# The xDGMV token

## xDGMV token

xDGMV is how we refer to$DGMV tokens that are locked in governance contracts. They are non-transferable, and their utility is limited to participation in DGMV community governance. 

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xDGMV is not a separate token – only an extension of $DGMV
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## Generating xDGMV tokens

The only way to create xDGMV tokens is to lock your $DGMV tokens in a governance contract. For each $DGMV token locked in the governance contract, token holders will receive one xDGMV token. 

## Converting xDGMV to $DGMV

To convert xDGMV tokens back to transferable $DGMV tokens, you must initiate a withdrawal. Here's how the withdrawal process works:

* A selected amount of xDGMV tokens stays locked in a vesting contract for 12 months
* After 12 months, the xDGMV tokens will be burned, and you’ll receive an equivalent amount of $DGMV tokens from the pool previously locked in the governance contract
* The token holder loses the governance power multiplier associated with holding the xDGMV tokens which are being withdrawn
* xDGMV tokens subjected to the withdrawal mechanics remain usable for governance, with half the voting power based on token amount

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**Remember…**\
Any tokens locked against proposals through governance mechanics will be removed from the withdrawal.
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## xDGMV Utility

**You can use your xDGMV tokens to:**

* Create draft proposals
* Advance draft proposals to the voting stage
* Vote on proposals