> For the complete documentation index, see [llms.txt](https://docs.eclipsepad.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.eclipsepad.com/tokenomics/eclipse-eclip-token.md). # Eclipse (ECLIP) Token ## **What is the Eclipse ($ECLIP) token?** The $ECLIP token is the governance and utility token of the Eclipse launchpad and in the future the native token of the Eclipse ecosystem. \ At first, the $ECLIP token will be launched as a CW20 standard token on top of the Juno Network. When Eclipse becomes its own app chain, $ECLIP will migrate to the native blockchain token of the Eclipse ecosystem. ## **The $ECLIP token will have the following utilities:** ### **Used to earn Cosmic essence and participate in IDO launches** The $ECLIP token is used to determine participants in IDO rounds. A tier mechanism based on $ECLIP staking helps to reward investors with more long-term commitment and skin in the game, and helps to increase the chances of allocation inside the IDO. \ Staking the $ECLIP token allows users to receive Cosmic Essence which is used to help determine tiers. \ More on that here: [Tiers, Whitelisting and Cosmic Essense](/eclipse-mechanics/tiers-whitelisting-and-cosmic-essense.md) ### **Community governance** As Eclipse Pad moves towards a DAO model, $ECLIP will play a key role in governance. Examples include approval of launch projects, governance proposals, as well as pieces of the management of the rewards pool and investment DAO pools ### **Mechanism for bootstrapping staking and liquidity** The $ECLIP token will be used to bootstrap staking rewards and liquidity. It will incentivise pools to attract the required liquidity depth for stable price action. \ \ Incentives from emissions are only an initial bootstrapping mechanism, we are strong believers in the need for sustainability and real-yield. \ The [Rewards Pool](/eclipse-mechanics/rewards-pool.md)and the [Deflationary Model](/tokenomics/deflationary-model.md) are models in place to drive towards more sustainability and gradually replace incentives from emissions. ### **Bringing value back to the community** We believe in the importance of value being brought back to the community and users. Value in the ecosystem will flow back to $ECLIP token stakers performing certain actions and within certain parameters. This helps ensures that past value generated from launches on Eclipse Pad goes back to the loyal community. ### **Future utilities in the Eclipse ecosystem** The plan is to build out an ecosystem of launch products, and the $ECLIP token will play a key role in all of this. We foresee more exciting utilities in the ecosystem to come which will bring more utilities and value for the token.
## Where can I buy the $ECLIP token? An in-depth guide for purchasing the $ECLIP token can be found here: [Broken mention](broken://pages/EOtGaQ527myssenSGquS). ## Can I stake the $ECLIP token? Yes, the $ECLIP token has staking available. You can find out more about staking in [Tiers, Whitelisting and Cosmic Essense](/eclipse-mechanics/tiers-whitelisting-and-cosmic-essense.md), and more on the technical pieces under [Staking](/tokenomics/staking.md).\ A staking guide can be found under [Broken mention](broken://pages/EOtGaQ527myssenSGquS).