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

# Token Utility

**$GENS** token is a **Cardano native token.**

**Native token** is a new feature that enables the **transacting** of **multi-assets** on **Cardano**. Users can transact with **ADA**, and with an **unlimited number** of **user-defined (custom) tokens natively**.

Native tokens offer **distinct advantages** for developers: there is **no need** to **create smart contracts** to handle **custom tokens** since the ledger takes **all token-related functionality**.

**The native tokens** feature extends the existing accounting infrastructure defined in the ledger model.

**$GENS** tokens are the native tokens of the **Genius Yield Protocol**. 

**The $GENS token** acts as a **governance token,** and anyone holding **$GENS** is part on the decision making of the **platform upgrades**. 

**The Genius Yield ecosystem** **enables users to earn** rewards.  **20% of the platform fees** on the DEX & Yield Optimizer fees will go to **$GENS** **stakers**. <br>