xTAO is the governing currency (DAO) for Friction.Finance. xTAO is deflationary by nature, has no mint functionality, and a total fixed supply of 25,000,000. xTAO is unique in many ways, first and foremost, xTAO has automated re-distribution mechanisms that distributes 3% of every transaction to all holders proportionately and automatically after every transaction. This means that by just holding xTAO you will gain more xTAO in your wallet without having to stake or approve a single transaction. For those users who want to participate in farms and pools, don't worry, there are still additional incentives for that.