> For the complete documentation index, see [llms.txt](https://docs.beamdex.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.beamdex.xyz/protocol-overview/beams-ve-3-3-ecosystem/beam-native-tokens.md).

# Beam Native Tokens

The Beam ve(3,3) ecosystem is centered around two tokens to manage its utility and governance:

$BEAM — ERC-20 utility token of the protocol, minted and emitted to ve(3,3) liquidity pools each week

veBEAM — ERC-721 governance token in the form of an NFT (non-fungible token)

**veBEAM**

veBEAM is used for governance. Any $BEAM holder can vote-escrow their tokens and receive veBEAM (also known as a veNFT) in exchange. Additional $BEAM tokens can be added to the veBEAM NFT at any time, increasing its voting power. You can read more about these mechanics [here](/protocol-overview/beams-ve-3-3-ecosystem/vebeam-voting-and-rewards.md).

* Max veNFT lock period: 2 years
* veBEAM positions can be merged, split, and sold on the secondary market