# Token Mechanics & Utility

**JOIN holders will be responsible for setting protocol fees and other parameters.**

Joint deployments on many chains will be governable through voting. The Joint community will use cross-chain governance contracts designed to allow the community to decide on protocol changes across Joint deployments.

Joint Protocol can charge a fee per completed swap operation. The community can decide on the fee percentage and transfer the accrued fee to the treasury and staking pool. 

The treasury and staking pool will be under the control of token holders. A portion of the accrued fee can be transferred to the treasury while the rest is sent to the staking contract reserved for staked token holders. 

JOIN voting gives holders control over Joint, allowing them to participate in the protocol's governance regardless of the chain on which they hold JOIN.

## Utility

* **Medium of Exchange:** JOIN is the medium of exchange for services across the Joint protocol and ecosystem. It will be used to pay and receive trading fees on Joint markets.
* **Governance:** JOIN tokens will be used for governance. Token holders can vote on significant changes to the protocol.
* **Security:** The JOIN token will be used as a security bond for new dispute mediators. Before they can participate in dispute resolution, mediators must purchase tickets that hold bonds denominated in JOIN.
* **Staking & Incentives:** Joint miners stake JOIN as a security bond to be eligible to complete protocol tasks. Miners are rewarded with JOIN when to complete a task successfully.