> For the complete documentation index, see [llms.txt](https://docs.velar.com/velar/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.velar.com/velar/token/introduction.md).

# Introduction

The $VELAR token serves as the native utility token of the Velar ecosystem, playing a crucial role in governance, staking, fee payment, and accessing various features and benefits within the protocol.