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

# Skynet Token

The Skynet token ($SKY) is crucial to the ecosystem's operation and serves as the primary currency for transactions within the protocol. It also plays a significant role in supporting Subnet and global DAO operations.

There exist various use cases for the token within the protocol, including but not limited to:

* Mint $SKYUSD, a stablecoin used for payments by any resource provider integrating through a subnet.
* Payment for resources.
* Tokens are used for staking to increase the reputation associated with resource providers integrating into the protocol.
* Participation in Governance.
* Incentives for bringing onboard resources.
* Qualification for Airdrops of new projects built on top of Skynet. 

{% hint style="danger" %}
Please be aware that not all projects will use $SKY for their Airdrop qualification criteria.
{% endhint %}

The Skynet token is the lifeblood driving the protocol and its ecosystem forward.