# LIKE Token Utility 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: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://trywink.gitbook.io/wink/crypto/like-token-utility.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.