# 8.0 Inery Token Utility

Inery Token <mark style="color:blue;">**“INR”**</mark> is the native utility token of Inery Blockchain which will play the role of governance and provide utilities. INR is necessary to secure and power the decentralized data network. \
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The <mark style="color:blue;">**INR**</mark> token serves the following distinct purposes:

* <mark style="color:blue;">**Governance**</mark> <mark style="color:blue;"></mark><mark style="color:blue;">:</mark> A right to vote and/or introduce governance proposals pertaining to upgrades in the Inery ecosystem.&#x20;
* <mark style="color:blue;">**Validators**</mark> <mark style="color:blue;"></mark><mark style="color:blue;">:</mark> Secure the Inery blockchain by staking $INR, validating proofs, relaying transactions, verifying, and finalizing blocks.&#x20;
* <mark style="color:blue;">**Access :**</mark> $INR tokens are used to incentivize actions and engage with products or services within Inery.
* <mark style="color:blue;">**Staking :**</mark> Users can stake $INR tokens in staking pools to earn transaction fees and staking rewards.
* <mark style="color:blue;">**Grants**</mark> <mark style="color:blue;"></mark><mark style="color:blue;">:</mark> Inery’s Grants program offers recurring grants disbursed in the native crypto token $INR.
* <mark style="color:blue;">**Storage**</mark> : $INR is the unit of exchange to access decentralized storage of IneryDB.


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