> For the complete documentation index, see [llms.txt](https://docs.chainspin.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.chainspin.com/spin-token/token-utility.md).

# Token Utility

Bet with it. Stake it. Earn it back. Watch it burn. Unlock more. Have a say.

$SPIN is the working part of Chainspin, not a loyalty sticker. Everything it does connects into one cycle we call [the SPIN Cycle](/rewards/the-spin-cycle.md):

* **BUY.** Get $SPIN in the presale, on Uniswap, or on exchanges after listing.
* **STAKE.** Staking sets your VIP tier and earns you a share of the weekly buyback. Locked presale tokens stake automatically, so they work from day one.
* **PLAY.** Wager across the casino and sportsbook. Betting with $SPIN itself pays better on everything, it is the only currency on the platform that does.
* **EARN.** Rakeback on every bet, win or lose. Cashback on losing weeks. Odds boosts and freebets. All paid in $SPIN and/or stablecoins, so what you earn feeds straight back into your stake.
* **BURN & RECYCLE.** Every week, a share of the house's revenue buys $SPIN on the open market. Most of it is destroyed. The rest goes to stakers.

More players means more revenue. More revenue means bigger weekly buybacks. Bigger buybacks means more burned and more paid out, which makes holding and playing worth more, which brings more players. The wheel turns faster as the house grows.

{% hint style="info" %}
**A Tuesday with $SPIN.** Sam stakes his tokens in the morning, which sets his tier across the whole platform. In the afternoon he takes the football at better odds because his stake is in $SPIN. Every slot spin that evening pays him rakeback whether it wins or not. On Sunday his share of the weekly buyback lands, already staked. Nothing Sam earned was printed. All of it came off the open market or out of the house's own edge.
{% endhint %}

$SPIN also opens doors that money alone does not: higher limits, staker-only tournaments, community jackpots, and a vote on where the platform goes next.

The exact tiers, rates and reward maths can be viewed in the [Rewards](/rewards.md) section, where the ladder from Shrimp to Whale is laid out line by line.


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