# Multi-Token Systems ### Dual-token vs. Single-token Models * Dual-token Models: Clearly separate governance from utility, providing targeted incentives and simplifying economic management. Variations include Off-chain/On-chain or dual On-chain systems. Axie Infinity utilized a dual-token model (AXS governance token and SLP utility token), though with mixed results. * Single-token Models: Simplify user experience but require careful economic management to balance different token roles effectively. ### Ecosystem Token Interactions Multi-token systems must clearly define interactions to avoid complexity and unintended economic behaviors. Effective design prevents arbitrage opportunities and aligns inter-token incentives toward overall ecosystem sustainability. ### Risks and Benefits of Multi-token Structures * Risks: Increased complexity, potential liquidity fragmentation, higher user learning curve. * Benefits: Clear separation of roles, targeted incentives, and reduced risk of single-point economic failure. --- # 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://playbook.tokenise.tech/module-3-advanced-tokenomics-strategies/multi-token-systems.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.