# Utility of $ELO

$ELO is the main currency which power all the transactions on the Elova app. Before we get to exact utility of $ELO, let's define actors in the ecosystem and their respective actions. 

**Actors**: Fans - Partners - Platform 

#### **Actions:** 

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<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f604">😄</span> <strong>Fans</strong> </summary>

* Can buy $ELO from platform directly
* Can buy $ELO on the exchange via a trading pair (once the liquidity pool is setup)
* Can buy $ELO from partners
* Can avail products  with $ELO
* Can earn $ELO as cash back

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<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f44d">👍</span> Partners (Production Houses &#x26; Artists)</summary>

* Can earn $ELO in exchange for products and services
* Can sell $ELO to fans
* Can gift $ELO to potential fans or as rewards
* Can use $ELO to list products and offerings on the platform
* Can use $ELO to promote products on the platform at a discount

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<details>

<summary><span data-gb-custom-inline data-tag="emoji" data-code="1f44f">👏</span> Platform</summary>

* Can earn $ELO for onboarding partners and listing their products
* Can sell $ELO to fans & partners
* Manages cash back rules
* Can earn commissions by promoting products
* Can declare cash back to potential customers

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While the above ones are the broad actions which could undertaken by each of the actors in the ecosystem, let's now discuss the **specific applications of $ELO.** This list is by no means an exhaustive one, but merely an indicative list.&#x20;

* **Passport NFTs:** Fans will purchase these passport NFTs through the $ELO tokens. Users will have to own $ELO tokens along with the partner specific NFTs to avail following offerings
  * Voting rights - both binding & non-binding polls
  * Offline events: Owners of the passport NFTs could purchase VIP passes using the $ELO tokens
    * Different types of promotional events across geographies
    * Premier shows
  * Online events: Owners of the passport NFTs could book spots for the AMA like sessions using the $ELO tokens
* **Collectible NFTs**: Purchase of the collectible NFTs happens via $ELO tokens. Here are the different types of collectible NFTs
  * Behind the scenes collection
  * Art work - Posters, memorabilia
  * Digital Avatars
  * Audio scores
* Games on the app: Entry fee and the rewards from these games in the form of $ELO
* Ad revenue - where partners pay in Token
* Physical Merchandise on the platform
* Digital merchandise on the platform