> For the complete documentation index, see [llms.txt](https://solpen-1.gitbook.io/solpen/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://solpen-1.gitbook.io/solpen/project-information/tokenomics/token-utility-and-staking-mechanism.md).

# Token Utility and Staking Mechanism

### Staking PEN Tokens:

Users can stake PEN tokens to earn rewards from various partner projects. The allocation of staking rewards is determined by the distribution of tokens from each project.

### Solpen Launchpad Access:

PEN token staking will be required for participation in future Solpen Launchpad events, where new DePIN and IoT projects can be launched.

### Voting for Token Listings:

PEN token holders will have the right to vote for projects to be listed on the Solpen DePIN platform and included in future airdrop events.

### Payment for Solpen Marketplace:

PEN tokens will be used as the primary currency on Solpen’s marketplace, where users can purchase DePIN devices at discounted rates.

### Increased Demand for PEN Tokens:

As users engage with Solpen devices, more tokens will be burned in the process, helping to reduce the circulating supply and potentially increasing the token’s value.