:

* Governance voting
* Gauge emission direction
* Staking for fee discounts

*Note: TOWN confers no dividend, profit-share, redemption, or revenue rights.*

For specific iterations or TOWN Token expected, please refer to the [veTOWN for Pools & Vaults](/vetown-governance/vetown-for-pools-and-vaults.md) section.