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

# The Solisq Token (SLQ)

The Solisq Token (listed as $SLQ) is our platform's native cryptocurrency, used for transactions within the ecosystem. $SLQ is a Binance Chain token, meaning fees will be paid using BNB or BSC standards. 

Here’s why it stands out:

* Low Fees: Enjoy lower transaction costs than fiat or traditional payment methods.
* Speed: Fast and reliable payment methods without the delays caused by banks or payment processors.
* Utility Backing: SLQ is backed by the Solisq ecosystem, which extends beyond our freelancer marketplace/platform. As Solisq grows, so does the intrinsic value of the Solisq Token, driving demand and creating a sustainable market.
* Incentives: Freelancers can earn extra rewards and incentives when paid in Solisq Tokens.
* Security: Being a Binance Chain token further supports secure, fast, and transparent payments.