# $PAIRED
$PAIRED is the ecosystem's reward and utility token. It is allocated when attending [Meet-ups](https://docs.paired.world/whitepaper/participation/meet-ups) and are required for various actions within the PairedWorld ecosystem.
These include [levelling up](https://docs.paired.world/whitepaper/token-ecosystem/soul-token/levelling) your [SOUL](https://docs.paired.world/whitepaper/token-ecosystem/soul-token) token and thereby receiving benefits.\
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Holding $PAIRED also gives you the opportunity to participate in [council elections](https://docs.paired.world/whitepaper/governance/governing-council) and propose initiatives for Treasury funds.
The more $PAIRED a user holds (capped by the level of the SOUL), the higher also the reward when participating in Meet-ups.
The $PAIRED token manifests your active engagement and the value you add to the PairedWorld ecosystem. By holding $PAIRED, you assert your commitment to the community and your active role in its growth and development.
$PAIRED is an ERC-20 token with an initial supply of 1,000,000,000. More $PAIRED is released into circulation as people take part in the PairedWorld ecosystem, attending Meet-ups and forming [connections](https://docs.paired.world/whitepaper/participation/connection). The token smart contract has a 3% hard-coded year-over-year inflation limit, which combines with the burn mechanics and [other ecosystem features](https://docs.paired.world/whitepaper/token-ecosystem/usdpaired/rewards) to maintain a balanced supply.
## $PAIRED Allocation Model
