> For the complete documentation index, see [llms.txt](https://jester.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://jester.gitbook.io/docs/tokenomics.md).

# Tokenomics

- [Referrals](https://jester.gitbook.io/docs/tokenomics/referrals.md): Grow the Court, earn Favour, and build a 3-level network through Castellan.
- [Jester ($JEST)](https://jester.gitbook.io/docs/tokenomics/jester-usdjest.md)
- [Favour](https://jester.gitbook.io/docs/tokenomics/favour.md): Favour is the court’s currency of merit.
- [Earning Favour](https://jester.gitbook.io/docs/tokenomics/favour/earning-favour.md)
- [Seasons](https://jester.gitbook.io/docs/tokenomics/favour/seasons.md): Seasons of the Court
- [Tiers](https://jester.gitbook.io/docs/tokenomics/favour/tiers.md): Tiers of Standing (Multipliers + Snapshots — Holders Only)
- [Spoils](https://jester.gitbook.io/docs/tokenomics/favour/spoils.md): Spoils Pool (Dynamic, Buyback-Powered)
- [Buybacks](https://jester.gitbook.io/docs/tokenomics/favour/buybacks.md): Why Multipliers + Buybacks Instead of Fee Reductions
- [Summary](https://jester.gitbook.io/docs/tokenomics/favour/summary.md): >tldr