# Voting
gWX holders can participate in voting on the Governance (opens new window) page. By means of voting users can influence the exchange platform development, verify tokens, change pools' APY, affect launching new pools, WX token release rate, fees amount, and much more. gWX holders also receive regular income in WX token. You can get gWX by locking WX token on the WX Staking / Boosting (opens new window) page. The more WX you lock and the longer is the duration of the locking period, the more gWX you get.
# Voting for Token Verification
You can create your own token and suggest it for verification. Your token can participate only in one voting at a time and should not have any labels (Gateway, DeFi, etc.).
We do not recommend verifying tokens that have:
- less than 8 digits after the decimal point to avoid losses due to rounding;
- a script. Such tokens can not be traded on the spot.
A verified token:
- can have its own liquidity pool and receive WX emission;
- trades on the spot in the 'Verified' mode;
- can have its own market maker bot on the spot;
- is included in the total value of the wallet.
To suggest your token for verification click Suggest Token on the Token Verification (opens new window) page.
Select a token, fill in the required fields and click Suggest Token.
The token will appear in the voting table.
In order to vote for a token, users need to click Yes or No in the table.
Voting lasts for ~1 week (10,080 blocks). A new voting starts immediately after the calculation of the results of the previous one. A token that does not reach a quorum or a majority of "Yes" votes becomes 'Unverified' and gets eliminated from the voting in 3 weeks. The rest of the tokens automatically participate in the next voting, the votes given for these tokens are automatically prolonged.
A token becomes 'Verified' if it reaches quorum and the number of gWX for 'No' is less than for 'Yes' by the time the votes are counted. After that, the token gets the 'Community Verified' label and all the benefits of a verified token.
Since your gWX balance is constantly decreasing, in order to simplify calculation, the voting table displays gWX balances that are relevant at the time when the voting ends.