# $LIFE Token

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1 **$LIFE** = 1 **$LIFE**
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The **$LIFE** token is the main form of currency within Metalife and is classified as an **ERC-20-based** [utility token](https://en.bitcoinwiki.org/wiki/Utility_token). It's generated passively through staking. Players can also trade, collect and grow these assets through the primary mechanism. This means you can get a passive income without putting too much work into investing!

As a [utility token](https://metalife-1.gitbook.io/metalife/tokenomics/usdlife-token), users will use **$LIFE** to strategically collect, trade, and grow their in-game assets using various mechanics as the game matures. As far as [Metalife](https://app.gitbook.com/o/36Z0KZdhCIRcvJ0rLxRC/s/t27bQ9PQxz6CyUisG28y/ "mention") and its team are concerned, the only purpose **$LIFE** serves is in-game utility.

### Preallocations

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PREALLOCATIONS: NONE
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**$LIFE** is a [utility token](https://en.bitcoinwiki.org/wiki/Utility_token) that can be used in-game to purchase items with real-life currency. No preallocated shares of **$LIFE** are held by the [Metalife](https://app.gitbook.com/o/36Z0KZdhCIRcvJ0rLxRC/s/t27bQ9PQxz6CyUisG28y/ "mention") team or any treasury, so all tokens owned by members come from staking districts as other players do. There's no possibility of dumping, and everyone has an equal chance at getting these amazing promotions!

### Source of Emissions

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SOURCE: **Metalife** VAULT
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**$LIFE** is an exclusive token that can only be obtained through the Metalife Vault and through the Metaverse. There are no other mechanisms for generating this cryptocurrency, and all funds within its ecosystem come from being emitted by only a few sources.

### Current Utility

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UTILITY: <mark style="color:orange;">MetaLife will reveal other collections into the ecosystem at a later time.</mark> MINT
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### Supply

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**$LIFE** SUPPLY: UNLIMITED
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There's no absolute limit to the number of **$LIFE** tokens generated. Some tokens will be generated through the [**metaverse**](https://metalife-1.gitbook.io/metalife/metaverse/summary) gameplay, while others will be generated through staking. The overall supply will be restricted by the use of **$LIFE** tokens. Some events will burn tokens, while others will keep tokens in the game.