> For the complete documentation index, see [llms.txt](https://degenreborn.gitbook.io/litepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://degenreborn.gitbook.io/litepaper/assets/usddegen.md).
# $DEGEN
## 💎 Emission
**$DEGEN is minted by playing DegenReborn life rounds. 🎮**
Reward formula --
$$
Reward = (Base + Ranking) \* CPI
$$
{% hint style="info" %}
**What is CPI 🧐**
Determined by price of $DEGEN, as read from DEX in the deployed chain (e.g. Pancake).
For example, when $DEGEN price goes up by 50%, CPI will go down by 50%, vice versa.
{% endhint %}
| Your Percentile | Base Reward |
| --------------- | ----------- |
| < 1% | 18 |
| 1% \~ 10% | 8 |
| 10% \~ 30% | 3 |
| 30% \~ 50% | 2 |
| 50% \~ 100% | 1 |
| Your Ranking | Ranking Reward |
| ------------ | -------------- |
| 1 | 8888 |
| 2 \~ 10 | 888 |
| 11 \~ 100 | 88 |
## 🎯 Utility
The key utility for $DEGEN is to win Airdrop + Jackpot rewards, which grant both $DEGEN tokens and native tokens like NATIVE TOKEN. 🤑
$DEGEN will be used for future game modes of DegenReborn, too. 😎
## 🔥 Burn
Tributing $DEGEN tokens will cause it to be staked & burned from circulating supply. ♻️
It can still be moved across different incarnations anytime. 👻
Since the leaderboard is refreshed when a new season starts, new incarnations and new $DEGEN need to be created to compete in the new season. 🐣
## ♻️ Tokenomics