> For the complete documentation index, see [llms.txt](https://docs.novabank.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.novabank.finance/explanation-of-nvb-token.md).

# Explanation of NVB Token

The tokens issued under the NovaBank protocol, NVB, are minted rather than having a fixed total supply. The issuance is based on market supply and demand. There are no plans to conduct any form of fundraising prior to the official launch.

NVB operates on the BSC (Binance Smart Chain).

*<mark style="color:orange;">**NVB Token Trading Rules:**</mark>*

* Transaction Fees: 0% on purchases, 5% on sales.

*<mark style="color:orange;">**Fee Allocation:**</mark>*

* 1%: Ecosystem operation and development.
* 4%: Buyback and burn of NVB (the phased burning plan is executed through on-chain voting initiated by Nova DAO).