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

# The Prophex Token ($PPX)

The Prophex Token ($PPX) is designed as a **core coordination and access mechanism** within the protocol. $PPX provides **direct functionality** across market creation, leverage, dispute resolution, and value accrual.

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