# Utilities The $SPACY token, adhering to the ERC20 standard, is central to Spacy's economic model. By staking $SPACY, users can mint new tokens, xSPACY, which grant rights to [revenue sharing](/spacy/spacy-token/utilities/revenue-sharing.md) and [governance](/spacy/spacy-token/utilities/governance.md) participation on the platform. The staking process is tied to a vesting period during which the tokens are locked. The length of this period directly affects the amount of xSPACY minted: a one-week vesting converts 100% of $SPACY into xSPACY, while a one-year vesting doubles the amount, allowing for the minting of 200% of $SPACY into xSPACY. The rights to revenue sharing and governance are calculated in proportion to the amount of xSPACY held by the user relative to the total supply. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://spacy.gitbook.io/spacy/spacy-token/utilities.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.