# CELT Token

## About CELT token

CELT is the native token of the Celestium ecosystem. CELT is a pure utility token that is used for all possible transactions within the ecosystem such as:

* Providing liquidity to independent game operators via bilateral smart-contract arrangements and receiving its payouts.
* Betting to any game and its payouts.
* Payout of affiliate bonuses.
* Payout of partner profits.

## CELT token technical fact sheet

| Fact                  | Detail                        | Note                                                                |
| --------------------- | ----------------------------- | ------------------------------------------------------------------- |
| Chain                 | EVM: Polygon POS              | No other chains yet                                                 |
| Token address         | `TODO_CELT_TOKEN_ADDRESS`     | Open-sourced                                                        |
| Total supply          | `TODO_CELT_TOTAL_SUPPLY` CELT | [CELT Initial Distribution](/tokenomy/celt-initial-distribution.md) |
| Number of decimals    | 18                            | —                                                                   |
| PAUSE function        | no                            | Contract can not be paused                                          |
| FREEZE function       | no                            | No transaction can be frozen                                        |
| MINT function         | no                            | Supply can not be increased                                         |
| Burn or tax mechanism | no                            | There is no burn or tax                                             |
| Access control        | none                          | Issuer has no special rights                                        |

## CELT token's utility and value

* CELT token is not backed by any asset such as share, commodities, FIAT money or centrally managed value.
* CELT token does not represent equity, a debt obligation, or any right to a share in the Company's profits.
* CELT token does not guarantee or generate any returns.
* CELT token does not have any initial, minimal or maximal value.
* CELT token price is result of demand and supply on free market.
* CELT token is the mandatory access point that gives you entry into protocol liquidity and technological infrastructure.
* CELT token demand is based on the demand for the Celestium technology.


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