# 3. Experience Utility Token ($EXP)

$EXP token will in future, be key to realize the potential of our ecosystem and play-and-earn and learn-and-earn model.

As you know, we initially did not mint out and because people love tokens, $EXP or Experience was our experiment in gamifying our remaining genesis collections. This decision, at that time, was necessary and proven to be fruitful as we needed community engagement as well as time to develop Playground and Classroom. What did we do? We let our community accumulate non-ERC20 EXP tokens by doing homework and each time anyone could accumulate enough $EXP, they could mint a Scholarz at no additional $ETH cost other than gas. Pretty neat, huh?

We understand, however, that minting genesis Scholarz was just a temporary fix. Hence we will share our old and new tokenomics.
