# SouloCoin ($SOULO)

$SOULO is the primary currency that powers the Souloverse.&#x20;

We’ve seen the early P2Es fail because, as mentioned earlier, they were focused solely on the earnings part. Once people realized that early investors were cashing out, they felt required to do the same. A shift to fun-first outweighs the incentive to cash out with re-investing the token into the game. So, two things are required to sustain the value of $SOULO: limited reliance (not the only way to earn from playing) and utility. Some SouloCoin utility includes:

1. Purchase of treasure chests (randomized rewards) and in-game items. Note that this will be closely monitored and limited to refrain from whales “paying to win.”
2. Mint/purchase limited customization features.
3. Recurring re-investment is necessary to progress your idle quests.
4. Higher XP earned and lower transaction fees when trading in $SOULO on the [SouloHub](https://soulofox-nft.gitbook.io/soulofox-community-paper/sustainability/soulohub).
