> For the complete documentation index, see [llms.txt](https://duelyst.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://duelyst.gitbook.io/docs/ecosystem/duel-token.md).

# DUEL Token

DUEL is an ERC-20 token, a digital asset that serves as a medium of exchange within the Duelyst Ecosystem. DUEL tokens are fully transferable. They can be burned and redeemed for xDUEL at a 1:1 ratio.

DUEL tokens can be burnt and instantly converted for xDUEL at a 1:1 ratio. Read more about DUEL and xDUEL at [Staking Terms](https://stakingterms.duelyst.xyz)

<figure><img src="https://1374973481-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FXT7zSsQJLSDPqXdWlAJa%2Fuploads%2F9egqPKzVRFWPDp5hrN4M%2FDuel%20Token%20HD-Photoroom.png?alt=media&amp;token=79f9a8ec-9715-47ae-a3d7-3cef961cbd95" alt="" width="188"><figcaption><p>DUEL Token</p></figcaption></figure>

| Token Utilities            | Description                                                                                                                                                                                                                                        |
| -------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Purchasing                 | $DUEL serves as the digital currency within the Duelyst Vanguard ecosystem, facilitating the acquisition of NFTs, in-game items, and entry into various gaming events for players.                                                                 |
| Governance                 | To engage in governance and participate in the DAO, $DUEL tokens must be converted to xDUEL tokens. Holding xDUEL empowers players and the community to take part in the governance process through a decentralized autonomous organization (DAO). |
| Incentives - Yield Farming | Through active participation in DeFi liquidity farming, contributors to the Duelyst Ecosystem can earn rewards. Providing liquidity via DUEL-USDT and/or other DUEL pairs enables participants to receive rewards in both DUEL and xDUEL tokens.   |