> For the complete documentation index, see [llms.txt](https://carol-8.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://carol-8.gitbook.io/documentation/description-of-the-carol-token/purpose-and-functionality-of-the-carol-token.md).

# Purpose and Functionality of the CAROL Token

## **Purpose**

The CAROL token has been designed with the aim of establishing a decentralized and innovative economic system within the Carol protocol. It serves as a central element within the network, providing unique opportunities for participation in bonding and liquidity provision.