# Utility

## 1. **Exchange KEY for DNA Transactions**

Exchange TOWN for KEY to use in the Alt.town service. There is no fee when exchanging TOWN for KEY, but a small gas fee is charged when exchanging KEY for TOWN.

(For example, if the market price of TOWN is $0.075, 1 TOWN can be exanged for 10 KEY.)

## 2. **Use Service Features and Participate in Events**

TOWN is used across various internal services offered by Alt.town, such as virtual celebrity development features and events. While typically exchanged for KEY within the platform, TOWN can also be used for service fees and asset purchases. Additionally, TOWN may grant access to airdrops or special event participation.

## 3. Staking

Staking TOWN grants veTOWN at a 1:1 ratio. Holding veTOWN allows users to receive staking rewards in TOWN. Detailed rules and reward structures for staking will be announced separately on the official website and announcements.

Staking is unavailable in the initial phase of the Alt.town service and may be introduced later depending on service stability and developments in the token economy. The minimum staking amount and eligibility requirements will be announced upon launch.

Staking deposits and withdrawals can be made at any time; however, withdrawals require a 7-day unlock period. In addition to flexible staking, fixed-term staking programs (e.g., 3, 6, or 12 months) will be introduced and offer additional rewards based on the duration of the commitment.

## 4. Participate in Governance

Holding a certain amount of veTOWN grants eligibility to participate in Alt.town governance. Governance participants can participate in key decision-making processes related to the platform. Eligibility requires holding a minimum amount of TOWN.\
For more details on Alt.town’s governance structure, please refer to Section 5: Governance.\ <br>


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