# The Nercoin (NERC) economy ![](/files/-MUAsMySaqIE91fy3pwt) NERC is a token used as change media for participation inside the **Nergame** platform. As with the other BEP20 tokens, all the interactions with NERC are inside the *Binance Smart Chain* blockchain. This blockchain and its wallets are widely used these days and its use is very simple. For the initial ICO of NERC we used a token called Nercoin created in [WAVES](https://waves.exchange) network given the low commissions of this network. Once the ICO was finished we created a smart contract to change the NERC assets from the WAVES token to the BEP20 token in the Binance Smart Chain network. We launched NERC on Binance Smart Chain (BSC) because of the actual Ethereum fees, so we thought that is the best option to trade cryptocurrencies. But for sure in the future, we will launch it in the Ethereum network. This token*,* unlike many others, is deflationary type, since as the events take place on the platform, a certain amount of NERC will be burned, thus increasing their value more and more. --- # 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://whitepaper.nergame.app/the-nercoin-nerc-economy.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.