# Token Economy

The ODYA ecosystem forms ODYA coins issued based on the ERC-20 token standard of the Ethereum network, ODYA points paid in Rewards, and NFT-mediated token economies issued within the platform. ODYA points and ODYA coins are used within the ODYA platform as means of value exchange and rewards.

<figure><img src="https://4293703700-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYxLAZyT0zcrxxjPncjku%2Fuploads%2FgwaNJeorzZJwB83avIxb%2Fimg06.png?alt=media&#x26;token=e7cd5217-ac25-4c85-af0b-4404c88bc6ed" alt=""><figcaption><p>Token Economy of ODYA WORLD Ecosystem</p></figcaption></figure>

### ODYA Coin(ODYA)

ODYA coins, which are the basic payment means of the platform, are issued based on the ERC-20 token standard of the Ethereum network. ODYA coin is the platform's key currency that can be used as a payment when purchasing a specific product or service within the platform. Also, it can be exchanged and withdrawn into cash through a listed exchange or exchanged into other virtual assets through the Ethereum network wallet service to use as an investment asset. &#x20;

ODYA coin serves as a medium for connecting contents to assets, users to content, and users to users of the ODYA platform ecosystem. It enables the platform to form and maintain a virtuous cycle structure as a means of maintaining and sustaining the platform ecosystem. ODYA coins are an integral part of the ODYA platform for the expansion of the business areas and service scales into the global market. \\

### ODYA point

ODYA Point is a reward payment method for the ODYA platform ecosystem. Users will receive ODYA points as reward for activities on the platform, such as consumption activities and evaluation of products and services, when using various contents serviced by ODYA WORLD.

ODYA points obtained as reward can be used as a payment method when purchasing general decorative items that are not issued in NFT. In addition, ODYA point can be exchanged into ODYA coins and used as a payment method when purchasing products and services such as special items, NFT tickets and goods, and sound sources issued in NFT.

According to the reward policy, the exchanged ODYA points will be accumulated (cashback) to ODYA points so that points can be circulated within the platform.

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