> For the complete documentation index, see [llms.txt](https://dao-nowhere.gitbook.io/nowhere-dao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dao-nowhere.gitbook.io/nowhere-dao/assets/usdnwd.md).

# $NWD

**Governance**

The only governance token of Nowhere DAO is NWD, with an initial total of X million, 100% owned by the community, and can be exchanged for NWD by obtaining NFT through the community contribution rules.

**Equity**

Holding identity NFT and a certain amount of NWD can participate in community governance, and the governance rights are equal; each time a community initiates a proposal, members need to donate additional X NWD as the now DAO public welfare fund. After the proposal is over, 50% will be used for nowhere global public welfare, 50 % Permanent destruction. Participants of community governance for more than 10 times will obtain the status of nowhere global public welfare ambassador NFT. This NFT cannot be transferred, transferred or traded.


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