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

# Redemption Token (RDTN)

What is Redemption Token?

Redemption token is a Layer-2, BEP-20 Type, “Utility Token”. Harnessing its usability from the BNB Smartchain, the Redemption token is an essential token used on the Redemption platform by any user to participate in a decentralized <mark style="color:green;">**Lottery**</mark>, <mark style="color:green;">**Staking**</mark>, and <mark style="color:green;">**Redemption DAO**</mark> bonds named Redemption Bonds.

Following are the Salient Features of Token.

1. It's a utility & Governance Token
2. Built on BNB Smart Chain
3. Provides proportionate governance & ownership rights
4. Available on DEX for Trading
5. Utilized for Participating in Lottery and Staking.&#x20;
6. Profits from bonds are also dispensed in RDTN form.
7. Low taxes and deflationary token.

<figure><img src="https://4082436486-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FZnFeTCnvUTK7oaOfXNyH%2Fuploads%2FHUwlNhlvDiDvwHxEOHTz%2FLogo.png?alt=media&amp;token=2f371b90-bc1c-4206-9078-f05266ea6eae" alt="Redemption Token | RDTN"><figcaption><p>Redemption Token</p></figcaption></figure>