# Utility

The CHIPS token is a Binance Smart Chain token with utility in the CHIPS ecosystem. As an CHIPS holder, you join a community of like-minded individuals working together to build an ecosystem or products and services for CHIPS and Blockasino. Token holders benefit from the following:

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### Transaction Execution (Gas Fees)&#x20;

CHIPS is the native token for the CHIPS blockchain that is used as gas to power transactions on the network.&#x20;

### Governance&#x20;

Token holders help shape the platform's future by making key decisions, ensuring your vision aligns with its evolution.&#x20;

### Platform Fee Discounts&#x20;

Token holders gain reduced fees and unlock greater value across all CHIPS and Blockasino products.&#x20;

### Gameplay&#x20;

CHIPS can be used to play all games on Blockasino.com. This enhances CHIPS's utility by creating a unique demand driver while rewarding users with more value.&#x20;

### Player Loss Rewards

For the first time in history, iGaming operators can reward player losses with $CHIPS—turning losses into loyalty. This innovative mechanic helps operators attract and retain users, driving sustainable growth and revenue across the ecosystem.

### Revenue Rewards&#x20;

Token holders that stake CHIPS in the CHIPS staking contract, are eligible for revenue rewards from Blockasino and other applications in the CHIPS ecosystem.
