> For the complete documentation index, see [llms.txt](https://allskills.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://allskills.gitbook.io/whitepaper/tokenomics/vote-token-stablecoin.md).

# VOTE Token Stablecoin

**What is a stablecoin?**

* Stablecoins are cryptocurrencies that attempt to maintain a stable market value.
* Stablecoins may be pegged to a currency like the Canadian dollar or to the price of a commodity such as gold and pursue price stability by maintaining reserve assets as collateral (Canadian dollar in our case).
* Stablecoins are more useful than more volatile cryptocurrencies as a medium of exchange.

**Why use a stablecoin and not fiat or regular cryptocurrency?**

* Guaranteed stable value. 
* Easy to cash out.
* Easy to use with little to no fees.
* Fees from traditional payment services like PayPal, Visa, etc, are cost-prohibitive when it comes to micro-transactions.

**VOTE tokens can be earned by:**

* Winning 1v1 challenges
* Winning GM Mode challenges
* Watching sponsored content

**VOTE tokens can be used for:**

* Voting on 1v1 challenges to earn SKILL
* Voting on GM Mode challenges to earn SKILL
* Trading in for equivalent CAD at any time.