# Tokenomics

$CP is City Neobank's native utility token. It is the mechanism that makes the neobank work harder for its most active users. 

<table><thead><tr><th width="233.85546875">Utility</th><th>Details</th></tr></thead><tbody><tr><td><strong>Governance</strong></td><td>$CP holders can propose and vote on ecosystem initiatives and plans.‍</td></tr><tr><td> <strong>Yield boost</strong></td><td>$CP holders may receive a yield boost on City Protocol vault yield products.</td></tr><tr><td><strong>Priority and accessibility</strong></td><td>Qualified holders get priority access to certain yield or investment opportunities offered by City Protocol.</td></tr><tr><td><strong>Staking and value accrual</strong></td><td>Users can stake $CP to earn additional returns.</td></tr><tr><td><strong>Fee benefits &#x26; Medium of Exchange</strong></td><td>Token holders can use $CP for partial fee discounts, or use $CP directly to pay across the stack. </td></tr><tr><td><strong>Incentives</strong></td><td>Protocol contributors are rewarded with $CP through grants, liquidity programs, onboarding rewards, and growth campaigns. </td></tr><tr><td><strong>Creator Benefits</strong></td><td>$CP holders access more opportunities in Viral City and Virality Leaderboard</td></tr></tbody></table>

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