# Understanding ANGEL Token

ANGEL token is the native token of the Erebus platform. It's used primarily as a utility token, allowing ANGEL investors to interact with the platform.\
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There are 2 main uses to the ANGEL token:\
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1\. Hodling & staking ANGEL tokens will allow you to participate in upcoming IDOs, with allocation determined based on tier. (See TIERS for more information) You'll also earn more ANGEL tokens based on the fees generated when ANGEL is traded.\
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2\. ANGEL token can also be used as payment for upcoming IDOs, as well as for Erebus Angels merchandise. (ErebusAngels.com)\
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ANGEL token is designed to appreciate in value in multiple ways:

 1\. Through the requirement of hodling ANGEL tokens to participate in new IDOs, driving the price up as our community grows

1. Through the payouts given for staking, rewarding hodlers of ANGEL token with more tokens
2. Through the use as a settlement currency for new IDOs, driving the price up as more people participate in more IDOs
3. Through the use of ANGEL tokens as payment for Erebus Angels merchandise, giving it true value in exchange for real-world goods.\
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   For more information on participating in the Erebus platform, see “**IDO Investor Guide”** and **“DAO Member Guide”**


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