# PERQ Store {% embed url="" %} {% hint style="success" %} Check out our walkthrough video on how the PERQ Store works or continue reading below ☕ {% endhint %} ## BEANS: The in-platform currency used at the PERQ Store $PERQ can be converted to BEANS at a ratio where $1 worth of PERQ equates 10,000 BEANS. BEANS can be converted in various quantities, allowing you to restock your BEANS balance by recycling $PERQ. BEANS will power every utility on the PERQ platform, allowing for microtransactions without incurring gas costs. {% hint style="info" %} Current use cases for BEANS: * Purchase and upgrade Loyalty Cards Future use cases for BEANS: * Earn BEANS in the Espresso Bar * Play with BEANS in the Arcade * Purchase Special Edition Loyalty Cards for specific boosts * ...And much more {% endhint %} ## Loyalty Cards Loyalty Cards allow users to boost their rewards on all their deposits in PERQ Launchpools. The boosts range from 0.25% to 100% for the highest Loyalty Card level. Each Loyalty Card has 5 Levels, after which a user reaches the next tier, which comes with a larger increase in boosts than each individual level on a certain tier.

## The $PERQ Recycling Mechanism Every time you purchase BEANS with $PERQ:\ • 25% of the $PERQ used in the purchase are permanently burned,\ • the remaining 75% are recycled into the $PERQ Earnpool to fuel the project's flywheel. If other assets than $PERQ were used to purchase BEANS, we iniate a buyback-and-burn following the same principle.\ \ As more and more people purchase Loyalty Cards to increase their staking edge in the Launchpools and Pods, more and more $PERQ are funneled to the PERQ Earnpool, thus increasing its APY. Additionally, the 25% burn rate ensures that the token remains deflationary.