> For the complete documentation index, see [llms.txt](https://messier.gitbook.io/catalogue-de-messier/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://messier.gitbook.io/catalogue-de-messier/m87-token/utility.md).

# Utility

At the core of the ecosystem is **$M87**, a fully distributed, deflationary community token. The VirgoDAO treasury is capped at 87 ETH, and at the end of each investment cycle any value above that cap buys back and burns M87 (see Buyback & Burn).

### What you can do with M87

#### Stake in VirgoDAO

Staking M87 in VirgoDAO mints an equal amount of **MTT (Messier Traveler Token)**, which represents your stake and earns a share of the rewards from every successful DAO investment.

Your stake size determines your governance role:

| Role       | Requirement                                                          | Power                                                 |
| ---------- | -------------------------------------------------------------------- | ----------------------------------------------------- |
| **Pōwehi** | Ranked in the top 87 stakers **and** at least 500,000,000 M87 staked | Create proposals. Pōwehi do not vote on them.         |
| **Halo**   | Every other staker with at least 8,700,000 M87 staked                | Vote on proposals (one vote per staked wallet or NFT) |

Stakers who stay staked for a full investment cycle become **Dark Listed** and qualify for extra Supernova rewards.

#### Bid on Messier Objects

The 110 Messier Objects NFTs were originally auctioned for M87. Each Object carries permanently staked tokens and earns more than staking M87 alone. Objects now trade between holders for ETH.

#### Submit ideas to the Innovator Hub

Stake **10,000,000 M87** to submit a proposal to the Innovator Hub. Winning ideas are built by Messier and their proposers earn 30% of net revenue.

#### Trade tax-free on the P2P Exchange

M87 has its own pools on the Messier P2P Exchange (**M87/USDT** and **M87/USDC**). Trades there pay no token tax and no slippage.

#### Transact privately with Horizon

Horizon runs a dedicated M87 privacy pool on Ethereum.

#### Take part in community burns

Raids and community campaigns turn engagement into M87 burns (see Raid-to-Burn).