> For the complete documentation index, see [llms.txt](https://docs.neokingdom.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.neokingdom.org/tokenomics/neok-substance/neok-holder-types/traders.md).

# Traders

Those are persons who have acquired NEOK for trading purposes from the secondary market and have no connection to NEOKingdom DAO (i.e., they are not DAO members or shareholders):

* they can apply to become investors;
* they can sell NEOK on the secondary market whenever they want;
* their NEOK is not taken into account while calculating the allotment of the NEOKingdom DAO ownership, governance, or dividend rights between all of its members.

<figure><img src="/files/WTc3JvTmvUxFV1WqPAul" alt=""><figcaption></figcaption></figure>