# token Matrix NOVA token issuance, distribution To use NOVA services, participants shall go through the registration process through the wal let web and app (iOS and Android). Additional information shall be entered to satisfy global KYC and AML regulations, and the regulations may restrict some participants’ use during the registration process. The platform token, NOVA token, is called ‘NOVA’ and is a utility token. A total of 7 billion are issued and used as the key currency. It is paid as rewards for various activities of users inside the platform and airdrops through events, and can be purchased through external exchanges. Issuance, lock-up, and incineration are flexible in order to stabilize the actual token price. It is based on the initial issuance. Token Supply and Distribution Each issued NOVA is allocated according to its purpose, and the purpose and quantity of each distribution is as follows. lEcosystem & Platform Air Drop Ecosystem tokens provided by users’ revenue and are used as financial airdrops for marketing. lMarketing Reward & Reserve It is reserved to the foundation as rewards and reserves to be paid through Steaking Pool. lTeam, Founder, Advisor NOVA team and founder group will each have allocated tokens. The team is largely divided into business and technology parts, and includes key talents working for the platform. This includes the Founders Group and Advisors. --- # 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://nova-data.gitbook.io/nova-data/nova-token/token-matrix.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.