# Token Utility

MINGO tokens play a pivotal role in facilitating various transactions within the MINGO ecosystem. They are used across MINGO Market for purchasing NFTs, MINGO Tickets for buying event tickets, and within MINGO Play for handling in-game purchases. This widespread use across platforms ensures that MINGO tokens are integral to the ecosystem’s operations, enhancing user experience and platform interconnectivity.

### **Transactions**

MINGO tokens are essential for conducting transactions throughout the ecosystem:

* **Purchasing NFTs** on MINGO Market.
* **Buying tickets** via MINGO Tickets.
* **Handling in-game purchases** within MINGO Play.&#x20;

These transactional uses keep MINGO tokens in circulation.

### **Staking Utilities**

While staking is an important utility of MINGO token, it complements the broader utilities by providing additional benefits:

* **Access to Launches and Drops**: Staking tokens allow users to access new project launches and exclusive NFT drops on MINGO Launch, enhancing their investment and collection opportunities.
* **Guaranteed Ticket Allocations**: Users who stake tokens can secure spots for high-demand events available through MINGO Tickets.

### **Staking Options**

MINGO offers tailored staking options to suit different preferences and outlooks:

* **Flexible Staking**: Provides a 5% APY, allowing for liquidity with a 24-hour withdrawal notice.
* **Vault Staking**: Offers a higher yield of 35% APY with a six-month lock-up period, catering to users seeking greater returns for their commitment.
