> For the complete documentation index, see [llms.txt](https://docs.paired.world/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paired.world/whitepaper/token-ecosystem/usdpaired.md).

# $PAIRED

$PAIRED is the ecosystem's reward and utility token. It is allocated when attending [Meet-ups](/whitepaper/participation/meet-ups.md) and are required for various actions within the PairedWorld ecosystem. 

These include [levelling up](/whitepaper/token-ecosystem/soul-token/levelling.md) your [SOUL](/whitepaper/token-ecosystem/soul-token.md) token and thereby receiving benefits.\
\
Holding $PAIRED also gives you the opportunity to participate in [council elections](/whitepaper/governance/governing-council.md) 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](/whitepaper/participation/connection.md). The token smart contract has a 3% hard-coded year-over-year inflation limit, which combines with the burn mechanics and [other ecosystem features](/whitepaper/token-ecosystem/usdpaired/rewards.md) to maintain a balanced supply.

## $PAIRED Allocation Model <a href="#https-docs.google.com-spreadsheets-d-1yv8s6fcc1rx7bhfkzjrjfvnuphgryfrhovcputklqd4-edit-usp-sharing" id="https-docs.google.com-spreadsheets-d-1yv8s6fcc1rx7bhfkzjrjfvnuphgryfrhovcputklqd4-edit-usp-sharing"></a>

<figure><img src="/files/Tkx5YVPEmuNt7Exr7lJP" alt=""><figcaption></figcaption></figure>