## What Is Universe.XYZ?

Universe Protocol is a social media NFT marketplace built out with services like auctions, minting, galleries, forums and social media created to streamline community engagement of NFTs. The NFT marketplace is powered by the xyzDAO, which is completely decentralized.

By holding the XYZ token, artists and collectors are allowed to build community on the same platform that they own a part of. Secondly, it allows the community and the buyers to interact and have all the information possible about a collection in one place.


XYZ is the native governance token that controls the xyzDAO and the Universe Protocol. 

It can be used for:
* Voting on the xyzDAO proposals.
* Staking in the xyzDAO to earn XYZ rewards.

Universe and xyzDAO tools include: 

* NFT Minting - Decentralized NFT minting and custom ERC-721 minting contracts for individuals.
* NFT Auctions - Specialized and normal NFT auction house that has multiple auction types.
* NFT Social Media - Decentralized NFT Social Media Platform to grow a community and post about NFTs.
* NFT Galleries - Galleries and slideshows to showcase NFTs and collections in a curated way.
* NFT Social Tools - Bringing social tools such as wiki bases and knowledge bases to the NFT community with likes and more.
* NFTs Drops and More - xyzDAO creates innovative NFT drops to explore use cases, games, metaverses and much more as the NFT space grows.

## How Many XYZ Tokens Are There in Circulation?

xyzDAO launched on June 6th, 2021 with 1 billion XYZ tokens created at genesis. A certain % of additional supply can be issued each year to support new users who want to join the network. This function is controlled by the DAO. To learn more about the XYZ Token distribution [click here](https://docs.universe.xyz/tokens/token-distribution).


### Who Are the Founders of xyzDAO?

Troy is a co-founder of [BarnBridge](https://barnbridge.com), a fluctuations derivatives protocol for hedging yield sensitivity and market price. Troy also runs RUDE_labs, a crypto-centric artist company. He has been exploring the many benefits that blockchain can bring to media and artists since 2012 when he got bit by the Bitcoin bug and has been falling down the rabbit hole ever since. Troy has worked in and around the Crypto space, devoting most of his time to Ethereum based projects. Previously was working on SingularDTV/Breaker and snglsDAO trying to decentralize media and entertainment. Before that was building a Title III equity crowdfunding platform using Ethereum tokens in 2016.

Tyler  Ward is also a co-founder of [BarnBridge](https://barnbridge.com) and is the founder of Proof Systems, one of the largest marketing & UI/UX companies specializing in digital assets. Tyler has worked with ConsenSys, Earn.com (acquired by Coinbase), FOAM, Dether, Grid+, Centrality, Sylo, NEAR Protocol, DARMA Capital, SingularDTV & the snglsDAO. He started working in crypto in late 2016 & has bought and sold numerous eCommerce companies.

Milad Mostavi is also a co-founder of [BarnBridge](https://barnbridge.com) and has an active CTO role. He is a seasoned software architect and in the past 5 years has worked with ConsenSys on a dozen different projects. His contribution was decisive in successfully launching SingularDTV and Gnosis and orchestrated the development of SingularDTV’s entertainment decentralised ecosystem.

Tim Kang developed [Sevens Foundation](https://grants.art) and [CUE Music](https://cue.live) as a solo engineer to support and empower artists and creatives. As both a technical and product visionary, he's an early investor in Ethereum, Chainlink, and BarnBridge, and has been working towards building a more fair future for others through decentralized systems. He is also known as 'illestrater' who had broken NFT sales records which in turn helped push NFTs into the mainstream spotlight in early 2021.


### Where Can I Buy xyzDAO Governance Tokens (XYZ)?

XYZ is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[SushiSwap](https://app.sushi.com/swap?inputCurrency=0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48&outputCurrency=0x618679df9efcd19694bb1daa8d00718eacfa2883) offers the largest pair (XYZ/USDC) as of July 2021. 

New to cryptocurrency? Read CoinMarketCap’s [easy guide](https://coinmarketcap.com/how-to-buy-bitcoin/) to buying Bitcoin or any other token.

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