> For the complete documentation index, see [llms.txt](https://aarmaproject.gitbook.io/aarmachain-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://aarmaproject.gitbook.io/aarmachain-documentation/aarma-coin.md).

# AARMA Coin

Aarma (AARMA) is the native currency of Aarmachain that backs a number of utilities including transaction fees, staking and other ecosystem activities. 

The AARMA coin serves as a gateway to a variety of products available in the Aarmachain ecosystem. It fuels the onchain activities and empowers token holders to secure the tokenized economy built around its applications.  

#### Below are the utilities of AARMA token:

* **Transaction Fee:** The cost of sending transactions on AarmaChain is covered using AARMA. Users are able to transfer assets on Aarmachain even using a fraction of AARMA. 
* **Staking**: AarmaChain functions on Delegated Proof of Stake consensus mechanism where AARMA is staked to becoming a Node operator. Other holders can even delegate their AARMA to a particular validator and earn rewards. 
* **Governance**: All the AARMA holders are allowed to cast their votes on Aarma Governance Proposals. These proposals unlock newer developments and growth opportunities for AarmaChain. 
* **Payment Gateway:** AARMA can be used as a payment token across a number of applications into the AarmaChain ecosystem.