> For the complete documentation index, see [llms.txt](https://trywink.gitbook.io/wink/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://trywink.gitbook.io/wink/crypto/like-token-utility.md). # LIKE Token Utility The currency of Web3 social For over a decade, creators have seen Likes:thumbsup: as their social media currency. Now, LIKE is the platform utility token on Solana, shaping the creator economy's future. ## Utility ### Buyback & burn 🔥 The platform's goal is to help creators monetize their content while rewarding users with tokens of sustainable value. It achieves this through a buyback and burn mechanism fueled by platform revenue. In 2022, Wink generated over $4 million in sales through its NFT launchpad, while Patreon and OnlyFans collectively earned over $3 billion. With upcoming Web3 features, Wink aims to give creators a competitive edge. Periodically, a portion of platform profits will be used to buy back LIKE tokens. Part of the repurchased LIKE will be burned, while the remainder will be reintegrated into the ecosystem to incentive community engagement, fund strategic initiatives and promote adoption. ### Community reward Users are rewarded on the platform through creator staking pools and event-based airdrops to drive engagement and adoption. Initially, the reward token comes from the community token pool (More details on: [Token Allocation](/wink/crypto/like-tokenomics/token-allocation.md)). As the platform grows and generates quarterly profit, rewards will be funded through quarterly buyback. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://trywink.gitbook.io/wink/crypto/like-token-utility.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.