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

# SWAP token

<figure><img src="/files/oMJkcuWHVCuBWrI7M20b" alt="" width="563"><figcaption></figcaption></figure>

\
The SWAP token is central to the Pacaswap metagraph, offering a wide range of functions,benefits and utility, including:

### Governance Participation

SWAP token holders play a vital role in the platform's governance. They can vote on key decisions, including platform policies, token emission schedules, incentive distribution mechanisms, and other essential matters that shape the future of Pacaswap.

### Liquidity Provider Incentives

Liquidity providers (LPs) are rewarded with SWAP tokens for contributing to the platform's liquidity pools. This incentivizes efficient market operations, ensuring users enjoy low slippage and high trading efficiency.

### Node Operator Rewards

Node operators who support Pacaswap's infrastructure and ensure its security are compensated with SWAP tokens. This encourages reliable performance and participation in maintaining the metagraph nodes that underpin the metagraph.

### Emissions and Voting Power

SWAP tokens can be locked for voting power. This voting power is used to influence critical governance decisions, including:

* Distribution of incentives.
* Adjustments to platform fees.
* Allocation of resources to various initiatives.


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