> For the complete documentation index, see [llms.txt](https://yay.gitbook.io/yay-wiki/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://yay.gitbook.io/yay-wiki/yay-wiki-en/tokenomics/yay-governance-token.md).

# YAY (Governance Token)

## YAY

* Ticker symbol = YAY
* Issued as an FT on the Soneium under ERC-20; issuing limit of 10 billion tokens 
* Governance tokens that hold important decision-making rights with regard to Yay!’s ecosystem
* Users can withdraw EMPL by converting it to YAY at market price