# The OXP token The OXP token serves as the cornerstone of the Bidds ecosystem, playing a vital role in powering the diverse functionalities across both the XRPL and Coreum platforms. As a multifaceted utility token, OXP can be seen as the gas token that fuels the layer-2 NFT ecosystem. ## Utility and Applications * Transaction Facilitation: OXP is used to streamline transactions within the marketplace. Its role as a 'gas' token simplifies processes, a singular token that can buy NFTs on both chains. * Creator Support and Royalties: The token is instrumental in supporting creators on the Bidds platform. Bidds decentralized its marketing spots on the homepage. Users can burn OXP on their favorite project page in order for them to be visible on the homepage. ## Integration Across XRPL and Coreum * Cross-Chain Functionality: OXP's integration across XRPL and Coreum underscores its versatility. It bridges the two platforms, allowing users to engage fluidly within the Bidds ecosystem regardless of the underlying blockchain. * Enhancing Liquidity and Accessibility: Plans for creating liquidity pools and ensuring the availability of OXP on major exchanges are geared towards bolstering its accessibility and utility within the broader blockchain landscape. ## Future of OXP * Strategic Development: Bidds is committed to strategically developing OXP, ensuring it remains a relevant and functional asset within and potentially beyond the Bidds ecosystem. * Market Expansion: The goal of having OXP listed on tier-1 exchanges and creating easy onramp solutions is to have OXP listed on tier-1 exchanges and the creation of easy onramp solutions are part of a broader vision to enhance its market presence and utility. * Within the Coreum ecosystem a focus will be placed on enabling holders to participate in DeFi, Farming and Pooling. Emphasis will be placed on incentivizing this for $OXP. * Once XRP Ledger AMMs go live, an OXP AMM will be created wherein people can trade and provide liquidity. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bidds.com/bidds/the-oxp-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.