# Matsuri Token ($MATSURI) Ticker: MATSURI\ Max Supply: 100,000,000,000 (100 Billion)\ Chain: ETH L1 The Matsuri Token (MATSURI) is the core native token of the Matsuri ecosystem.\ MATSURI has the following features: * **Event Support and Investment** Through MATSURI, support and investment are provided to enthusiastic events and projects worldwide, or those with the potential to generate enthusiasm. This allows MATSURI holders to indirectly contribute to the success of diverse events and enjoy the increase in their value. * **Index-like Behavior** Due to its involvement with valuable events globally, MATSURI functions somewhat like an index, reflecting the success of events and projects within the Matsuri ecosystem. * **Factoring** As mentioned in Existing Issues and Solutions, organizers face many challenges, including cash flow. The Matsuri Foundation guides events to success by providing rapid funding and settlement to organizers via MATSURI and other currencies. Furthermore, it features a design that is faster than traditional factoring and beneficial to all stakeholders, such as conducting token buybacks from event profits. * **Buyback Profits** Profits may arise from liquidity provision and market making by Mikoshi. Profits obtained from this will be allocated to Mikoshi buyback funds, effectively returning profits to token holders. * **Benefit Allocation** Benefits such as admission passes to events hosted by the Matsuri Foundation will be provided based on the number of tokens held and the holding period. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://matsuri.gitbook.io/whitepaper/en/token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.