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

# LACE Token Functionality

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$LACE Token is the primary form of value transfer and spend on the Lovelace platform.  It is also used as a governance token to enable token holders and the broader Lovelace community as a whole to participate in specific decision making within the protocol and platform.

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