# Utility Token $PATIC serves as the essential utility token within Polyverse, facilitating all in-game transactions. It is the currency required for various actions such as minting NFTs, purchasing items, and participating in the in-game economy. Users will need to lock **10,000 $PATIC** tokens to obtain a character and start playing the game and leveling up. If a user decides to mint the NFT into their wallet to sell, the locked $PATIC will be **spent**. #### **Governance Token** Separate from the utility token, there exists a governance token called **$GCV**. Holders can convert their $PATIC tokens into $GCV, which gives players a voice in decision-making processes and the management of sub-DAOs that could oversee different aspects of the game's ecosystem or in-game factions such as clans. #### **Rewards** Players will be able to stake their tokens to collect staking rewards. This not only provides an incentive for players to hold onto their tokens—thereby potentially increasing token value and stability—but also engages them further in the Polyverse economy. Additionally, along with staking rewards, users can also earn in-game rewards from loot boxes and activities. --- # 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://projectpolyverse.gitbook.io/polyverse-token-economy-whitepaper/executive-summary/utility-token.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.