# Intro ## Welcome to CONE, a BSC ve(3,3) decentralized exchange CONE is a decentralized exchange that provides low-cost token swaps, reduced swap fees and a governance structure based on the ve(3,3) system. Andre Cronje popularized the ve(3,3) system with the release of Solidly. The system is a governance model that rewards active user participation through votes for gauges, bribes and deciding to lock or not lock governance tokens. When most users lock most of their tokens, they have a better experience of the economic structures in the ve(3,3) model, allowing them to receive more token yield, among other benefits. Reducing the inflation of native tokens provides these benefits, creating a pronounced dynamic of the scarcity of governance tokens among holders. In game theory, a scenario where most governance tokens are locked up is an outcome of cooperating in the prisoner's dilemma. The purpose of a ve(3,3) structure is to provide an environment in which users can mostly choose to collaborate and create a self-reinforcement cycle of growth. --- # 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://docs.cone.exchange/cone-swap/intro.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.