# Utility & Incentives

### Utility & Incentives

ENX token serves as the backbone of the Enexfi ecosystem, enabling multiple functionalities and rewarding participants who contribute to the growth and verification of renewable energy assets.

#### Utility

ENX can be used for:

* **Transactions:** Trade energy assets and ENX tokens within the platform.
* **Staking & Rewards:** Stake ENX to earn rewards from energy production and platform participation.
* **Governance:** Participate in voting on protocol upgrades, platform policies, and ecosystem decisions.
* **IoT Device Rental:** Rent IoT devices to verify energy production and earn ENX tokens.
* **Token Creation & Trading:** Convert verified energy production into ENX tokens and trade them globally.
* **Platform Payments:** Pay for services, agreements, and energy-related transactions with ENX.
* **Liquidity Provision:** Provide liquidity in pools to enable decentralized trading and earn fees.
* **Real-World Asset Investment:** Invest in verified energy projects and other energy-backed assets using ENX.

#### Incentives

To encourage participation and ecosystem growth, Enexfi offers:

* **Energy Verification Rewards:** Users who operate IoT devices and validate energy production earn ENX tokens.
* **Staking Incentives:** Participants staking ENX receive additional rewards, increasing engagement and liquidity.
* **Ecosystem Contributions:** Rewards for supporting ecosystem activities such as partnerships, community growth, or project onboarding.
* **Referral Programs & Promotions:** Users can earn ENX for introducing new participants or completing platform-driven tasks.
* **Sustainable Energy Adoption:** Incentivizes renewable energy production and participation in energy-backed real-world projects.

**Summary:**\
\
ENX not only facilitates transactions but actively incentivizes participation, energy verification, investment in real-world energy assets, and long-term engagement in the Enexfi ecosystem.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://enexfi.gitbook.io/enexfi/tokenomics/utility-and-incentives.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.