> For the complete documentation index, see [llms.txt](https://openart-finance.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://openart-finance.gitbook.io/whitepaper/tokens/open-token.md).

# OPEN Token

OPEN Token is an exclusive currency that makes players become investors.

### Utilities <a href="#utilities" id="utilities"></a>

$OPEN is used in the following activities:

1. &#x20;**Payment:** buy/sell NFTs on marketplace
2. **Governance**: participate in key governance votes
3. **Staking**: claim rewards by staking $OPEN tokens

### Allocation <a href="#allocation" id="allocation"></a>

OPEN will be unlocked in a pre-determined schedule which lasts for 60 months from the public sale. The initial circulating supply is set to 57,200,000 OPEN - **11.79%** of the total supply.

![](https://3546517847-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FOEsSP7w2tWzEwFxlTrjJ%2Fuploads%2FsLPbjGYgjOlZSdXyRVYC%2Fdownload.png?alt=media\&token=bb6213d2-3b81-4d30-b3a1-bdb3349b3336)

<table data-header-hidden><thead><tr><th width="192.7142857142857">Token amount</th><th width="150">Total Supply</th><th width="150">%</th><th>​Title</th></tr></thead><tbody><tr><td>Token amount</td><td>Total Supply</td><td>%</td><td>​</td></tr><tr><td>Play to Earn</td><td>108,000,000</td><td>20.69%</td><td>Locked: issuance starts in Q3-Q4 2022</td></tr><tr><td>Staking Rewards</td><td>150,075,000</td><td>28.75%</td><td>Locked: Issuance starts in Q3-Q4 2022</td></tr><tr><td>Ecosystem Fund</td><td>43,200,000</td><td>8.28%</td><td>Locked: Issuance starts in Q3 2022</td></tr><tr><td>Team</td><td>101,925,000</td><td>19.53%</td><td>Locked: Issuance starts in Q1 2023</td></tr><tr><td>Advisors</td><td>37,800,000</td><td>7.24%</td><td>Locked: Issuance starts in Q1 2023</td></tr><tr><td>Public Sale</td><td>59,400,000</td><td>11.38%</td><td>Unlocked</td></tr><tr><td>Private Sale</td><td>21,600,000</td><td>4.14%</td><td>​Some unlocked, some locked</td></tr><tr><td><strong>Total amount</strong></td><td><strong>522,000,000</strong></td><td><strong>100%</strong></td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr></tbody></table>

​