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

# Matrix Token

BEP-20 Token

## Token specifications

Network: Binance Smart Chain (BSC)

Token Type: BEP-20

Token Name: Matrix

Token Symbol: MTRX

Token Decimals: 9

Total Supply: 10,000,000,000 MTRX

Locked Balance: 2,500,000,000 - will be distributed to all NFT holders.

WHALE Protection: Users cannot buy/sell more than 1% of the total supply in a single transaction (100,000,000 MTRX).

## Fees and taxes

10% fee will be applied on every buy or sell transaction and it will be distributed as it follows:

   -3% - Liquidity Fee

   -7% - Txn Fee (distributed to all holders in the form of MTRX)

{% hint style="info" %}
**Matrix applies high fees in order to maintain the liquidity and constantly building price floor.**
{% endhint %}