# $HOOT🦉 $HOOT is the governance and utility token for the Illuminati Owls ecosystem we call the Owlverse. All use cases of $HOOT will double as burn mechanisms (besides governance). Thus, creating deflationary pressure and healthy supply and demand tokenomics. ## Utility and burn mechanisms * Governance⚖️ - vote on important decisions regarding the Owlverse🌌; the more $HOOT🦉 you have, the more voting power you will gain * Level UPs🆙 - Level Up your owl using $HOOT🦉 to send it to Summer Camp. All $HOOT used for Summer Camp/Level Ups will be burned * New project mint allocation - 5% of all new projects’ (Our upcoming Gen1 HD Owls, sister projects, metaverse spaces such as Owl Nests, etc.) supply will be allocated for $HOOT🦉 only minting * Floor Sweeps/Airdrops🧹 - We floor sweep blue chip Avax🔺 NFTs and airdrop them to $HOOT🦉 holders. A minimum amount of $HOOT will be required to be in your wallet to qualify * Exclusive $HOOT🦉 only NFTs - We will be creating several NFTs that will have added utility throughout the Owlverse🌌. You will only be able to mint these NFTs using $HOOT🦉 * 1 of 1 Art Auctions🖼️ - We love art and we want to promote 1 of 1 art on the Avalanche blockchain. Thus, we will be collaborating with very talented up and coming, as well as already established, names in the 1 of 1 art space to bring exclusive 1 of 1 art auctions to Avalanche. $HOOT will be the only way for collectors to participate in these auctions * Raffles, Contests, Poker, and more💰 - Win Avax🔺 in our “Mint Out” raffles in which you can only buy tickets with $HOOT🦉. Participate in contests and win NFTs and other real world prizes using $HOOT to enter. Also participate in our poker♠️ tournaments using $HOOT🦉 as a buyin * Merchandise👚 - We plan to create limited edition Illuminati Owl merchandise that will be available to purchase with Avax🔺 or $HOOT tokens --- # 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://illuminati-owls.gitbook.io/illuminati-owls/usdhoot.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.