# XBetNow Token Economy The XBetNow Token (XBET) will play a crucial role in the platform's ecosystem. Its utility will encompass: Betting Transactions: Users will need XBET to place bets on the platform. The tokens will be locked within smart contracts until the event's outcome is determined, ensuring fair payouts for the winners. Utility Game Participation: Participating in utility games and quizzes will require XBET tokens. These games will reward winners with additional XBET or other prizes, encouraging user participation. Bot Betting Access: Users who wish to engage in bot betting will need to purchase or lease bot licenses using XBET tokens. These licenses will grant access to certain bot functionalities. Governance: XBET holders will have governance rights proportional to their token holdings. They can participate in decision-making processes such as platform upgrades, fee structures, and listing new events for betting. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://xbetnow.gitbook.io/xbetnow-whitepaper/xbetnow-token-economy.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.