# Token Specifications & Utility

## Token Specifications

<table data-header-hidden><thead><tr><th width="392.12983425414365"></th><th></th></tr></thead><tbody><tr><td><strong>Token Name</strong></td><td>GemUni</td></tr><tr><td><strong>Ticker</strong></td><td>GENI</td></tr><tr><td><strong>Token Type</strong></td><td>Utility</td></tr><tr><td><strong>Token Standard</strong></td><td>BEP-20</td></tr><tr><td><strong>Seed Sales Price</strong></td><td>$0.1</td></tr><tr><td><strong>Private Sales Price</strong></td><td>$0.15</td></tr><tr><td><strong>IDO Price</strong></td><td>$0.2</td></tr><tr><td><strong>Total Token Supply</strong></td><td>100,000,000</td></tr><tr><td><strong>Initial Market Cap</strong></td><td>$705,556</td></tr><tr><td><strong>Fully Diluted Market Cap at IDO</strong></td><td>$20,000,000</td></tr></tbody></table>

## GENI Utility

### Payment&#x20;

* Token holders pay GENI for (1) GENI Passes to access gaming networks and play games to earn and (2) NFT items to trade on [GemUni’s NFT Marketplace](https://marketplace.gemuni.io/marketplace).

### Reward&#x20;

* Token holders will be rewarded GENI when referring to new GENI Pass players.
* Token holders can convert GENIX (from play-to-earn rewards) to GENI.

### **Farming & Staking**&#x20;

* Token holders can stake GENI and/or GENI Pass NFTs for a fixed amount of time to earn interest.&#x20;

[Farming](https://gaming.gemuni.io/staking-farming/farming) | [Staking](https://gaming.gemuni.io/staking-farming/staking) | [User Guide](../../user-guide/staking-and-farming)

### Voting/Governance&#x20;

* Token holders can vote on some proposed platform operations and new features development.&#x20;
* Token holders can use GENI to support community developers, gaming studios, and artist centers for building new games and NFTs on the platform.

