> For the complete documentation index, see [llms.txt](https://docs.mclb.org/millennium-dao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mclb.org/millennium-dao/core-pillars/usdmclb-token.md).

# $MCLB Token

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$MCLB serves as the governance token of the Millennium Club DAO, enabling holders to participate in the decision-making processes that shape the future of the ecosystem

Fundamentally, $MCLB is used for the following purposes:&#x20;

1. **Buyback and Burn:** DAO revenue is allocated for the purpose of executing buyback and burn initiatives for $MCLB tokens. This strategy aims to reduce the token supply, increasing scarcity and value over time.<br>
2. **Governance:** $MCLB token holders may participate in governance and propose certain changes to the MCLB ecosystem, including govern the community treasury and product expansion. <br>
3. **Access to Early-Stage Investments:** $MCLB token holders enjoy privileged access to invest in [seed and pre-sale rounds](/millennium-dao/dao/dao-investments.md) for highly anticipated projects. This exclusive opportunity grants investors the potential for significant gains by participating in the early stages of promising ventures.