> For the complete documentation index, see [llms.txt](https://magma-finance-1.gitbook.io/magma-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://magma-finance-1.gitbook.io/magma-finance/tokenomics/introducing-usdmagma.md).

# Introducing $MAGMA

Economic design and distribution framework, powering the Sui network's adaptive liquidity engine.

### Basic <a href="#basic" id="basic"></a>

* Name: MAGMA
* Ticker: MAGMA
* Chain: Sui
* Total Supply (Max): **1,000,000,000**.
* Coin\_type address on Sui: [0x9f854b3ad20f8161ec0886f15f4a1752bf75d22261556f14cc8d3a1c5d50e529::magma::MAGMA](https://suivision.xyz/coin/0x9f854b3ad20f8161ec0886f15f4a1752bf75d22261556f14cc8d3a1c5d50e529::magma::MAGMA)

#### Initial $MAGMA Token Allocation

The total and maximum supply of the $MAGMA token is fixed at **1,000,000,000**.

<figure><img src="/files/mCGxMSWGgFZ303ljZQyn" alt=""><figcaption></figcaption></figure>

#### $MAGMA Token Utilities

$MAGMA is the protocol’s **native cryptographically-secure fungible utility token**.

| Utility Category            | Description                                                                                                                                                                                                                                                                                                    |
| --------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Governance                  | $MAGMA serves as the native governance token , allowing holders to propose and vote on governance proposals to determine future features, upgrades, and/or parameters of the protocol.                                                                                                                         |
| Incentives and Compensation | Used to provide economic incentives. $MAGMA will reward Liquidity Providers (LPs) who stake assets into decentralized market-making pools as compensation for opportunity costs. Rewards are distributed based on a user's relative contribution.                                                              |
| Loyalty and Access          | $MAGMA functions as a digital loyalty membership , granting active participants a licence for exclusive access to selected products or services. Users are categorized into loyalty tiers based on holdings and activity , with premium tiers offering greater access to features and more preferential terms. |