# $ACES Token Mechanics

As the platform's reserve currency, $ACES tokens are fundamental to the ecosystem's growth through sophisticated bonding mechanisms. Each new asset listing locks additional tokens into liquidity pools, progressively reducing circulating supply. This creates a quadratic effect: as platform usage increases through new listings and trading volume, more $ACES tokens are removed from circulation while demand continues to rise.

#### Value Accrual Mechanisms 

The token's demand grows through multiple reinforcing channels:

* Network Growth: Each new asset pool expands utility and adoption
* Interoperability: $ACES serves as the common denominator for all asset tokens
* Routing Requirements: All trading activity must flow through $ACES pairs
* Transaction Fees: A portion automatically converts to locked liquidity

This creates a powerful growth cycle where increased platform activity simultaneously drives demand for $ACES while reducing available supply, establishing a sustainable model for long-term value and usage.