# 3.1 Token Overview

The EchoAI token, developed on the Ethereum ERC20 network, is the foundation of our ecosystem. This token provides access to our platform, triggers a deflationary mechanism, and has the potential to increase in value over time. \
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It is the reward for our gamified activities and referral contests, and allows holders to stake for passive income. Additionally, our token enables partner airdrops, providing extra benefits to holders. The EchoAI token is not just a currency, but a gateway to the diverse opportunities within our thriving ecosystem.
