# What is IP3?

![](https://2104959556-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSp1xg56TytDXg56G8Ejb%2Fuploads%2FuNkUeirW45nwQ2dE7ZQU%2FIP3_horizontal_gradation_white.png?alt=media\&token=4693ff86-c147-4017-bc66-bf1e60049d8f)

$IP3 is an ERC-20 token on the Ethereum blockchain and is the primary utility token in the CRIPCO ecosystem. 

$IP3 token holders can participate in various activities, such as buying and selling NFTs, participating in CRIPCO DAO governance, and participating in sweepstakes.

Additionally, the $IP3 token can be used as a store of value and medium of transaction.