> For the complete documentation index, see [llms.txt](https://maxion-1.gitbook.io/ragnarok-landverse-america/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://maxion-1.gitbook.io/ragnarok-landverse-america/token-economy/what-is-a-token-economy.md).

# What is a Token Economy?

The token economy (tokenomics) defines the relationships between systems, currencies, and digital assets in Ragnarok Landverse. It consists of two layers: the game layer and the blockchain layer.

**Game Layer** This layer covers in-game systems that support character progression and gameplay activities.

* **Stamina**: Required for ore mining and monster loot boxes.
* **Moonstone**: A premium currency used for purchasing in-game rewards, and accelerating progression.
* **Crafting**:  equipment, zeny, and materials, impacting refinement, enchanting, and gear upgrades.
* **Item Progression**: Equipment grades are measured by gear score and can be minted as NFTs. Minting requires a VIP account and 100 Moonstone.
* **Character Progression**: Higher levels allow equipping better gear and accessing stronger abilities.

**Blockchain Layer** This layer governs how digital assets interact via smart contracts.

* **ION**: The payment token for Maxion’s platform, exchangeable with USDC at a 1:1 ratio.
* **RON**: Used for blockchain gas fees.
* **USDC**: A stablecoin pegged to the US dollar.
* **Equipment NFTs**: Select in-game equipment can be minted and traded on the NFT marketplace.