# xSCRIBE Token **Name: Scribe Escrowed Token** **Ticker: xSCRIBE** **Chain: SCROLL** **Contract:** **Overview of xSCRIBE** xSCRIBE is a non-transferable escrowed governance token, directly corresponding to staked SCRIBE. This unique token plays a vital role in the Scribe ecosystem, offering a range of functionalities and benefits for its holders. It can be earned from yield-generating staking positions (spNFTs) or through direct SCRIBE conversion. By holding and staking xSCRIBE, users gain access to various rewards, including governance participation, yield enhancements, and dividends. **Earning xSCRIBE** There are two primary methods to earn xSCRIBE: yield-generating staking positions and direct SCRIBE conversion. Yield-generating staking positions (spNFTs) allow users to stake their assets and earn rewards, with a portion of these rewards distributed as xSCRIBE. This method encourages active participation in liquidity provision and yield farming. Additionally, users can convert their SCRIBE directly into xSCRIBE, incentivizing long-term commitment to the platform. **Central Use Case of xSCRIBE** The primary use case for xSCRIBE is its allocation to various Plugins. Users stake xSCRIBE into the token contract and assign the deposited amount to specific plugins, receiving various benefits in return. This flexible system allows users to enhance their governance influence, boost their yield farming rewards, or earn dividends from the platform’s revenue streams. **Benefits of xSCRIBE Allocation** Allocating xSCRIBE to governance-related plugins empowers users to have a significant influence on platform decisions, including voting on proposals and protocol upgrades. Yield-boosting plugins enhance yield farming rewards for staked assets, optimizing returns for liquidity providers. Additionally, dividend-generating plugins allow users to earn a share of the platform’s revenue, providing a steady income stream for long-term holders and stakers. **Managing xSCRIBE** Users can easily stake their xSCRIBE through the Scribe interface, selecting from a range of available plugins. The interface provides detailed information on the benefits and requirements of each plugin, ensuring a user-friendly staking and allocation process. Users can also monitor their staked xSCRIBE and adjust allocations as needed, providing flexibility in managing governance and reward strategies. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.scribe.exchange/scribe-tokenomics/xscribe-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.