# # Token

The # token is a liquidity/platform token of the HashUp platform, which is based on the distribution of [ERC20 Cartridges](https://wiki.hashup.it/get-started/erc20-cartridge). 

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The name HashUp is a direct allusion to the underlying mechanism behind the token - once a game is purchased on the primary market, the price of $HASH (UP) increases thanks to a [10% buyback\&burn](https://wiki.hashup.it/get-started/token/demand-and-volume) mechanism every time a game is purchased.
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