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

# The Ouroboros ($ORX) Token

<figure><img src="/files/ByBYafA2PGUIC4I6DLJ7" alt="" width="375"><figcaption><p>ORX</p></figcaption></figure>

* **Name:** Ouroboros
* **Symbol/Ticker:** ORX
* **Contract Address:** 0xd536e7a9543cf9867a580b45cec7f748a1fe11ec
* **Max Supply:** 1,270,600,000 (but likely to be much lower.  See [Vesting Schedule](/the-ouroboros-usdorx-token/launch-participation-mechanics.md) for more details)
  * Supply Breakdown:&#x20;
    * 1,000,000,000 tokens emitted via the [launch mechanism](/the-ouroboros-usdorx-token/launch-participation-mechanics.md)
    * 600,000 tokens emitted for initial liquidity provisioning (locked, smart contract controlled)
    * 20,000,000 tokens which *may* be emitted via the onboarding system
    * 200,000,000 Backstop Pool incentives (optional, not on at launch)
    * 50,000,000 USDX/WETH incentivised UniswapV2 farm (optional, not on at launch)

## Purpose

The ORX token sits at the center of the Ouroboros ecosystem, and acts as the **primary value accrual mechanism for the protocol**.  Any products launched under the Ouroboros umbrella will be required to divert **fee sharing/inflationary rewards to ORX holders**.  Protocols which have no fee/inflation structure should make use of ORX in some manner to enrich it with usecase/utility.

## Further Reading

1. [Pumpamentals](/the-ouroboros-usdorx-token/pumpamentals.md)
2. [Launch Mechanics](/the-ouroboros-usdorx-token/launch-participation-mechanics.md)