# Token Details

The VIRGIL token plays a crucial role in the Virgil Vault's ecosystem. As a utility token built on the Binance Smart Chain, it has a total supply of 100 million tokens. This cryptocurrency serves as the fundamental currency for engaging with all of Virgil Vault's services, providing users with numerous benefits and use cases.

The key advantages and utilities offered by the VIRGIL token:

* **Staking & Discounted Fees:** Users have the opportunity to stake VIRGIL tokens, which grants them access to discounted fees. The discount rate increases as users ascend to higher tiers, magnifying the benefits of staking. This incentivizes community members to hold and actively participate in the VIRGIL ecosystem.
* **Exclusive Services:** Staking VIRGIL tokens unlocks services and features that are exclusively available to token holders. This creates a unique value proposition, offering them enhanced functionalities and privileges that enhance their experience.
* **Loyalty Rewards:** To drive engagement and reward loyal participants, Virgil Vault may bestow additional loyalty and referral rewards in the form of VIRGIL tokens. This practice cultivates a sense of appreciation and fosters continued involvement within the VIRGIL community.
* **Voting Rights:** In the future, staked VIRGIL tokens may confer voting rights for important governance decisions concerning the development and overall features. Token holders will have a say in shaping the platform's roadmap, ensuring their voices are heard and empowering them to contribute to the project's growth.
* **Deflationary mechanism:** Clients can choose to pay their yearly fees with VIRGIL tokens, receiving a 10% discount, and we will burn 5% of the revenue quarterly. This deflationary mechanism benefits token holders and contributes to the overall scarcity and value.

By aligning incentives between VIRGIL token holders and Virgil Vault as a business, our primary aim is to cultivate a flourishing ecosystem. Through this collaborative effort, all participants work synergistically, propelling the mass adoption and fostering a diverse range of robust solutions.
