> For the complete documentation index, see [llms.txt](https://cryptaxxnft.gitbook.io/shredaverse-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cryptaxxnft.gitbook.io/shredaverse-docs/mechanics/usdhred-token.md).

# $HRED Token

The $HRED (Shred) token (ERC-20) is the primary utility token of the Shredaverse ecosystem.

### **How to earn $HRED:**

**#1 - Collect or Trade Instruments**\
Each instrument collected (staked) or traded in the Shredaverse automatically generates in-game rewards in the form of $HRED (Shred) tokens. Multipliers may be added to boost $HRED earnings (See roadmap 1.X)

**#2 - Participate in** [**The Underground**](/shredaverse-docs/underground/community-ethos.md)\
Community participation generates $HRED token rewards through weekly voting and fund release contract methods. This is intended to reward contributors for their efforts in growing The Underground community.

![Artist Visualization of the $HRED Token](https://3964489373-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FzedH5omoBj41V5GAry8U%2Fuploads%2FE7DiBINYeYaZY5FuMHQ2%2Fcoin_mockup_%231.png.jpg?alt=media\&token=1ce230a6-883f-4f8a-9606-f7fc2975cade)

### **How to spend $HRED:**

**$HRED tokens are to be utilized within the game economy for things such as, but not limited to:**\
 \
• minting / mining exclusive NFT item drops\
• modifying current NFT instruments\
• accessing merch drops\
• gaining dApp access (very important later)\
• generating more $HRED through powerups\
• minting metaverse wearables\
• and more.

*The CryptAxx team will NOT be creating or managing a liquidity pool for the $HRED token as the token is intended for in-game Shredaverse use only.*