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description: A token suited for everything
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# Token

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### Token identifier: NEX-079037

Hard cap: 100,000,000

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The purpose of the NEX Token is to shape our ecosystem and bring it to life. It will be the engine behind our purpose, representing it and how it evolves over time. As the project gains traction in the market, the token will become an asset that users will seek to buy and profit from.

Its market value will be determined by numerous factors, such as the success of our locations, car portfolio, quality of services and technologies used, overall performance of our company, and market demand for the token.

### $NEX token has the following utilities for the $NEX token owners:

* The purchase of rent a car services
* Recieve token for providing the car sharing service
* Customer rewards: referral, score drive, car cleaning etc.
* Stake and receive rewards
* Participate in raffles and airdrops
* Swap and trade $NEX token once it is listed on DEX and CEX

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\*The rewards are in fact an incentive offered to $NEX token users/holders to assure their loyalty and the future development of the NEX AUTO ecosystem.

\*$NEX holders will not have any kind of representation, property, rights, equity nor any kind of values in any of NEX AUTO S.R.L ecosystem’s entities, the Issuer or any related companies or partners/collaborators.

\*No dividends are granted related to the eventual profits of the Issuer to the $NEX token holders/users.

\*By acquiring the $NEX token, no shares are granted in the Issuer’s share capital and implicitly neither voting rights in the Issuer nor other rights regarding the acquisition of Issuer’s shares (including option rights).

\*$NEX token is not backed by fiat or other physical assets.
