# $RAC Utilities ### What is $RAC? $RAC is a CW20 token living on the $JUNO network: ### What are the utilities of the $RAC token? * The **first utility** of $RAC was to provide to the top 125 holders (and 125 randomly chosen JUNO-RAC LP providers) with a free NFT from our $SCRT series. * The **second utility** of $RAC will be through participation in a DAO. The DAO will be made available in order for $RAC holders to stake their tokens and vote on governance items. A few examples of the types of proposals that may appear in the DAO include, but are not limited to, the following: * Incentives for holders and stakers; * Decision-making for future NFT series’ (price, quantity, platform, etc.); * Usage of the 150,000 tokens reserved for contests and giveaways; and * Generic categories and/or specific games to be included on the Gambling Metaverse platform. * As noted above, Racøøn will develop a Metaverse/Gambling platform. The **third utility** of the $RAC token will be related to this platform. Staking $RAC on the platform will provide eligibility to receive a portion of the profits generated by the platform. * The **fourth** utility involves the release of the $JUNO NFT series. With this series, it will be possible to use your $RAC to modify (morph) your NFTs. We are also considering the possibility of using $RAC to mint an NFT. * The **fifth** utility involves the release of all future NFT series’. $RAC holders (and LP providers) will always be granted a portion of the NFT series free of charge. For example, the Racøøn team provided **19%** of the $sSCRT series to $RAC holders. * Additional utilities will be considered in the future. --- # 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://racoon-supply.gitbook.io/docs/important/usdrac-utilities.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.