VAPE is the governance and utility token for VaporDEX, our decentralized exchange on the Avalanche network. As VaporDEX grows and evolves, VAPE will be an increasingly integral part of our DEX and ecosystem. Holding VAPE gives you access to participate in governance measures related to VaporDEX and VAPE itself — as well as giving you access to incremental value experiences that require VAPE to participate or benefit from.