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

# Native token

<figure><img src="https://3987726685-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGbB5NEhoy3EuFRP2zTTP%2Fuploads%2FGdBOs1rFmVKEVLK7nfwb%2FNative%20token.png?alt=media&amp;token=02412a95-5756-4bad-8f9b-0169656da940" alt=""><figcaption></figcaption></figure>

The native token of Apollo Protocol is the APOLLO token. The APOLLO token serves the purpose of governance, staking, farming and protocol rewards.

Additionally, 60% of the collected fees (from [Reserve Factor](/apollo-protocol/assets/risk-parameters.md#reserve-factor)) will be utilized for the buyback of APOLLO tokens and their transfer to the Apollo treasury.