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

# Tokenomics

$PEL is the native ERC-20 governance token of Propel. Staking, reward sharing through providing liquidity to or safeguarding the protocol, as well as governance procedures, will all use $PEL as the fundamental utility token across a portfolio of Propel products. 

The token utility and tokenomics of $PEL were created with the blockchain's community-first approach in mind. Ownership of $PEL, which may be utilized to engage in platform governance, is earned by actual participation in protocol operations and maintenance. This technique enables ecosystem alignment by allowing for community-driven governance, creating a fair incentivization model, and allowing for community-driven governance.

### Utilities

PEL is the native token of the Propel platform. It contains features such as governance, incentives, and Proof of Stake (PoS): 

* Staking: users will stake $PEL to earn rewards and participate in Launchpools;  
* Governance: users will signal their intention to make platform decisions via $PEL native token governance;  
* Deflation via Platform Growth: As Propel itself grows, $PEL is retained and acquired for B2B deals.

### Token Model

![](https://lh6.googleusercontent.com/PxwDs9z1jWaikzSSuBHODlmNWirnF3SNi3StNAJG2bQYhfle4pyKL06SvTMQPk-1QkxRcwRrM-VHFhL27GxDkcRkBy36MEhrGFNzKaSCtRHCV3c_fJF7I47lR9bEeDgYc1lRnLxm)

![](https://lh3.googleusercontent.com/xJnKx9IXd7TCBTRS7HIQ7kPUfUpPjcNA6_zuh3IbaTC1Uh4Nd9p6z1ImNT19e_7QCASG6X-gZIVCKhGyJJbFb8lHJI-yh4rXPQlZoPYrv1tbV20QIzNnP0Ju0dhm8D4HBV39PUG2)


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